Duplex with Full-Length
1328 Lowerline Street, New Orleans, LA 70118
For Sale
$365,000
One residence is vacant and freshly painted; the second is occupied under a month-to-month lease.
Property Size2,175 SF
Price / SF$167.82
Days on Market103
Property Features for 1328 Lowerline Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Amenities
appliances
stacked washer/dryer
carports
Building Details
Building Size
Year Built
Units
Listing Agency:
Wurth Real Estate Services
(504) 866-7000
Listed By:
Nicole Norris Schultis · License LA #995688142
(504) 452-0042
Source:
Donaldjulienrealestate
Added: Aug 4
Changed: Nov 8
Last Checked: Nov 13 at 6:33PM
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 Wurth Real Estate Services
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Investment Insights
Based on property information with market context.
This 2,175-square-foot duplex was built in 1910 and received a new roof in 2025. Both residences include appliances and stacked washer-dryer units. One is vacant, freshly painted, and available for occupancy or leasing; the other is under a month-to-month lease. Carports extend alongside both units, providing covered space for storage or recreation, with potential for conversion to enclosed garages.
The property is within walking distance of universities, restaurants, the streetcar, and Willow School.
The property is within walking distance of universities, restaurants, the streetcar, and Willow School.
Key Highlights
- 2,175 square feet; built in 1910
- New roof installed in 2025
- One unit vacant and freshly painted; the other has a month‑to‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,541
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,820
$550.8K
Cap Rate 7%
$393,443
$393.4K
Cap Rate 9%
$306,011
$306.0K
Market Conditions
NOI Build-Up for 2,175 SF
Gross rent
$43.1K $19.80/SF
− Vacancy
−$3.7K −$1.71/SF
EGI
$39.3K $18.09/SF
− OpEx
−$11.8K −$5.43/SF
NOI
$27.5K $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%
$550,820
Cap Rate 7%
$393,443
Cap Rate 9%
$306,011
Alternative Uses
Best Use
Multifamily LT 5
$393.4K
$344.3K – $459.0K
NOI $27,541 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$361.6K
$316.4K – $421.9K
NOI $25,314 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$552.8K
$483.7K – $645.0K
NOI $38,697 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,480
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant and freshly painted; the second is occupied under a month-to-month lease.
Where is this duplex located?
The property is located at 1328 Lowerline Street New Orleans, LA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,175 square feet; built in 1910; New roof installed in 2025; One unit vacant and freshly painted; the other has a month‑to‑month lease
