Two-Flat Duplex with Private
New
For Sale
$949,000
2532 N RAMPART Street, New Orleans, LA 70117
Multi-Family, Creole Cottage, New Orleans, LA
Property Size3,354 SF
Lot Size0.09 Acres
Price / SF$282.95
Days on Market4
Property Features for 2532 N RAMPART Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Lot features
Regular
Subdivision
Faubourg Marigny
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
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
tankless water heater
in-unit laundry
backyard deck and patio
chef's kitchen
fireplace
Building Details
Year built
1916
Floors in Building
2
Number of units
2
Architectural style
Cottage
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Emily Haynie Ferraro
(504) 430-6004
Added: Oct 20
Last Checked: Oct 23 at 1:06PM
MLS# 2580575
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.
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Investment Insights
Based on property information with market context.
This 1916 cottage-style duplex contains two self-contained residences on separate levels. The ground-floor home has two bedrooms and two bathrooms, a fireplace with original brick details, 12-foot ceilings, and a primary suite with an adjoining sitting room. Its kitchen is equipped with stone counters, a professional double range, a wide refrigerator, and a custom hood. Laundry is in the unit, with access to a backyard deck and patio. The upper flat includes two bedrooms, one bathroom, a sitting room, and a kitchenette. Appliances remain with the property, which also has central heating and central air conditioning.
The property occupies a 0.09-acre lot in New Orleans’ Marigny Triangle, near Frenchmen Street, St. Roch Market, and Esplanade Avenue. The outdoor space is fully fenced. Together, the two residences offer distinct layouts within one duplex, with the smaller upper home arranged around a sitting room and kitchenette.
The property occupies a 0.09-acre lot in New Orleans’ Marigny Triangle, near Frenchmen Street, St. Roch Market, and Esplanade Avenue. The outdoor space is fully fenced. Together, the two residences offer distinct layouts within one duplex, with the smaller upper home arranged around a sitting room and kitchenette.
Key Highlights
- Duplex with two independent residences: a 2‑bedroom/2‑bath ground‑floor home and a 2‑bedroom/1‑bath upper flat
- 3,354 square feet of gross building area on a 0.09‑acre lot
- 1916 cottage‑style property with 12‑foot ceilings and original brick fireplace details
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 - The 1916 cottage has separate upper and lower residences, central heating and air conditioning, and a fenced outdoor area.
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: Duplex with two independent residences: a 2‑bedroom/2‑bath ground‑floor home and a 2‑bedroom/1‑bath upper flat; 3,354 square feet of gross building area on a 0.09‑acre lot; 1916 cottage‑style property with 12‑foot ceilings and original brick fireplace details
