Uptown Duplex With Two
2018-20 Joliet Street New Orleans, LA 70118
For Sale
$379,000
Gated duplex offering two well-designed units with five bedrooms and 2.5 bathrooms total.
Property Size2,538 SF
Price / SF$149.33
Days on Market309
Property Features for 2018-20 Joliet Street
General Information
- Standard status
- Active
- Size
- 2,538 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1955
Listing Agency:
Paidyn Realty
(504) 710-9689
Listed By:
Patrice Poree · License #995699901
(504) 710-9689
Source:
Compass
Added: Sep 18, 2025
Changed: Jul 23
Last Checked: Jul 23 at 6:04AM
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 Paidyn Realty
Investment Insights
Based on property information with market context.
This gated Uptown duplex provides two well-designed units configured with a total of five bedrooms and 2.5 bathrooms. The property offers comfortable, privacy-focused living with an inviting front porch and a large, lush backyard for outdoor use.
The location is described as minutes from the Zoo, Uptown Universities, and Jefferson Parish, with walkable access to historic second line routes and the original streetcar barn.
Ideal for owner-occupancy, rental income, or multigenerational living, the duplex layout supports multiple living arrangements within the same property.
The location is described as minutes from the Zoo, Uptown Universities, and Jefferson Parish, with walkable access to historic second line routes and the original streetcar barn.
Ideal for owner-occupancy, rental income, or multigenerational living, the duplex layout supports multiple living arrangements within the same property.
Key Highlights
- Fully gated 2‑story duplex with 5 bedrooms and 2.5 total bathrooms across two units
- Central heating and central air conditioning
- Indoor laundry
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 | $50.3k | $19.80 |
| − Vacancy | −$4.3k | −$1.71 |
| EGI | $45.9k | $18.09 |
| − OpEx | −$13.8k | −$5.43 |
| NOI | $32.1k | $12.66 |
2,538 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$459.1K
$401.7K – $535.6K
NOI $32,137 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$422.0K
$369.2K – $492.3K
NOI $29,539 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$645.1K
$564.4K – $752.6K
NOI $45,155 @ 7.0% cap · market cap 11.91%
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 - Gated duplex offering two well-designed units with five bedrooms and 2.5 bathrooms total.
Where is this duplex located?
The property is located at 2018-20 Joliet Street New Orleans, LA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Fully gated 2‑story duplex with 5 bedrooms and 2.5 total bathrooms across two units; Central heating and central air conditioning; Indoor laundry
