Multi-Family Asset in Bywater
3400 DAUPHINE Street New Orleans, LA 70117
3400 DAUPHINE Street, New Orleans, LA, 70117
$1,300,000
For Sale
$1,300,000
MULTI_FAMILY - New Orleans, LA
Property Size5,275 SF
Lot Size0.14 Acres
Price / SF$246.45
Days on Market505
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
- 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
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
4827 Prytania St, New Orleans, LA
Listed by
Phillipa Bowers
(504) 300-0700
Added: Mar 2, 2025 Checked: Jul 20 at 10:06 am
MLS# 2488068
Listing URL
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.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
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.
