1026 Dumaine St
For Sale4-PlexPrice Reduction

1026 Dumaine St

New Orleans, LA 70116  |  Orleans Parish
$650,000
$650,000List Price
4Units
7Total Beds
3,228Total Sq Ft
1890Year Built
$201.36Price / Sq Ft
$5,300Monthly Rent

Property Overview

Price reduction! Prime French Quarter 4-plex located at the edge of the Quarter near Armstrong Park and surrounded by top restaurants, shopping and entertainment.

This well maintained property features three 2 bedroom / 1 bath units and one 1 bedroom / 1.5 bath unit with functional floor plans, exposed brick, high ceilings, select wood floors, balconies, a shared courtyard and central air.

Unit 1B and 3A are currently vacant, with the projected rent shown in the rent roll, creating immediate upside for an investor or the perfect opportunity for an owner occupant to live in one unit while generating income from the others. Own a true piece of New Orleans history in a premier location.

Interested in this property?

Contact the listing team for showings, rent details and financing questions.

Contact the AgentsCall Bryce

Unit Mix & Income

UnitBedsBathsSq FtMonthly Rent
Unit 3A21864$1,250
Unit 2A21976$1,500
Unit 1B11.5380$1,200
Unit 1A211,008$1,350

Rents and square footage are per the MLS and are approximate. Units 1B and 3A are vacant and carried at projected rent.

Income Summary

Gross monthly rent (per MLS)$5,300
Gross annual rent (calculated)$63,600
Price per unit (calculated)$162,500
Gross rent multiplier (calculated)10.2x

Rents are as reported in the MLS. Where units are vacant, market rent may be carried in the figures. Buyers should verify all income and expense information.

Property Details

MLS #2544015
StatusActive
Property typeMulti-Family (4-plex)
Total units4
Total living area3,228 sq ft
Year built1890
Stories2
Lot size31 x 48
StyleTraditional
ConstructionWood siding
RoofMembrane, metal
FoundationSlab
ConditionVery good
Heat / airCentral
ElectricEntergy
Bounding streetsSt Ann, Burgundy, Dumaine, N Rampart

Photo Gallery

Contact the Listing Team

Bryce Danna-Marullo

Listing Agent

Call (504) 301-5583Email

Mason McCullough

Bridgewater Realty Advisors

Call (504) 298-8631Email

Bridgewater Realty Advisors, LLC  |  3501 Severn Ave, Suite 19, Metairie, LA 70002  |  (504) 901-0463