914 N. Rampart Street

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914 N. Rampart Street

New Orleans, LA 70116
Asking Price
$1.19M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located in the historic Vieux Carré
  • Asset features well maintained Victorian Italianate estate architecture
  • Asking price for the property is set at $1,192,100
  • Situated in a prime residential area of New Orleans
  • Suitable for investors targeting the high-demand downtown rental market

What's Special

This multifamily apartment building is a Victorian Italianate estate positioned at 914 N. Rampart Street in New Orleans, Louisiana. Located within the historic Vieux Carré, the asset occupies a prime spot in a city known for its dense cultural heritage and vibrant tourism-driven economy. The property presents a stable option for investors looking to secure a foothold in one of the nation's most recognizable architectural districts. Its location offers immediate access to the transit corridors and walkable urban density that define the central business and residential fabric of the city. Prospective owners may utilize the space for long-term residential leasing or explore adaptive strategies consistent with the unique character of the neighborhood. The building has been maintained as an estate, providing a solid foundation for continued operations within this prominent submarket. Its placement near key cultural institutions and popular entertainment districts ensures sustained demand for housing options in this historic area of New Orleans.

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NOI
$80,000
Cap Rate
6.71%
DSCR
1.13
Tight
Cash-on-Cash
2.58%
Monthly Payment
$5,897.86
Annual Cash Flow
$9,225.676

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