Renovated Two-Unit
For Sale
$275,000
2312-14 Aubry Street, New Orleans, LA 70119
Updated income property with porches, fenced outdoor space, and off-street parking.
Property Size1,832 SF
Price / SF$150.11
Days on Market218
Property Features for 2312-14 Aubry Street
General Information
Standard status
Active
Size
1,832 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Amenities
Central Air
Central
2
4
HOOKUPS
Asphalt
Other
Balcony
Slab: Traditional
Concrete, Stucco
Porch
Building Details
Year Built
2001
Listing Agency:
Galiano Realty
Listed By:
Rachel Silvers · License #995694275
(504) 475-4775
Source:
Compass
Added: Mar 17
Changed: Oct 16
Last Checked: Oct 19 at 8:27AM
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 Galiano Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,832-square-foot duplex contains two updated residences, each arranged with an open-concept layout, 2 bedrooms, and 1 bathroom. Interior improvements include butcher block countertops, central air, a new roof, and a new HVAC system. Washer and dryer hookups are provided for both units.
Outdoor features differ by level: the upstairs residence includes stainless steel appliances, a covered front porch, and a large rear porch overlooking the fully fenced backyard. The lower unit offers a covered patio and a driveway for off-street parking. Built in 2001, the property is located at 2312-14 Aubry Street in New Orleans, with access to I-10 and proximity to Downtown, the French Quarter, and area restaurants.
Outdoor features differ by level: the upstairs residence includes stainless steel appliances, a covered front porch, and a large rear porch overlooking the fully fenced backyard. The lower unit offers a covered patio and a driveway for off-street parking. Built in 2001, the property is located at 2312-14 Aubry Street in New Orleans, with access to I-10 and proximity to Downtown, the French Quarter, and area restaurants.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence
- 1,832 square feet with open‑concept layouts
- New roof and new HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,198
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,960
$464.0K
Cap Rate 7%
$331,400
$331.4K
Cap Rate 9%
$257,756
$257.8K
Market Conditions
NOI Build-Up for 1,832 SF
Gross rent
$36.3K $19.80/SF
− Vacancy
−$3.1K −$1.71/SF
EGI
$33.1K $18.09/SF
− OpEx
−$9.9K −$5.43/SF
NOI
$23.2K $12.66/SF
Area
ZIP 70119
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%
$463,960
Cap Rate 7%
$331,400
Cap Rate 9%
$257,756
Alternative Uses
Best Use
Multifamily LT 5
$331.4K
$290.0K – $386.6K
NOI $23,198 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$304.6K
$266.5K – $355.4K
NOI $21,322 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$479.4K
$419.5K – $559.3K
NOI $33,556 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated income property with porches, fenced outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 2312-14 Aubry Street New Orleans, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom in each residence; 1,832 square feet with open‑concept layouts; New roof and new HVAC system
