Duplex with Off-Street
For Sale
$585,000
2308-10 AUDUBON Street, New Orleans, LA 70125
Multifamily, New Orleans, LA
Property Size3,087 SF
Price / SF$189.50
Days on Market42
Property Features for 2308-10 AUDUBON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 5, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 7, Bedroom 4, Bedroom 6, Bedroom 8, Bathroom 1
Parking
3
Parking features
Off Street, Parking Lot
Patio and Porch features
Porch
Standard status
Active
APN
PT 51 54
Size
3,087 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
FRIBURG SQ 51-54 LOT A AUDUBON 40X120 2308-10 AUDUBON DUP-W FILE #82775 9/01 FAM TRAN
Legal Description
FRIBURG SQ 51-54 LOT A AUDUBON 40X120 2308-10 AUDUBON DUP-W FILE #82775 9/01 FAM TRAN
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
built-ins
off-street parking
front sunroom
Building Details
Year built
1928
Number of units
2
Building materials
Stucco
Architectural style
Other
Buildings
1
Listing Agency:
McEnery Residential, LLC (MCEN02)
(504) 605-4400
Listed By:
Neil J Maki · License #995701923
(504) 982-1115
Added: Sep 14
Changed: Oct 24
Last Checked: Oct 25 at 1:06PM
MLS# 2576591
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 3,087-square-foot duplex at 2308-10 Audubon Street contains two leased apartments with eight bedrooms in total. Built in 1928, the building has stucco construction, hardwood floors, built-ins, central heating and air conditioning, and a front sunroom in the lower apartment. Refrigerators, washers, and dryers remain. The property also has off-street parking and a rear parking area.
Both units are leased, and the property has an 8.30% current CAP rate. Tenants pay electricity, water, and gas. HVAC systems were replaced in 2024, and plumbing improvements were completed in 2026. The location is in New Orleans’ Uptown university area, near Tulane and Loyola Universities, with access to downtown, Mid-City, Carrollton, and Uptown amenities.
Both units are leased, and the property has an 8.30% current CAP rate. Tenants pay electricity, water, and gas. HVAC systems were replaced in 2024, and plumbing improvements were completed in 2026. The location is in New Orleans’ Uptown university area, near Tulane and Loyola Universities, with access to downtown, Mid-City, Carrollton, and Uptown amenities.
Key Highlights
- 3,087‑square‑foot duplex with 8 bedrooms
- Both apartments currently leased; 8.30% current CAP rate
- HVAC systems replaced in 2024; plumbing improvements completed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,089
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,780
$781.8K
Cap Rate 7%
$558,414
$558.4K
Cap Rate 9%
$434,322
$434.3K
Market Conditions
NOI Build-Up for 3,087 SF
Gross rent
$61.1K $19.80/SF
− Vacancy
−$5.3K −$1.71/SF
EGI
$55.8K $18.09/SF
− OpEx
−$16.8K −$5.43/SF
NOI
$39.1K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,780
Cap Rate 7%
$558,414
Cap Rate 9%
$434,322
Alternative Uses
Best Use
Multifamily LT 5
$558.4K
$488.6K – $651.5K
NOI $39,089 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$513.3K
$449.1K – $598.8K
NOI $35,929 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$784.6K
$686.5K – $915.4K
NOI $54,923 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are leased and offer tenant-paid utilities, central HVAC, and a front sunroom in the lower unit.
Where is this duplex located?
The property is located at 2308-10 AUDUBON Street New Orleans, LA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 3,087‑square‑foot duplex with 8 bedrooms; Both apartments currently leased; 8.30% current CAP rate; HVAC systems replaced in 2024; plumbing improvements completed in 2026
