Historic Two-Unit
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 Market10
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 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 4
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
Cottage
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Emily Haynie Ferraro · License #912124532
(504) 430-6004
Added: Oct 20
Changed: Oct 29
Last Checked: Oct 29 at 6:06PM
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.
Built in 1916, this 3,354-square-foot duplex contains two independent flats on a 0.09-acre lot. The ground-floor residence has two bedrooms and two bathrooms, 12-foot ceilings, a fireplace, a primary suite with an adjoining sitting room, in-unit laundry, and access to a backyard deck and patio. The upper camelback unit includes two bedrooms, one bathroom, a sitting room, and a kitchenette. Central heating and air conditioning serve the property, and all appliances are included.
The property is on N Rampart Street in New Orleans, with Frenchmen Street, St. Roch Market, and Esplanade Avenue identified as nearby destinations. Public water and sewer are available, along with natural gas service.
The property is on N Rampart Street in New Orleans, with Frenchmen Street, St. Roch Market, and Esplanade Avenue identified as nearby destinations. Public water and sewer are available, along with natural gas service.
Key Highlights
- 3,354 square feet across two independent flats
- 0.09‑acre lot
- Ground‑floor unit: 2 bedrooms, 2 bathrooms, 12‑foot ceilings and in‑unit laundry
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 - Separate lower and upper flats provide distinct living spaces, with appliances included in the sale.
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 flats; 0.09‑acre lot; Ground‑floor unit: 2 bedrooms, 2 bathrooms, 12‑foot ceilings and in‑unit laundry
