Historic Two-Unit
For Sale
$575,000
1310 Ursulines Ave, New Orleans, LA 70116
Flexible layout includes gated off-street parking, porches, a roof deck, and workshop space.
Property Size1,981 SF
Price / SF$290.26
Days on Market217
Property Features for 1310 Ursulines Ave
General Information
Standard status
Active
Size
1,981 SF
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
2
Amenities
gated parking
covered porches
rear roof deck
workshop/entertainment area
laundry
storage
Building Details
Year Built
1923
Buildings
1
Listing Agency:
REVE, REALTORS
Listed By:
Cindy Flannery · License #099564494
(504) 908-9333
Source:
Dominionplace
Added: Mar 18
Changed: Oct 15
Last Checked: Oct 19 at 9:15AM
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 REVE, REALTORS
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Investment Insights
Based on property information with market context.
Built in 1923, this 1,981-square-foot duplex is arranged as two separate units with four bedrooms and three bathrooms. The configuration can also be opened into a single-family residence. Original wide-plank heart pine flooring adds historic character, while the upper level includes a kitchen addition with modern appliances and a bathroom renovated in 2022 with a large walk-in shower.
Outdoor areas include covered porches, a rear roof deck, and a sizable workshop and entertainment area. The property also provides laundry and storage, along with a washer, dryer, and downstairs refrigerator purchased in 2024. Gated off-street parking is included. The home is offered furnished, excluding artwork, and sits two blocks from the French Quarter on Ursulines Avenue in New Orleans.
Outdoor areas include covered porches, a rear roof deck, and a sizable workshop and entertainment area. The property also provides laundry and storage, along with a washer, dryer, and downstairs refrigerator purchased in 2024. Gated off-street parking is included. The home is offered furnished, excluding artwork, and sits two blocks from the French Quarter on Ursulines Avenue in New Orleans.
Key Highlights
- Two‑unit configuration with 4 bedrooms and 3 bathrooms
- 1,981 SF property built in 1923
- Gated off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,084
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,680
$501.7K
Cap Rate 7%
$358,343
$358.3K
Cap Rate 9%
$278,711
$278.7K
Market Conditions
NOI Build-Up for 1,981 SF
Gross rent
$39.2K $19.80/SF
− Vacancy
−$3.4K −$1.71/SF
EGI
$35.8K $18.09/SF
− OpEx
−$10.8K −$5.43/SF
NOI
$25.1K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,680
Cap Rate 7%
$358,343
Cap Rate 9%
$278,711
Alternative Uses
Best Use
Multifamily LT 5
$358.3K
$313.6K – $418.1K
NOI $25,084 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$329.4K
$288.2K – $384.3K
NOI $23,057 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$503.5K
$440.6K – $587.4K
NOI $35,245 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,963
Businesses Nearby
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Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Flexible layout includes gated off-street parking, porches, a roof deck, and workshop space.
Where is this duplex located?
The property is located at 1310 Ursulines Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two‑unit configuration with 4 bedrooms and 3 bathrooms; 1,981 SF property built in 1923; Gated off‑street parking
