Raised Duplex
1328-30 Lowerline Street New Orleans, LA 70118
For Sale
$410,000
Raised duplex offers two well-maintained units with appliances and in-unit laundry, plus lengthwise carports.
Property Size2,175 SF
Price / SF$188.51
Days on Market163
Property Features for 1328-30 Lowerline Street
General Information
- Standard status
- Active
- Size
- 2,175 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1910
Listing Agency:
LATTER & BLUM PROPERTY MANAGEMENT, INC
(504) 452-0042
Listed By:
Nicole Norris Schultis · License #995688142
(504) 452-0042
Source:
Compass
Added: Feb 10
Changed: Jul 23
Last Checked: Jul 23 at 10:42AM
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 LATTER & BLUM PROPERTY MANAGEMENT, INC
Investment Insights
Based on property information with market context.
This raised duplex is configured as a two-sided property with well-maintained units. Each unit includes appliances, and both have laundry included. The layout also features spacious carports that run the length of each side, providing storage and potential flex space. As described, there is additional opportunity to build out and create additional units.
Located at 1328-30 Lowerline Street in New Orleans, the property is described as within walking distance to the universities, many dining options, and the streetcar, and it sits cater-corner to the Willow School.
A new roof was installed in 2025. The property is presented as a sweet option for an owner-occupant who wants to live in one unit while renting the other, or for an investor looking to rent both sides for rental income.
Located at 1328-30 Lowerline Street in New Orleans, the property is described as within walking distance to the universities, many dining options, and the streetcar, and it sits cater-corner to the Willow School.
A new roof was installed in 2025. The property is presented as a sweet option for an owner-occupant who wants to live in one unit while renting the other, or for an investor looking to rent both sides for rental income.
Key Highlights
- Raised duplex built in 1910 with 2 full bathrooms and 4 total bedrooms across two units
- Central air and central heating; in‑unit laundry provided for each unit
- Units include appliances in place, with laundry included in each unit
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 | $43.1k | $19.80 |
| − Vacancy | −$3.7k | −$1.71 |
| EGI | $39.3k | $18.09 |
| − OpEx | −$11.8k | −$5.43 |
| NOI | $27.5k | $12.66 |
2,175 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$393.4K
$344.3K – $459.0K
NOI $27,541 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$361.6K
$316.4K – $421.9K
NOI $25,314 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$552.8K
$483.7K – $645.0K
NOI $38,697 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Raised duplex offers two well-maintained units with appliances and in-unit laundry, plus lengthwise carports.
Where is this duplex located?
The property is located at 1328-30 Lowerline Street New Orleans, LA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Raised duplex built in 1910 with 2 full bathrooms and 4 total bedrooms across two units; Central air and central heating; in‑unit laundry provided for each unit; Units include appliances in place, with laundry included in each unit
