Historic Bywater Fourplex on
3131-33 Dauphine Street New Orleans, LA 70117
3131-33 Dauphine Street, New Orleans, LA, 70117
$749,000
For Sale
$749,000
Charming 1923 fourplex in vibrant Bywater neighborhood.
Property Size2,325 SF
Price / SF$322.15
Days on Market95
Property Features for 3131-33 Dauphine Street
General Information
- Standard status
- Active
- Size
- 2,325 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1923
Listing Agency
Compass
(504) 343-6683
Listed by
John Schaff · License #912124217
(504) 343-6683
Source
Compass
Added: Apr 14 Checked: Jul 15 at 9:10 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This historic fourplex, constructed around 1923, is situated on a notable section of Dauphine Street, characterized by traditional New Orleans architecture. Reflecting the neighborhood's established history, the property features a classic multi-unit design. The building has a total area of 2,325 square feet. Located in the Bywater area, the property is within walking distance of local dining establishments, music venues, and the Mississippi River. The location has a walk score of 75.
Key Highlights
- Historic 1923 Bywater 4‑plex on Dauphine Street
- Located in a vibrant area near dining, music, and the Mississippi River
- Classic New Orleans architecture and multi‑unit design
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.0k | $19.80 |
| − Vacancy | −$4.0k | −$1.71 |
| EGI | $42.1k | $18.09 |
| − OpEx | −$12.6k | −$5.43 |
| NOI | $29.4k | $12.66 |
2,325 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$420.6K
$368.0K – $490.7K
NOI $29,440 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$386.6K
$338.3K – $451.0K
NOI $27,060 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$590.9K
$517.1K – $689.4K
NOI $41,366 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Charming 1923 fourplex in vibrant Bywater neighborhood.
Where is this quadplex located?
The property is located at 3131-33 Dauphine Street New Orleans, LA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Historic 1923 Bywater 4‑plex on Dauphine Street; Located in a vibrant area near dining, music, and the Mississippi River; Classic New Orleans architecture and multi‑unit design
