Brick Apartment
For Sale
$2,850,000
3135 DAUPHINE Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size15,054 SF
Price / SF$189.32
Days on Market635
Property Features for 3135 DAUPHINE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
27
Bathrooms
27
Full bathrooms
27
Rooms
Bathroom 22, Bedroom 3, Bedroom 2, Bathroom 15, Bathroom 21, Bathroom 10, Bedroom 19, Bedroom 23, Bedroom 13, Bathroom 20, Bathroom 26, Bathroom 9, Bathroom 27, Bathroom 7, Bedroom 26, Bedroom 20, Bedroom 7, Bedroom 14, Bedroom 16, Bedroom 12, Bedroom 10, Bedroom 17, Bathroom 13, Bathroom 12, Bathroom 5, Bedroom 22, Bathroom 11, Bedroom 27, Bathroom 14, Bathroom 2, Bedroom 1, Bedroom 15, Bedroom 5, Bedroom 4, Bathroom 18, Bedroom 8, Bathroom 4, Bedroom 6, Bathroom 16, Bathroom 19, Bathroom 8, Bathroom 23, Bathroom 3, Bedroom 11, Bedroom 24, Bedroom 18, Bedroom 25, Bathroom 17, Bathroom 24, Bathroom 6, Bathroom 25, Bathroom 1, Bedroom 9, Bedroom 21
Parking features
Off Street
Lot features
Irregular Lot
Standard status
Active
APN
3135-DAUPHINEST
Size
15,054 SF
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless, Wall Unit(s)
Water source
Public
Building Details
Year built
1975
Number of units
27
Building materials
Brick
Listing Agency:
RE/MAX Alliance · RE/MAX International
(985) 626-1561
Listed By:
Douglas Bernard · License #000055934
(504) 915-0698
Added: Jan 27, 2025
Changed: Oct 24
Last Checked: Oct 24 at 3:06PM
MLS# 2495514
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.
The 15,054-square-foot apartment building was constructed in 1975 with brick exterior construction. Ductless heating and cooling are installed, and the property has 26 off-street parking spaces. Public water and sewer serve the building.
A condominium regime is in place, allowing the units to be converted to condominium ownership at the purchaser’s option. An assumable non-recourse loan carries a 5.15% rate and matures March 1, 2029.
A condominium regime is in place, allowing the units to be converted to condominium ownership at the purchaser’s option. An assumable non-recourse loan carries a 5.15% rate and matures March 1, 2029.
Key Highlights
- 15,054‑square‑foot apartment building constructed in 1975
- Brick construction with ductless heating and cooling
- 26 on‑site off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,211
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,504,220
$3.5M
Cap Rate 7%
$2,503,014
$2.5M
Cap Rate 9%
$1,946,789
$1.9M
Market Conditions
NOI Build-Up for 15,054 SF
Gross rent
$350.5K $23.28/SF
− Vacancy
−$31.9K −$2.12/SF
EGI
$318.6K $21.16/SF
− OpEx
−$143.4K −$9.52/SF
NOI
$175.2K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,504,220
Cap Rate 7%
$2,503,014
Cap Rate 9%
$1,946,789
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,254
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - An established condominium regime allows units to be converted to condominium ownership at the purchaser’s option.
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: 15,054‑square‑foot apartment building constructed in 1975; Brick construction with ductless heating and cooling; 26 on‑site off‑street parking spaces
