Two-Unit Duplex with Upper
New
For Sale
$339,000
1337 Tupelo Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size2,462 SF
Lot Size0.08 Acres
Price / SF$137.69
Days on Market4
Property Features for 1337 Tupelo Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 4, Bathroom 6, Bathroom 5, Bedroom 6, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Parking features
Driveway
Patio and Porch features
Porch
Interior features
Tray Ceiling(s), Shower/Tub Combo
Appliances
Disposal, Dishwasher, Electric Oven, Microwave, Refrigerator, Stainless Steel Appliance(s), Electric Water Heater, Disposal, Dishwasher, Electric Oven, Microwave, Refrigerator, Stainless Steel Appliance(s), Electric Water Heater
Lot features
Back Yard
Elementary school district
Orleans Parish
Middle school district
Orleans Parish
High school district
Orleans Parish
Directions
Urquhart St, N Villere St
Standard status
Active
APN
1337-TUPELOST
Size
2,462 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
Sq 558 Lot B Pt Lot 10 And Lot 11 Tupelo 31X111 Dble 4/Rm Ea A/R 1337-39 Tupelo St
Tax Annual Amount
3762
Legal Description
Sq 558 Lot B Pt Lot 10 And Lot 11 Tupelo 31X111 Dble 4/Rm Ea A/R 1337-39 Tupelo St
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit washer/dryer hookups
balcony
Building Details
Year built
2024
Number of units
2
Flooring type
Laminate
Roof type
Shingle
Architectural style
Other
Listing Agency:
Christian Shane Properties
(504) 208-5688
Listed By:
Christian S Galvin · License #995718884
(504) 252-0455
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 31 at 1:06AM
MLS# 200IQD
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2024, this duplex contains two residences totaling 2,462 square feet on a 0.08-acre lot. Each unit has three bedrooms, each with an en suite bathroom, along with a kitchen, in-unit washer and dryer hookups, and storage. The upper residence includes a balcony. Central heating and air conditioning, laminate flooring, and driveway parking serve the property.
The property is within 15 minutes of the University of New Orleans and Nunez Community College, and minutes from Bywater and the St. Claude Arts District. Public water and sewer are available.
The property is within 15 minutes of the University of New Orleans and Nunez Community College, and minutes from Bywater and the St. Claude Arts District. Public water and sewer are available.
Key Highlights
- Two units totaling 2,462 square feet on a 0.08‑acre lot
- Built in 2024
- Three bedrooms with en suite bathrooms in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,175
Cap Rate
9.20%
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 9.20%
Second Best
Apartment 5plus
$409.4K
$358.2K – $477.6K
NOI $28,655 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$625.8K
$547.5K – $730.1K
NOI $43,803 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms with private bathrooms, plus in-unit laundry hookups and kitchen appliances.
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 $339,000.
What are key features of this property?
This property features: Two units totaling 2,462 square feet on a 0.08‑acre lot; Built in 2024; Three bedrooms with en suite bathrooms in each unit
