Six-Unit Creole Apartment
For Sale
$1,300,000
3400 DAUPHINE Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size5,275 SF
Lot Size0.14 Acres
Price / SF$246.45
Days on Market601
Property Features for 3400 DAUPHINE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bathroom 1, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 4, Bedroom 8, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6, Bathroom 5
Parking features
Off Street
Lot features
Corner Lot
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
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2019
Number of units
6
Building materials
Brick, Wood Siding
Architectural style
Creole
Buildings
3
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Phillipa Bowers · License #995703036
(504) 884-3893
Added: Mar 2, 2025
Changed: Oct 23
Last Checked: Oct 24 at 10:06AM
MLS# 2488068
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This New Orleans multifamily property comprises three Creole-style buildings with six apartments across 5,275 square feet on 0.1377 acres. The structures were gutted and remodeled in 2019. Brick and wood siding, central heating and air conditioning, and off-street parking are among the property’s features. Public water and sewer serve the site, which is zoned HMR3.
The property is offered as a package with 725-27 Desire St. The Bywater location is near the French Quarter, Marigny, and CBD, with retailers, schools, and workplaces in close proximity.
The property is offered as a package with 725-27 Desire St. The Bywater location is near the French Quarter, Marigny, and CBD, with retailers, schools, and workplaces in close proximity.
Key Highlights
- Three buildings containing 6 apartments
- 5,275 square feet on 0.1377 acres
- Gutted and remodeled in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,395
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,227,900
$1.2M
Cap Rate 7%
$877,071
$877.1K
Cap Rate 9%
$682,167
$682.2K
Market Conditions
NOI Build-Up for 5,275 SF
Gross rent
$122.8K $23.28/SF
− Vacancy
−$11.2K −$2.12/SF
EGI
$111.6K $21.16/SF
− OpEx
−$50.2K −$9.52/SF
NOI
$61.4K $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%
$1,227,900
Cap Rate 7%
$877,071
Cap Rate 9%
$682,167
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.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
6
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three separate structures provide a compact multifamily configuration with off-street parking.
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: Three buildings containing 6 apartments; 5,275 square feet on 0.1377 acres; Gutted and remodeled in 2019
