Creole Duplex with Two Independent
New
For Sale
$949,000
2532 N RAMPART Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size3,354 SF
Lot Size0.09 Acres
Price / SF$282.95
Days on Market6
Property Features for 2532 N RAMPART Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Standard status
Active
APN
7
Size
3,354 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
SQ 276 LOT 7 OR A N RAMPART 32X128 DBLE/FR C/BACK 16/RM A/R 2532-34 N RAMPART ST E REC
Legal Description
SQ 276 LOT 7 OR A N RAMPART 32X128 DBLE/FR C/BACK 16/RM A/R 2532-34 N RAMPART ST E REC
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1916
Number of units
2
Architectural style
Creole
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Emily Haynie Ferraro · License #912124532
(504) 430-6004
Added: Oct 20
Changed: Oct 24
Last Checked: Oct 25 at 2:06PM
MLS# 2580575
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 Creole-style duplex, built in 1916, contains 3,354 square feet across two independent units. The ground-floor flat offers 2 bedrooms and 2 bathrooms, while the upper camelback unit has 2 bedrooms and 1 bathroom. Features include central heating and air conditioning, a tankless water heater, in-unit laundry, and appliances that remain with the property.
The lower residence includes a kitchen with stone counters, a double-wide refrigerator, and a professional double-range oven. Its primary suite has an attached sitting room, with private access to a backyard deck and patio. The upper unit includes a sitting room, kitchenette, and full bath. The property occupies a 0.09-acre lot with a fenced yard; public water and sewer are available.
The lower residence includes a kitchen with stone counters, a double-wide refrigerator, and a professional double-range oven. Its primary suite has an attached sitting room, with private access to a backyard deck and patio. The upper unit includes a sitting room, kitchenette, and full bath. The property occupies a 0.09-acre lot with a fenced yard; public water and sewer are available.
Key Highlights
- 3,354 square feet across two independent units
- Ground‑floor unit: 2 bedrooms and 2 bathrooms; upper unit: 2 bedrooms and 1 bathroom
- Creole architectural style; built in 1916
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,470
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,400
$849.4K
Cap Rate 7%
$606,714
$606.7K
Cap Rate 9%
$471,889
$471.9K
Market Conditions
NOI Build-Up for 3,354 SF
Gross rent
$66.4K $19.80/SF
− Vacancy
−$5.7K −$1.71/SF
EGI
$60.7K $18.09/SF
− OpEx
−$18.2K −$5.43/SF
NOI
$42.5K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,400
Cap Rate 7%
$606,714
Cap Rate 9%
$471,889
Alternative Uses
Best Use
Multifamily LT 5
$606.7K
$530.9K – $707.8K
NOI $42,470 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$557.7K
$488.0K – $650.6K
NOI $39,037 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$852.5K
$745.9K – $994.6K
NOI $59,673 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,054
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?
Duplex - A restored two-level property combines a ground-floor residence with a separate upper flat and private outdoor space.
Where is this duplex located?
The property is located at 2532 N RAMPART Street New Orleans, LA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 3,354 square feet across two independent units; Ground‑floor unit: 2 bedrooms and 2 bathrooms; upper unit: 2 bedrooms and 1 bathroom; Creole architectural style; built in 1916
