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Updated Duplex in Prime Location

2215-2217 Dumaine Street New Orleans, LA 70119

2215-2217 Dumaine Street, New Orleans, LA, 70119
$310,000
For Sale
$310,000

Updated 2-unit duplex near amenities and parade routes.

Property Size2,075 SF
Price / SF$149.40
Days on Market247

Property Features for 2215-2217 Dumaine Street

General Information

Standard status
Active
Size
2,075 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse

Building Details

Year Built
1920
Listing Agency United Real Estate Partners LLC
Listed by Gabriela Williams · License #995696608
Source Compass
Added: Nov 12, 2025 Checked: Jul 17 at 4:01 am

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 United Real Estate Partners LLC


Investment Insights

Based on property information with market context.

This updated shotgun-style duplex contains two units, each featuring 2 bedrooms and 2 bathrooms. The property has undergone recent cosmetic updates, including fresh paint. Consistent upkeep ensures a clean and well-maintained environment both inside and out. The property is located in proximity to restaurants, bars, grocery stores, and popular parade routes. The property is suitable for investors or owner-occupants looking to live in one unit and generate rental income from the other. The property size is 2075 square feet.

Key Highlights

  • Two units, each with 2 bedrooms and 2 bathrooms.
  • Prime location near restaurants, bars, grocery stores, and parade routes.
  • Updated with fresh paint and consistent upkeep.

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 $41.1k $19.80
− Vacancy −$3.5k −$1.71
EGI $37.5k $18.09
− OpEx −$11.3k −$5.43
NOI $26.3k $12.66
2,075 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$375.4K
$328.4K – $437.9K (±1% cap)
NOI $26,275 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$345.0K
$301.9K – $402.5K (±1% cap)
NOI $24,151 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$543.0K
$475.1K – $633.5K (±1% cap)
NOI $38,007 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Nursing Home Pet Grooming Service Locksmith (Bike/Boat/Book/etc) Store Furniture & Home Goods Acupuncture (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Clothing & Fashion Store Pet Store & Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Updated 2-unit duplex near amenities and parade routes.
Where is this duplex located?
The property is located at 2215-2217 Dumaine Street New Orleans, LA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms.; Prime location near restaurants, bars, grocery stores, and parade routes.; Updated with fresh paint and consistent upkeep.
Contact an agent
More about this property
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