2319 LOWERLINE Street, New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
- Added:
- Jun 4, 2026
- Days on Market:
- 21
- Last Refresh:
- Jun 24 at 11:06 pm
Property Features for 2319 LOWERLINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Exterior features
- Porch
- 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
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1921
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Mary Danna License #995689808 (504) 669-8822
Listing office KELLER WILLIAMS REALTY 455-0100 3500 N Causeway Blvd Suite 350, Metairie, LA (504) 455-0100
Listing date Jun 4, 2026
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.
HighLights
- Freshly updated duplex on a large lot in Flood Zone X
- Each unit occupies its own level, offering privacy and flexible living arrangements
- Central heat and central air provide year‑round comfort in both units
- Open floor plans with wood floors and natural light in both residences
- Laundry hookups for each unit plus off‑street parking via driveway
- Spacious backyard includes a storage shed
Overview
The property sits on a large lot in Flood Zone X. It is located in the University Area, just minutes from Tulane University and Loyola University, as well as Audubon Park. Daily convenience is supported by the nearby shops and restaurants along Maple Street.
This setup can suit a range of buyers looking for a duplex with modern updates and straightforward unit separation. Each unit’s level-based configuration, combined with central HVAC, open floor plans, and dedicated laundry hookups, supports comfortable independent living. The outdoor space and storage shed add practical value, while the off-street driveway helps reduce parking friction.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.7k | $19.80 |
| − Vacancy | −$5.4k | −$1.71 |
| EGI | $57.3k | $18.09 |
| − OpEx | −$17.2k | −$5.43 |
| NOI | $40.1k | $12.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.117048
- Latitude
- 29.952201
