2319 LOWERLINE Street New Orleans, LA 70118
MULTI_FAMILY - New Orleans, LA
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 25, 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.
Investment Insights
Based on property information with market context.
Located in Uptown New Orleans, the property is described as being just minutes from Tulane University, Audubon Park, and the St. Charles Streetcar, with nearby Uptown amenities. It sits on a lot size identified at approximately 0.1242 acres, providing space for a renovation-focused income strategy or other residential redevelopment goals.
For investors, this duplex provides a straightforward foundation: two units with established interior finishes and core mechanical features already present, plus laundry hookups that can support tenant day-to-day needs after updates. For owner-occupants, the layout can support living in one unit while renovating the other. With the property priced as a fixer-upper and presented as-is, prospective buyers should plan their scope and budget around cosmetic and system improvements needed to bring the units to their desired condition.
Key Highlights
- 1921 duplex with approximately 3,169 SF and an open floor plan layout in both units
- Central heat and central air in both units
- Hardwood floors and natural light in both units
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 |
