New Construction Duplex with
For Sale
$369,000
1337 TUPELO Street, New Orleans, LA 70117
Multi-Family, Traditional, New Orleans, LA
Property Size2,462 SF
Price / SF$149.88
Days on Market386
Property Features for 1337 TUPELO Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Balcony, Fence, Porch
Fencing
Fenced
Lot features
Regular
Standard status
Active
APN
558
Size
2,462 SF
Taxes and HOA fees
Tax Description
SQ 558 LOT B PT LOT 10 AND LOT 11 TUPELO 31X111
Legal Description
SQ 558 LOT B PT LOT 10 AND LOT 11 TUPELO 31X111
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit washer/dryer hookups
ample storage space
balcony
Building Details
Year built
2024
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Christian Shane Properties
(504) 208-5688
Listed By:
Christian Galvin · License #995718884
(504) 252-0455
Added: Sep 18, 2025
Changed: Sep 12
Last Checked: Oct 8 at 6:06AM
MLS# 2522464
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.
Completed in 2024, this 2,462-square-foot duplex contains two residential units, each with three bedrooms and en suite bathrooms. Both units include kitchens, in-unit washer and dryer hookups, and storage areas. The upper residence adds a balcony, while the property also features a porch, fenced grounds, a driveway, shingle roofing, and public water service. Central heating and central air conditioning serve the building.
The property is located at 1337 Tupelo Street in New Orleans, within 15 minutes of the University of New Orleans and Nunez Community College. The Bywater and St. Claude Arts District are also described as nearby. Its two-unit configuration and separate residential layouts provide a clearly defined multifamily format.
The property is located at 1337 Tupelo Street in New Orleans, within 15 minutes of the University of New Orleans and Nunez Community College. The Bywater and St. Claude Arts District are also described as nearby. Its two-unit configuration and separate residential layouts provide a clearly defined multifamily format.
Key Highlights
- 2024‑built duplex with 2,462 square feet
- Two units, each with 3 bedrooms and en suite bathrooms
- Upper unit includes a balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,175
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,500
$623.5K
Cap Rate 7%
$445,357
$445.4K
Cap Rate 9%
$346,389
$346.4K
Market Conditions
NOI Build-Up for 2,462 SF
Gross rent
$48.7K $19.80/SF
− Vacancy
−$4.2K −$1.71/SF
EGI
$44.5K $18.09/SF
− OpEx
−$13.4K −$5.43/SF
NOI
$31.2K $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%
$623,500
Cap Rate 7%
$445,357
Cap Rate 9%
$346,389
Alternative Uses
Best Use
Multifamily LT 5
$445.4K
$389.7K – $519.6K
NOI $31,175 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$409.4K
$358.2K – $477.6K
NOI $28,655 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$625.8K
$547.5K – $730.1K
NOI $43,803 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with three-bedroom layouts, en suite bathrooms, updated kitchens, and in-unit laundry hookups.
Where is this duplex located?
The property is located at 1337 TUPELO Street New Orleans, LA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 2024‑built duplex with 2,462 square feet; Two units, each with 3 bedrooms and en suite bathrooms; Upper unit includes a balcony
