Charming 7-Unit Multifamily
931-35 Dauphine Street New Orleans, LA 70116
931-35 Dauphine Street, New Orleans, LA, 70116
$1,500,000
For Sale
$1,500,000
Seven-unit multifamily with a 1½-story Creole Cottage and rear studio building, featuring courtyards and balconies.
Property Size4,880 SF
Price / SF$307.38
Days on Market56
Property Features for 931-35 Dauphine Street
General Information
- Standard status
- Active
- Size
- 4,880 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1880
Listing agency
LATTER & BLUM
(225) 205-8552
Listed by
Micah Loewenthal · License #000026722
(225) 205-8552
Source
Compass
Added: May 28 Updated: Jul 10 at 2:11PM Checked: Jul 22 at 10:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LATTER & BLUM
Investment Insights
Based on property information with market context.
Set on a historic-style parcel, this 7-unit multifamily property combines a 1½-story Creole Cottage with a 2-story rear building. The main building includes a 2-bedroom, 3-bath owner’s apartment, a 2-bedroom, 1-bath adjacent apartment, and a 1-bedroom, 1-bath upper apartment. The rear building provides four studio apartments. Throughout, the property is characterized by exposed brick and beams, along with courtyards and balconies that help differentiate the individual units.
The large rear courtyard includes a water feature and storage. A remnant of an old foundation remains on site and could possibly accommodate a new structure if desired. The property is located at 931-35 Dauphine Street in New Orleans, Louisiana.
With a mix of an owner’s residence and additional apartment and studio units, the configuration can suit buyers seeking multi-unit income with on-site living flexibility. The combination of courtyards, balconies, and historic character elements also supports tenants looking for more distinctive, apartment-style layouts within a small building environment.
The large rear courtyard includes a water feature and storage. A remnant of an old foundation remains on site and could possibly accommodate a new structure if desired. The property is located at 931-35 Dauphine Street in New Orleans, Louisiana.
With a mix of an owner’s residence and additional apartment and studio units, the configuration can suit buyers seeking multi-unit income with on-site living flexibility. The combination of courtyards, balconies, and historic character elements also supports tenants looking for more distinctive, apartment-style layouts within a small building environment.
Key Highlights
- 7‑unit multifamily featuring a 1½‑story Creole cottage and a 2‑story rear building
- Total of 9 bedrooms and 9 bathrooms across the main cottage and rear studio apartments
- Includes a 2 bed/3 bath owner’s apartment, a 2 bed/1 bath adjacent apartment, and a 1 bed/1 bath upper apartment
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 | $113.6k | $23.28 |
| − Vacancy | −$10.3k | −$2.12 |
| EGI | $103.3k | $21.16 |
| − OpEx | −$46.5k | −$9.52 |
| NOI | $56.8k | $11.64 |
4,880 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$811.4K
$710.0K – $946.6K
NOI $56,798 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,823 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven-unit multifamily with a 1½-story Creole Cottage and rear studio building, featuring courtyards and balconies.
Where is this apartment building located?
The property is located at 931-35 Dauphine Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7‑unit multifamily featuring a 1½‑story Creole cottage and a 2‑story rear building; Total of 9 bedrooms and 9 bathrooms across the main cottage and rear studio apartments; Includes a 2 bed/3 bath owner’s apartment, a 2 bed/1 bath adjacent apartment, and a 1 bed/1 bath upper apartment
