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Marigny Neighborhood Multifamily Investment Opportunity

2501 DAUPHINE Street, New Orleans, LA 70117

View on Map

For Sale

$750,000

COMMERCIAL - New Orleans, LA

Property size:

3,686 SF

Lot size:

0.08 Acres

Price / SF:

$203/SF

HighLights

Greek Revival Double Gallery home built in 1850 with tall ceilings and original floors and molding
Corner lot with driveway and off‑street parking, plus easy access to the rear yard
Configured as five individually metered apartments with one owner‑occupied unit, one vacant unit, and three under lease
Large front and rear balconies with views of downtown skyline and ships passing in the river
Exposed fireplaces and architectural details inside and out
Unit sizes: 667 sf (+130 sf loft), 613 sf, 412 sf, 776 sf, and 577 sf; total area 4,747 sf (includes rear porches & storage)

We can help!

Listing Contact

Ryan Wentworth

For Sale

$750,000

COMMERCIAL - New Orleans, LA

Property size:

3,686 SF

Lot size:

0.08 Acres

Price / SF:

$203/SF

Added:: Feb 24, 2026
Days on Market:: 108
Last Refresh:: Jun 12 at 12:06 am

Property Features for 2501 DAUPHINE Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: HMR-3
Parking features: Off Street, Driveway
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)

Utilities

Water source: Public

Building Details

Year built: 1850
Floors in Building: 3

We can help!

Listing Contact

Ryan Wentworth

Listing agent Ryan Wentworth License #000071657

Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA

Listing date Feb 24, 2026

MLS# 2542543

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

Greek Revival Double Gallery home built in 1850 with tall ceilings and original floors and molding
Corner lot with driveway and off‑street parking, plus easy access to the rear yard
Configured as five individually metered apartments with one owner‑occupied unit, one vacant unit, and three under lease
Large front and rear balconies with views of downtown skyline and ships passing in the river
Exposed fireplaces and architectural details inside and out
Unit sizes: 667 sf (+130 sf loft), 613 sf, 412 sf, 776 sf, and 577 sf; total area 4,747 sf (includes rear porches & storage)

Overview

Located in the heart of the vibrant Marigny neighborhood at the intersection of Dauphine St and St. Roch Avenue, this 1850s Greek Revival Double Gallery property is configured as five individually metered apartments, presenting potential for renovation and reconfiguration into a grand single-family home or alternative unit mix. The corner lot allows easy access to the rear yard and parking for multiple vehicles, and provides plentiful natural light. Stand-out features include large front and rear balconies, views of the downtown skyline and ships passing in the river, tall ceilings throughout, original floors and moulding, exposed fireplaces, and architectural details inside and out. The property is located minutes away from restaurants, bars, music venues, and shops, with easy access to Crescent Park and a short stroll to the French Quarter. The total area, which includes porches and storage at the rear, is 4747 square feet. The property size is 3686 square feet, situated on a 0.0786-acre lot. Unit 1 is 667 square feet with a 130 square feet loft area, Unit 2 is 613 square feet, Unit 3 is 412 square feet, Unit 4 is 776 square feet, Unit 5 is 577 square feet, and common areas (stairways) are 641 square feet. One unit is currently owner-occupied, one unit is vacant, and three are under lease. The property is zoned HMR-3.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

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 (±1% cap)

NOI $65,580 @ 7.0% cap · market cap 8.74%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.0518083
Latitude: 29.9659899

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For sale
Apartment buildings
LA
New Orleans
70117
2501 DAUPHINE Street

What type of property is this?

Apartment building - Five-unit property with renovation potential in vibrant Marigny neighborhood.

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: Greek Revival Double Gallery home built in 1850 with tall ceilings and original floors and molding; Corner lot with driveway and off‑street parking, plus easy access to the rear yard; Configured as five individually metered apartments with one owner‑occupied unit, one vacant unit, and three under lease

2501 DAUPHINE Street, New Orleans, LA 70117

COMMERCIAL - New Orleans, LA

Property Features for 2501 DAUPHINE Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Canal Street Automotive Investment Opportunity

Mixed-Use Live/Work Building

Gutted Warehouse with Office

Historic Ground-Floor Office Space

Updated Duplex with Off-Street Parking

Turnkey New Construction Duplex

Uptown New Orleans Multi-Family Property

Historic Mixed-Use Building, New Orleans

Mixed-Use Commercial & Residential Property

Renovated Duplex in New Orleans

Restored Victorian Bed & Breakfast

Owner-Occupy Duplex with Sunroom

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