Shotgun Duplex with
For Sale
$389,000
2217 19 Valence Street, New Orleans, LA 70115
Each side offers one bedroom and one bathroom, with both residences currently vacant.
Property Size1,351 SF
Price / SF$287.93
Days on Market43
Property Features for 2217 19 Valence Street
General Information
Standard status
Active
Size
1,351 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Uptown
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
Fence
Building Details
Building Size
1,351 SF
Year Built
1929
Buildings
1
Stories
1
Listed By:
DONALD JULIEN
(504) 368-7132
Source:
Donaldjulienrealestate
Added: Sep 14
Changed: Oct 25
Last Checked: Oct 23 at 3:59PM
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 DONALD JULIEN
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,351-square-foot duplex contains two mirror-image residences, each arranged with one bedroom and one bathroom. Interior features include hardwood floors and high ceilings. Recent work includes fresh paint and new plumbing, and a large backyard serves the property. Built in 1929, the building is currently vacant on both sides.
The property is in New Orleans’ Freret neighborhood, a short walk from Freret Street and nearby Rouses and Trader Joe’s. Val’s, Mojo, High Hat Cafe, and Care are also identified among nearby destinations.
The property is in New Orleans’ Freret neighborhood, a short walk from Freret Street and nearby Rouses and Trader Joe’s. Val’s, Mojo, High Hat Cafe, and Care are also identified among nearby destinations.
Key Highlights
- Two mirror‑image residences, each with one bedroom and one bathroom
- 1,351 square feet; both sides currently vacant
- Fresh paint and new plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,612
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,240
$232.2K
Cap Rate 7%
$165,886
$165.9K
Cap Rate 9%
$129,022
$129.0K
Market Conditions
NOI Build-Up for 1,351 SF
Gross rent
$18.2K $13.44/SF
− Vacancy
−$1.6K −$1.16/SF
EGI
$16.6K $12.28/SF
− OpEx
−$5.0K −$3.68/SF
NOI
$11.6K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,240
Cap Rate 7%
$165,886
Cap Rate 9%
$129,022
Alternative Uses
Best Use
Multifamily LT 5
$165.9K
$145.2K – $193.5K
NOI $11,612 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$147.1K
$128.7K – $171.6K
NOI $10,294 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$356.4K
$311.9K – $415.8K
NOI $24,950 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,827
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each side offers one bedroom and one bathroom, with both residences currently vacant.
Where is this duplex located?
The property is located at 2217 19 Valence Street New Orleans, LA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two mirror‑image residences, each with one bedroom and one bathroom; 1,351 square feet; both sides currently vacant; Fresh paint and new plumbing
