Recently Renovated Duplex with Off-Street
2724-26 Upperline Street New Orleans, LA 70115
2724-26 Upperline Street, New Orleans, LA, 70115
$500,000
For Sale
$500,000
Duplex with two 2-bedroom, 1-bath units, off-street parking, and backyard shed storage.
Property Size1,792 SF
Price / SF$279.02
Days on Market594
Property Features for 2724-26 Upperline Street
General Information
- Standard status
- Active
- Size
- 1,792 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1939
Listing agency
NOLA Living Realty
(504) 205-5231
Listed by
Marysol Aranda · License #995708019
(504) 205-5231
Source
Compass
Added: Dec 4, 2024 Updated: Jul 21 at 4:04AM Checked: Jul 21 at 4:04AM
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 NOLA Living Realty
Investment Insights
Based on property information with market context.
This recently renovated duplex features two separate residential units, each offering an open-concept layout with 2 bedrooms and 1 bathroom. Additional practical features include storage space in a backyard shed.
Located at 2724-26 Upperline Street in the Ferret Neighborhood of New Orleans, the property is described as being steps away from a variety of shops, restaurants, and nightlife.
Outside, the duplex provides off-street parking and front yard access for each unit, supporting day-to-day convenience for tenants or occupants.
Located at 2724-26 Upperline Street in the Ferret Neighborhood of New Orleans, the property is described as being steps away from a variety of shops, restaurants, and nightlife.
Outside, the duplex provides off-street parking and front yard access for each unit, supporting day-to-day convenience for tenants or occupants.
Key Highlights
- Duplex with two units, each featuring 2 bedrooms and 1 full bathroom
- Central air and central heating
- 2‑story home built in 1939
Local Financial Insights For Multifamily LT 5
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 | $24.1k | $13.44 |
| − Vacancy | −$2.1k | −$1.16 |
| EGI | $22.0k | $12.28 |
| − OpEx | −$6.6k | −$3.68 |
| NOI | $15.4k | $8.60 |
1,792 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$220.0K
$192.5K – $256.7K
NOI $15,403 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$195.1K
$170.7K – $227.6K
NOI $13,654 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$472.8K
$413.7K – $551.6K
NOI $33,095 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units, off-street parking, and backyard shed storage.
Where is this duplex located?
The property is located at 2724-26 Upperline Street New Orleans, LA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Duplex with two units, each featuring 2 bedrooms and 1 full bathroom; Central air and central heating; 2‑story home built in 1939
