French Quarter Area Duplex
For Sale
$575,000
1310 URSULINES Avenue, New Orleans, LA 70116
MULTI_FAMILY - New Orleans, LA
Property Size1,981 SF
Price / SF$290.26
Days on Market137
Property Features for 1310 URSULINES Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, Driveway
Exterior features
Balcony, Fence
Fencing
Fenced
Lot features
Regular
Subdivision
Treme
Standard status
Active
APN
208103819
Size
1,981 SF
Taxes and HOA fees
Tax Description
1. SQ 146 LOT Y URSULINES 2. 26X96XVAR
Legal Description
1. SQ 146 LOT Y URSULINES 2. 26X96XVAR
Utilities
Heating system
Other (Heating), Ductless (Heating)
Cooling system
Wall Unit(s), Ductless, Window Unit(s)
Water source
Public
Building Details
Year built
1923
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Spanish
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Cindy Flannery · License #99564494
(504) 300-0700
Added: Mar 17
Changed: Jul 30
Last Checked: Jul 31 at 1:06AM
MLS# 2543859
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1308–10 Ursulines Avenue, this multifamily duplex is currently configured as two separate units. The home offers 4 bedrooms and 3 bathrooms, with original antique wide-plank heart pine floors throughout. Upstairs includes a kitchen addition and a renovated bathroom with a large walk-in shower completed in 2022.
The property features gated off-street parking. It also includes covered porches, a rear roof deck, and a large workshop/entertainment area, along with laundry and storage. Updates noted include a washer, dryer, and a downstairs refrigerator purchased in 2024. The property is offered fully furnished (excluding artwork).
The property features gated off-street parking. It also includes covered porches, a rear roof deck, and a large workshop/entertainment area, along with laundry and storage. Updates noted include a washer, dryer, and a downstairs refrigerator purchased in 2024. The property is offered fully furnished (excluding artwork).
Key Highlights
- Two‑block proximity to the French Quarter (1308‑10 Ursulines) with gated off‑street parking
- Configured as two separate units with option to open into a single‑family home
- 4 bedrooms and 3 bathrooms; upstairs includes a kitchen addition and a renovated bathroom with large walk‑in shower (2022)
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 | $39.2k | $19.80 |
| − Vacancy | −$3.4k | −$1.71 |
| EGI | $35.8k | $18.09 |
| − OpEx | −$10.8k | −$5.43 |
| NOI | $25.1k | $12.66 |
1,981 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,963
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex configured as two units with 4 bedrooms and 3 bathrooms, plus multiple outdoor spaces and gated off-street parking.
Where is this duplex located?
The property is located at 1310 URSULINES Avenue 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‑block proximity to the French Quarter (1308‑10 Ursulines) with gated off‑street parking; Configured as two separate units with option to open into a single‑family home; 4 bedrooms and 3 bathrooms; upstairs includes a kitchen addition and a renovated bathroom with large walk‑in shower (2022)
