Historic Four-Unit
3131 Dauphine Street, New Orleans, LA 70117
For Sale
$749,000
Built in 1923, the property is within blocks of dining, music, and the Mississippi River corridor.
Property Size2,325 SF
Price / SF$322.15
Days on Market174
Property Features for 3131 Dauphine Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Units
Listing Agency:
Compass Historic
(504) 948-3011
Listed By:
John L Schaff · License LA #912124217
(504) 343-6683
Source:
Donaldjulienrealestate
Added: May 20
Changed: Nov 7
Last Checked: Nov 9 at 5:30PM
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 Historic
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Investment Insights
Based on property information with market context.
This four-unit residential property at 3131 Dauphine Street was built in 1923 and contains 2,325 square feet. Its location is in New Orleans’ Bywater neighborhood, along a street noted for its historic architecture.
Dining and music venues, as well as the Mississippi River corridor, are within blocks. The property has a walk score of 75.
Dining and music venues, as well as the Mississippi River corridor, are within blocks. The property has a walk score of 75.
Key Highlights
- Four residential units in a 2,325‑square‑foot property
- Built in 1923
- Located at 3131 Dauphine Street in New Orleans’ Bywater neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,440
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,800
$588.8K
Cap Rate 7%
$420,571
$420.6K
Cap Rate 9%
$327,111
$327.1K
Market Conditions
NOI Build-Up for 2,325 SF
Gross rent
$46.0K $19.80/SF
− Vacancy
−$4.0K −$1.71/SF
EGI
$42.1K $18.09/SF
− OpEx
−$12.6K −$5.43/SF
NOI
$29.4K $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%
$588,800
Cap Rate 7%
$420,571
Cap Rate 9%
$327,111
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 authorities.
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Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
Explore this area
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
$247,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in New Orleans, LA
Properties on Market for Quadplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1923, the property is within blocks of dining, music, and the Mississippi River corridor.
Where is this quadplex located?
The property is located at 3131 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: Four residential units in a 2,325‑square‑foot property; Built in 1923; Located at 3131 Dauphine Street in New Orleans’ Bywater neighborhood
