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    Historic Creole Cottage in Marigny Title is generated by Realmo AI

    2473 N RAMPART Street, New Orleans, LA 70117

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    Claim this Listing
    For Sale
    $525,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    2,303 SF
    Price / SF:
    $227/SF
    Added:
    Apr 2, 2026
    Days on Market:
    72
    Last Refresh:
    Jun 12 at 2:06 am

    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

    We can help!

    Listing Contact
    Adrienne LaBauve
    Adrienne LaBauve

    Listing agent Adrienne LaBauve

    Listing office eXp Realty, LLC 650 Poydras St, New Orleans, LA

    Listing date Apr 2, 2026

    MLS# 2547909 Listing URL

    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.

    HighLights

    • Prime location in the Faubourg Marigny, steps from amenities and entertainment.
    • Configured as a double with two units and separate electric meters, offering rental income potential or owner‑occupancy flexibility.
    • Flexible layout allowing use as a double or conversion to a single‑family home.
    • Recent updates including siding, exterior paint, windows, and central HVAC (owner's unit).
    • Renovated kitchen in owner's unit (2023) with granite countertops and stainless steel appliances.
    • Private backyard with a brand new composite wood deck.

    Overview

    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.

    Local 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 (±1% cap)
    NOI $29,162 @ 7.0% cap · market cap 5.55%
    Second Best
    Apartment 5plus
    $382.9K
    $335.1K – $446.7K (±1% cap)
    NOI $26,804 @ 7.0% cap · market cap 5.11%
    Theoretical Best
    Office A
    $585.3K
    $512.2K – $682.9K (±1% cap)
    NOI $40,974 @ 7.0% cap · market cap 7.80%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.052412
    Latitude
    29.967936

    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: Prime location in the Faubourg Marigny, steps from amenities and entertainment.; Configured as a double with two units and separate electric meters, offering rental income potential or owner‑occupancy flexibility.; Flexible layout allowing use as a double or conversion to a single‑family home.
    More about this property
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