Duplex with Renovation
For Sale
$450,000
2319 LOWERLINE Street, New Orleans, LA 70118
Multifamily, New Orleans, LA
Property Size3,169 SF
Lot Size0.12 Acres
Price / SF$142
Days on Market121
Property Features for 2319 LOWERLINE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
4
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 7, Bedroom 4, Bedroom 3, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
Driveway
Patio and Porch features
Porch
Directions
https://maps.app.goo.gl/XUmrkchDSMMGtRRk6
Standard status
Active
APN
615312910
Size
3,169 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
FRIBURG SQ 56 LOT 18 PT 17 LOWERLINE 44 X 123 2319-21 LOWERLINE DUP-W FILE #77640 6/98
Legal Description
FRIBURG SQ 56 LOT 18 PT 17 LOWERLINE 44 X 123 2319-21 LOWERLINE DUP-W FILE #77640 6/98
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
central air and heat
natural light
laundry hookups
Building Details
Year built
1921
Number of units
2
Building materials
Wood Siding
Architectural style
Other
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Mary E Danna · License #995689808
(504) 517-6533
Added: Jun 25
Changed: Oct 23
Last Checked: Oct 23 at 5:06PM
MLS# 2564599
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 1921 wood-sided duplex contains 3,169 square feet across two units on a 0.1242-acre lot. Both residences have open floor plans, hardwood flooring, central air and heat, natural light, and laundry hookups. The property is being sold as-is, with no repairs by the seller. A porch and driveway are also part of the property.
The duplex is near Tulane University, Audubon Park, the St. Charles Streetcar, and Uptown amenities. It is in Flood Zone X. Public water and sewer serve the property, and natural gas is available.
The duplex is near Tulane University, Audubon Park, the St. Charles Streetcar, and Uptown amenities. It is in Flood Zone X. Public water and sewer serve the property, and natural gas is available.
Key Highlights
- Two‑unit duplex with 3,169 square feet on a 0.1242‑acre lot
- Built in 1921; wood siding
- Both units have open layouts, hardwood floors, central air and heat, and laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,127
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,540
$802.5K
Cap Rate 7%
$573,243
$573.2K
Cap Rate 9%
$445,856
$445.9K
Market Conditions
NOI Build-Up for 3,169 SF
Gross rent
$62.7K $19.80/SF
− Vacancy
−$5.4K −$1.71/SF
EGI
$57.3K $18.09/SF
− OpEx
−$17.2K −$5.43/SF
NOI
$40.1K $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%
$802,540
Cap Rate 7%
$573,243
Cap Rate 9%
$445,856
Alternative Uses
Best Use
Multifamily LT 5
$573.2K
$501.6K – $668.8K
NOI $40,127 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$526.9K
$461.0K – $614.7K
NOI $36,883 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$805.5K
$704.8K – $939.7K
NOI $56,382 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
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Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
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 - Built in 1921, both residences have central air and heat.
Where is this duplex located?
The property is located at 2319 LOWERLINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,169 square feet on a 0.1242‑acre lot; Built in 1921; wood siding; Both units have open layouts, hardwood floors, central air and heat, and laundry hookups
