Duplex with Hardwood
New
For Sale
$399,000
2319 Lowerline Street, New Orleans, LA 70118
Multifamily, New Orleans, LA
Property Size3,008 SF
Lot Size0.12 Acres
Price / SF$132.65
Days on Market2
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 2, Bedroom 6, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 3, Bathroom 5
Parking
3
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Interior features
High Ceilings
Exterior features
Private Yard, Storage, Rain Gutters
Appliances
Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
Subdivision
Friburg
Lot features
Level
Elementary school district
Orleans Parish
Middle school district
Orleans Parish
High school district
Orleans Parish
Directions
https://maps.app.goo.gl/AqDUPj6u3hYjFBWT7
Standard status
Active
APN
2319-LOWERLINEST
Size
3,008 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
Tax Annual Amount
7232
Legal Description
Friburg Sq 56 Lot 18 Pt 17 Lowerline 44 X 123 2319-21 Lowerline Dup-W File #77640 6/98
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1921
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Wood Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Mary E Danna · License #995689808
(504) 517-6533
Added: Oct 29
Last Checked: Oct 30 at 6:06AM
MLS# 200HQT
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.
Built in 1921, this two-unit property has hardwood and tile flooring, high ceilings, central heating and air, and laundry hookups. Each unit is described as livable, with an open layout and natural light. The property is being offered as-is, and the seller will not make repairs. Exterior features include a porch, private yard, storage, rain gutters, and driveway and off-street parking.
The 0.12-acre property is in Uptown New Orleans, near Tulane University, Audubon Park, and the St. Charles Streetcar. It is in Flood Zone X and has public water and sewer service.
The 0.12-acre property is in Uptown New Orleans, near Tulane University, Audubon Park, and the St. Charles Streetcar. It is in Flood Zone X and has public water and sewer service.
Key Highlights
- Duplex built in 1921
- 0.12‑acre property in Uptown New Orleans
- Both units have open layouts, hardwood floors, central air and heat, and laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,010
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,200
$700.2K
Cap Rate 7%
$500,143
$500.1K
Cap Rate 9%
$389,000
$389.0K
Market Conditions
NOI Build-Up for 3,008 SF
Gross rent
$70.0K $23.28/SF
− Vacancy
−$6.4K −$2.12/SF
EGI
$63.7K $21.16/SF
− OpEx
−$28.6K −$9.52/SF
NOI
$35.0K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,200
Cap Rate 7%
$500,143
Cap Rate 9%
$389,000
Alternative Uses
Best Use
Multifamily LT 5
$544.1K
$476.1K – $634.8K
NOI $38,089 @ 7.0% cap · market cap 9.55%
Second Best
Apartment 5plus
$500.1K
$437.6K – $583.5K
NOI $35,010 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$764.5K
$669.0K – $892.0K
NOI $53,517 @ 7.0% cap · market cap 13.41%
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 - Both units have open layouts, central heating and air, and laundry hookups.
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 $399,000.
What are key features of this property?
This property features: Duplex built in 1921; 0.12‑acre property in Uptown New Orleans; Both units have open layouts, hardwood floors, central air and heat, and laundry hookups
