New Construction Duplex with
For Sale
$1,475,000
2412 N RAMPART Street, New Orleans, LA 70117
Multi-Family, Traditional, New Orleans, LA
Property Size3,891 SF
Lot Size0.09 Acres
Price / SF$379.08
Days on Market87
Property Features for 2412 N RAMPART Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage
Security features
Security
Patio and Porch features
Porch
Exterior features
Balcony, Courtyard, Fence, Porch, Security Cameras
Fencing
Fenced
Lot features
Oversized, Regular
Subdivision
MARIGNY RECTANGLE
Standard status
Active
APN
2412Ranoart
Size
3,891 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
SQ 274 LOT 2
Legal Description
SQ 274 LOT 2
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
pool
laundry centers
water filtration system
natural gas generator
terraces
balconies
soundproofing
Building Details
Year built
2024
Floors in Building
3
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Chris Smith
(504) 231-2004
Added: Jul 24
Changed: Sep 29
Last Checked: Oct 18 at 4:06PM
MLS# 2569266
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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Completed in 2024, this 3,891-square-foot duplex combines a five-bedroom, four-bath owner residence with a separate legal one-bedroom, one-bath apartment. The residence also incorporates a private guest suite, while the property includes an elevator, ADA-friendly features, an attached two-car garage, three laundry centers, central heating and cooling, and a whole-house natural gas generator serving the owner’s residence. Quartz counters, custom cabinetry, professional-series stainless steel appliances, hardwood floors, balconies, terraces, and a fenced backyard with a heated and chilled in-ground pool add to the configuration.
The property occupies a 30-foot-wide by 127-foot-deep lot at 2412 N Rampart Street in New Orleans. It is identified as being in the X Flood Zone and is located three blocks from Frenchmen Street, near Hotel Peter & Paul, The Elysian Bar, Who Dat Coffee Cafe, Robert Fresh Market, SukhoThai, Ruby Slipper, and Ayu Bakehouse. Balconies and terraces provide views toward Saint Peter & Paul Church, the Greater New Orleans Bridge, and the downtown skyline.
The property occupies a 30-foot-wide by 127-foot-deep lot at 2412 N Rampart Street in New Orleans. It is identified as being in the X Flood Zone and is located three blocks from Frenchmen Street, near Hotel Peter & Paul, The Elysian Bar, Who Dat Coffee Cafe, Robert Fresh Market, SukhoThai, Ruby Slipper, and Ayu Bakehouse. Balconies and terraces provide views toward Saint Peter & Paul Church, the Greater New Orleans Bridge, and the downtown skyline.
Key Highlights
- 3,891 SF duplex completed in 2024
- Five‑bedroom, four‑bath owner residence with a private one‑bedroom, one‑bath guest suite
- Separate legal one‑bedroom, one‑bath apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,270
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,400
$985.4K
Cap Rate 7%
$703,857
$703.9K
Cap Rate 9%
$547,444
$547.4K
Market Conditions
NOI Build-Up for 3,891 SF
Gross rent
$77.0K $19.80/SF
− Vacancy
−$6.7K −$1.71/SF
EGI
$70.4K $18.09/SF
− OpEx
−$21.1K −$5.43/SF
NOI
$49.3K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,400
Cap Rate 7%
$703,857
Cap Rate 9%
$547,444
Alternative Uses
Best Use
Multifamily LT 5
$703.9K
$615.9K – $821.2K
NOI $49,270 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$647.0K
$566.1K – $754.8K
NOI $45,287 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$989.0K
$865.3K – $1.15M
NOI $69,227 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,240
Businesses Nearby
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Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Owner residence includes a separate one-bedroom apartment and private guest suite.
Where is this duplex located?
The property is located at 2412 N RAMPART Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 3,891 SF duplex completed in 2024; Five‑bedroom, four‑bath owner residence with a private one‑bedroom, one‑bath guest suite; Separate legal one‑bedroom, one‑bath apartment
