Duplex with Private
For Sale
$389,000
2217 VALENCE Street, New Orleans, LA 70115
Multifamily, New Orleans, LA
Property Size1,351 SF
Lot Size0.08 Acres
Price / SF$287.93
Days on Market40
Property Features for 2217 VALENCE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Directions
From Freret, turn toward river on Valence, house will be on your left after school
Standard status
Active
APN
614320824
Size
1,351 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
SQ 542 LOT R VALENCE 29X120 2217-19 VALENCE ST DU-W FILE #95334 3/09
Legal Description
SQ 542 LOT R VALENCE 29X120 2217-19 VALENCE ST DU-W FILE #95334 3/09
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless, Wall Unit(s), Multi Units
Water source
Public
Building Details
Year built
1929
Number of units
2
Building materials
HardiPlank Type
Architectural style
Shotgun
Buildings
1
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Michael E Humphrey · License #995707327
(504) 756-3133
Added: Sep 14
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2576200
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.
This 1929 shotgun-style duplex contains 1,351 square feet across two mirrored residences. Each side has one bedroom and one bathroom, with hardwood floors and high ceilings. The property has fresh interior paint, updated plumbing, and ductless heating and cooling. A backyard serves the two units. Public water and sewer are connected, and the home has undergone a pre-inspection.
The 0.0799-acre property is on Valence Street in New Orleans’ Freret area. Freret Street businesses, including Rouses, Trader Joe’s, Val’s, Mojo, High Hat Cafe, and Care, are described as walkable from the property. Both units are currently vacant.
The 0.0799-acre property is on Valence Street in New Orleans’ Freret area. Freret Street businesses, including Rouses, Trader Joe’s, Val’s, Mojo, High Hat Cafe, and Care, are described as walkable from the property. Both units are currently vacant.
Key Highlights
- Two residences, each configured with one bedroom and one bathroom
- 1,351 square feet on a 0.0799‑acre lot
- 1929 shotgun‑style duplex with mirrored unit layouts
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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, allowing the next owner to occupy or lease them separately.
Where is this duplex located?
The property is located at 2217 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 residences, each configured with one bedroom and one bathroom; 1,351 square feet on a 0.0799‑acre lot; 1929 shotgun‑style duplex with mirrored unit layouts
