1337 TUPELO Street, New Orleans, LA 70117
- Added:
- Sep 18, 2025
- Days on Market:
- 272
- Last Refresh:
- Jun 16 at 10:06 pm
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
- 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
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Christian Galvin License #995702954 (504) 208-5688
Listing office Christian Shane Properties 2125 Saint Charles Ave, New Orleans, LA (504) 208-5688
Listing date Sep 18, 2025
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.
HighLights
- Built in 2024 with Central heating and Central Air cooling
- Each unit has 3 bedrooms with ensuites
- Upper unit includes a balcony
- In‑unit washer/dryer hookups available
- Public water service with shingle roof
- Fenced property with driveway parking and porch
Overview
The property is located in New Orleans and is described as being within 15 minutes of multiple colleges, including the University of New Orleans and Nunez. It is also stated to be minutes from the Bywater, OAB, and the St. Claude Arts District, placing it within reach of area destinations and campus demand.
For investors or owner-occupants seeking a straightforward duplex configuration, the consistent three-bedroom, en-suite bedroom layout across both units can support a cohesive leasing strategy. The presence of in-unit washer/dryer hookups and built-in storage are practical features for renters, while the upper-level balcony provides an additional amenity within the existing unit mix. The opportunity includes a total of two units, offering an income-producing structure built around functional, livable floorplans.
Local 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 | $48.7k | $19.80 |
| − Vacancy | −$4.2k | −$1.71 |
| EGI | $44.5k | $18.09 |
| − OpEx | −$13.4k | −$5.43 |
| NOI | $31.2k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.009669
- Latitude
- 29.962483
