Historic Creole Cottage in
2473 N RAMPART Street New Orleans, LA 70117
For Sale
$525,000
MULTI_FAMILY - New Orleans, LA
Property Size2,303 SF
Price / SF$227.96
Days on Market117
Property Features for 2473 N RAMPART Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 38W103018
- Size
- 2,303 SF
Taxes and HOA fees
- Tax Description
- SQ 370 LOT 2 OR PT 21 N RAMPART
Utilities
- Heating system
- Central
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1875
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Cottage
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Adrienne LaBauve
(337) 522-7554
Added: Apr 2
Changed: Jul 11
Last Checked: Jul 27 at 4:06AM
MLS# 2547909
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.
Investment Insights
Based on property information with market context.
This historic Creole Cottage is located in the Faubourg Marigny neighborhood. Configured as a double, the property features two units with separate electric meters and one water meter. Each side includes its own kitchen and living space, while an interior doorway connects the units. The property offers a total of four bedrooms and two full bathrooms and showcases details including hardwood floors, exposed fireplace mantels, high ceilings, and pocket doors. Recent updates include siding, exterior paint, windows, and central HVAC (owner's unit) completed in 2022-2023. The owner's unit features a double parlor that flows into a renovated kitchen (2023) with granite countertops, white cabinetry, and stainless steel appliances, along with an upstairs bedroom. The second unit offers a shotgun-style layout with generously sized rooms and a kitchen featuring wood cabinetry and tiled countertops. The backyard provides a private outdoor retreat, complete with a composite wood deck. The property is located steps from the Healing Center and a short stroll to Franklin, Pepp's, Robert's, Baldwin & Co., and live music venues, restaurants, and bars. The property offers potential for rental income or owner-occupancy and flexibility for use as a single-family home. The property size is 2303 square feet. This property presents an opportunity for investors or owner-occupants seeking rental income in the Marigny.
Key Highlights
- Historic 1875 Creole cottage in Faubourg Marigny with cottage‑style architecture
- Currently configured as a double with 2 units, separate electric meters, and one shared water meter
- 4 bedrooms and 2 full bathrooms; each unit has its own kitchen and living space with an interior connecting doorway
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.6k | $19.80 |
| − Vacancy | −$3.9k | −$1.71 |
| EGI | $41.7k | $18.09 |
| − OpEx | −$12.5k | −$5.43 |
| NOI | $29.2k | $12.66 |
2,303 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$416.6K
$364.5K – $486.0K
NOI $29,162 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$382.9K
$335.1K – $446.7K
NOI $26,804 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$585.3K
$512.2K – $682.9K
NOI $40,974 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Charming double in vibrant Faubourg Marigny, steps from attractions.
Where is this duplex located?
The property is located at 2473 N RAMPART Street New Orleans, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Historic 1875 Creole cottage in Faubourg Marigny with cottage‑style architecture; Currently configured as a double with 2 units, separate electric meters, and one shared water meter; 4 bedrooms and 2 full bathrooms; each unit has its own kitchen and living space with an interior connecting doorway
