Five-Unit Apartment Building with
For Sale
$750,000
Pending
2501 DAUPHINE Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size3,686 SF
Lot Size0.08 Acres
Days on Market255
Property Features for 2501 DAUPHINE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 5
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Lot features
Corner Lot
Standard status
Pending
APN
38W101701
Size
3,686 SF
Lot size
0.08 Acres
Additional Details
Tenant in Place
Yes
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
large front and rear balconies
tall ceilings throughout
original floors and mouldings
exposed fireplaces
architectural details inside and out
Building Details
Year built
1850
Number of units
5
Building materials
HardiPlank Type, Wood Siding
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Ryan S Wentworth · License #000071657
(504) 302-0300
Added: Feb 11
Changed: Oct 23
Last Checked: Oct 24 at 8:06AM
MLS# 2542540
Copyright © 2026 ROAM MLS. 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
Based on property information with market context.
This 3,686-square-foot apartment property dates to 1850 and has a five-unit configuration. Its Greek Revival double-gallery design includes front and rear balconies, high ceilings, original flooring and moldings, and exposed fireplaces. The property also has central heating, a mix of central air and window-unit cooling, and driveway and off-street parking. One unit is owner-occupied, one is vacant, and three are leased.
At the corner of Dauphine Street and St. Roch Avenue in New Orleans, the property sits on a 0.0786-acre lot. Restaurants, bars, music venues, and shops are minutes away; Crescent Park and the French Quarter are also nearby. The corner parcel provides access to the rear yard, and the property has views of the downtown skyline and passing ships on the river.
At the corner of Dauphine Street and St. Roch Avenue in New Orleans, the property sits on a 0.0786-acre lot. Restaurants, bars, music venues, and shops are minutes away; Crescent Park and the French Quarter are also nearby. The corner parcel provides access to the rear yard, and the property has views of the downtown skyline and passing ships on the river.
Key Highlights
- Five‑unit configuration: one owner‑occupied, one vacant, and three leased units
- 3,686 square feet on a 0.0786‑acre corner lot
- Built in 1850 with Greek Revival double‑gallery architecture
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,901
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,020
$858.0K
Cap Rate 7%
$612,871
$612.9K
Cap Rate 9%
$476,678
$476.7K
Market Conditions
NOI Build-Up for 3,686 SF
Gross rent
$85.8K $23.28/SF
− Vacancy
−$7.8K −$2.12/SF
EGI
$78.0K $21.16/SF
− OpEx
−$35.1K −$9.52/SF
NOI
$42.9K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,020
Cap Rate 7%
$612,871
Cap Rate 9%
$476,678
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.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,196
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?
Apartment building - The five-unit property includes one owner-occupied residence, one vacant unit, and three leased apartments.
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: Five‑unit configuration: one owner‑occupied, one vacant, and three leased units; 3,686 square feet on a 0.0786‑acre corner lot; Built in 1850 with Greek Revival double‑gallery architecture
