Greek Revival Double Gallery Apartment
For Sale
$750,000
2501 DAUPHINE Street, New Orleans, LA 70117
MULTI_FAMILY - New Orleans, LA
Property Size3,686 SF
Lot Size0.08 Acres
Price / SF$203.47
Days on Market169
Property Features for 2501 DAUPHINE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, Driveway
Patio and Porch features
Porch
Exterior features
Balcony, Fence, Porch
Fencing
Fenced
Lot features
Corner
Subdivision
Marigny
Standard status
Active
APN
38W101701
Size
3,686 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
SQ 256 LOT 1 DAUPHINE AND ST ROCH 29X118 SGLE 3/STORY 12/RM S/R (5 APTS)
Legal Description
SQ 256 LOT 1 DAUPHINE AND ST ROCH 29X118 SGLE 3/STORY 12/RM S/R (5 APTS)
Utilities
Heating system
Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1850
Floors in Building
3
Number of units
5
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Ryan Wentworth · License #000071657
(504) 300-0700
Added: Feb 11
Changed: Jul 30
Last Checked: Jul 30 at 9:06PM
MLS# 2542540
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 Greek Revival Double Gallery apartment building offers a five-unit configuration with an owner-occupied unit, one vacant unit, and three units currently under lease. The property sits on a corner lot with easy access to the rear yard and space for off-street parking via a driveway. Interior and exterior features described include tall ceilings, original floors and moldings, exposed fireplaces, and architectural details.
The building includes large front and rear balconies for outdoor space, along with a porch and fenced exterior. Comfort systems include central heating and central air, with window unit(s) for cooling. The water source is public.
Built in 1850, the property comprises 3,686 square feet on a 0.0786-acre lot. Centralized site utilities and the corner-lot layout support flexible living arrangements and renovation or reconfiguration opportunities.
The building includes large front and rear balconies for outdoor space, along with a porch and fenced exterior. Comfort systems include central heating and central air, with window unit(s) for cooling. The water source is public.
Built in 1850, the property comprises 3,686 square feet on a 0.0786-acre lot. Centralized site utilities and the corner-lot layout support flexible living arrangements and renovation or reconfiguration opportunities.
Key Highlights
- Corner lot with rear‑yard access and off‑street parking via driveway
- Large front and rear balconies plus porch and fenced exterior
- Five‑unit configuration: one owner‑occupied, one vacant, three under lease
Financial Insights For Apartment 5plus
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 | $85.8k | $23.28 |
| − Vacancy | −$7.8k | −$2.12 |
| EGI | $78.0k | $21.16 |
| − OpEx | −$35.1k | −$9.52 |
| NOI | $42.9k | $11.64 |
3,686 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$612.9K
$536.3K – $715.0K
NOI $42,901 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$936.9K
$819.8K – $1.09M
NOI $65,580 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Corner-lot apartment building with large front and rear balconies, central heating, and five-unit occupancy mix.
Where is this apartment building located?
The property is located at 2501 DAUPHINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Corner lot with rear‑yard access and off‑street parking via driveway; Large front and rear balconies plus porch and fenced exterior; Five‑unit configuration: one owner‑occupied, one vacant, three under lease
