Apartment Building with Off-Street
For Sale
$2,850,000
3135 DAUPHINE Street, New Orleans, LA 70117
MULTI_FAMILY - New Orleans, LA
Property Size15,054 SF
Price / SF$189.32
Days on Market549
Property Features for 3135 DAUPHINE Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Parking features
Off Street
Lot features
Irregular
Standard status
Active
APN
3135-DAUPHINEST
Size
15,054 SF
Utilities
Heating system
Other (Heating), Ductless (Heating)
Cooling system
Ductless, Wall Unit(s)
Water source
Public
Building Details
Year built
1975
Floors in Building
2
Number of units
27
Roof type
Membrane, Flat
Listing Agency:
REMAX ALLIANCE · RE/MAX International
(985) 626-1561
Listed By:
DOUGLAS BERNARD
(504) 915-0698
Added: Jan 27, 2025
Changed: Jul 30
Last Checked: Jul 30 at 7:06PM
MLS# 2495514
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.
Investment Insights
Based on property information with market context.
Apartment building located at 3135 Dauphine Street in New Orleans, LA 70117. The property was built in 1975 and features a flat roof with membrane roofing. Heating is provided via ductless systems and additional heating, and cooling includes ductless units and wall units. Water service is public. Off-street parking is available with 26 on-site spaces.
A condominium regime has been created, and units can be converted to condos at the purchaser’s option, offering flexibility for ownership and configuration.
This is a residential income-oriented asset with established building systems and dedicated on-site parking, supported by public water service and a roof system designed for flat-roof applications.
A condominium regime has been created, and units can be converted to condos at the purchaser’s option, offering flexibility for ownership and configuration.
This is a residential income-oriented asset with established building systems and dedicated on-site parking, supported by public water service and a roof system designed for flat-roof applications.
Key Highlights
- Built in 1975
- 26 on‑site off‑street parking spaces
- Flat roof with membrane roofing
Financial Insights For Apartment 5plus
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 | $350.5k | $23.28 |
| − Vacancy | −$31.9k | −$2.12 |
| EGI | $318.6k | $21.16 |
| − OpEx | −$143.4k | −$9.52 |
| NOI | $175.2k | $11.64 |
15,054 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.50M
$2.19M – $2.92M
NOI $175,211 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.83M
$3.35M – $4.46M
NOI $267,836 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
426
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building built in 1975 with off-street parking, public water, ductless heating and ductless wall units for cooling.
Where is this apartment building located?
The property is located at 3135 DAUPHINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Built in 1975; 26 on‑site off‑street parking spaces; Flat roof with membrane roofing
