Duplex with Fenced
For Sale
$389,000
2217 VALENCE Street, New Orleans, LA 70115
Multi-Family, Shot Gun, New Orleans, LA
Property Size1,351 SF
Lot Size0.08 Acres
Price / SF$287.93
Days on Market22
Property Features for 2217 VALENCE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Exterior features
Fence
Fencing
Fenced
Lot features
Regular
Subdivision
Freret
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
Heating system
Other (Heating), Ductless (Heating)
Cooling system
Wall Unit(s), Ductless
Water source
Public
Amenities
hardwood floors
tall ceilings
large backyard
Building Details
Year built
1929
Floors in Building
1
Number of units
2
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Michael Humphrey · License #995707327
(504) 756-3133
Added: Sep 14
Changed: Oct 4
Last Checked: Oct 5 at 12:06PM
MLS# 2576200
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1929, this 1,351-square-foot duplex contains two matching residences, each with one bedroom and one bathroom. Interior features include hardwood flooring and high ceilings; recent work includes fresh paint and replacement plumbing. A fenced backyard serves the property, and both units are currently vacant. The roof is shingle and asphalt, with public water service and ductless or wall-unit heating and cooling.
The property is on Valence Street in New Orleans’ Freret area, within walking distance of Rouses, Trader Joe’s, Val’s, Mojo, High Hat Cafe, and Care. The site measures 0.0799 acres.
The property is on Valence Street in New Orleans’ Freret area, within walking distance of Rouses, Trader Joe’s, Val’s, Mojo, High Hat Cafe, and Care. The site measures 0.0799 acres.
Key Highlights
- Two matching units, each with one bedroom and one bathroom
- 1,351 square feet on a 0.0799‑acre lot
- Both units are vacant
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.
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, offering flexibility for occupancy or leasing.
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 matching units, each with one bedroom and one bathroom; 1,351 square feet on a 0.0799‑acre lot; Both units are vacant
