Multi-Family Asset in Bywater
For Sale
$1,300,000
3400 DAUPHINE Street, New Orleans, LA 70117
MULTI_FAMILY - New Orleans, LA
Property Size5,275 SF
Lot Size0.14 Acres
Price / SF$246.45
Days on Market515
Property Features for 3400 DAUPHINE Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Parking features
Off Street
Security features
Security
Exterior features
Balcony, Courtyard, Fence, Security Cameras
Fencing
Fenced
Lot features
Corner
Subdivision
Bywater
Standard status
Active
APN
39W107901
Size
5,275 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
SQ 174 LOTS 1 2 DAUPHINE AND DESIRE 60 X 100; 3404 DAUPHINE ST, APT. A 2/SGLES 2/STORY 12/RMS S/R
Legal Description
SQ 174 LOTS 1 2 DAUPHINE AND DESIRE 60 X 100; 3404 DAUPHINE ST, APT. A 2/SGLES 2/STORY 12/RMS S/R
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2019
Floors in Building
2
Number of units
6
Roof type
Asphalt
Architectural style
Cottage
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Phillipa Bowers
(504) 300-0700
Added: Mar 2, 2025
Changed: May 14
Last Checked: Jul 30 at 6:06PM
MLS# 2488068
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.
This multi-family asset offers an opportunity to purchase property in the Bywater Neighborhood of New Orleans. The property consists of 3 well-maintained buildings, containing a total of 6 apartments. The buildings were gutted and remodeled in 2019. The property has stabilized, in-place cash flow. Its location offers proximity to the French Quarter, Marigny, and CBD, as well as multiple retailers, schools and places of work. The location provides stability and rent appreciation. The property has a lot size of 0.1377 acres and a property size of 5275 square feet. Zoning is HMR3. The property is to be sold as a package along with 725-27 Desire St., which is also listed for sale.
Key Highlights
- Multi‑family asset with high occupancy in the Bywater Neighborhood.
- Gutted and remodeled in 2019.
- Stabilized, in‑place cash flow.
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 | $122.8k | $23.28 |
| − Vacancy | −$11.2k | −$2.12 |
| EGI | $111.6k | $21.16 |
| − OpEx | −$50.2k | −$9.52 |
| NOI | $61.4k | $11.64 |
5,275 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$877.1K
$767.4K – $1.02M
NOI $61,395 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,851 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,274
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Unique multi-family asset with high occupancy in New Orleans.
Where is this apartment building located?
The property is located at 3400 DAUPHINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Multi‑family asset with high occupancy in the Bywater Neighborhood.; Gutted and remodeled in 2019.; Stabilized, in‑place cash flow.
