Duplex with Gated
For Sale
$435,000
2724-26 UPPERLINE Street, New Orleans, LA 70115
Both apartments have two bedrooms, one bathroom, updated kitchens, and separate indoor living and dining areas.
Property Size1,792 SF
Price / SF$242.75
Days on Market152
Property Features for 2724-26 UPPERLINE Street
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Duplex
Site & Location
Neighborhood
Freret
Road Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
gated off-street parking
front balcony
front porches
fenced yard
detached backyard storage
Building Details
Building Size
1,792 SF
Year Built
1939
Buildings
1
Listing Agency:
Realty One Group Immobilia
Listed By:
Richard Briseno · License #995692712
(504) 628-0391
Source:
Joliburrell
Added: Jun 1
Changed: Oct 26
Last Checked: Oct 26 at 2:18PM
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 Realty One Group Immobilia
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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 1,792-square-foot duplex, built in 1939, contains two apartments, each with two bedrooms and one full bathroom. Renovations include updated kitchens and baths, recessed lighting, and distinct finish packages. The upper residence has hardwood flooring, exposed brick, a front balcony, stainless steel appliances, and a glass-enclosed shower. The lower apartment features generous living and dining space, wood cabinetry, granite counters, stainless appliances, and chandeliers.
Outside, the property includes gated off-street parking for multiple vehicles, a wide driveway, fenced yard, front porches, and detached storage. Freret Street restaurants, shops, universities, and entertainment are steps away, with access to Uptown and Downtown New Orleans.
Outside, the property includes gated off-street parking for multiple vehicles, a wide driveway, fenced yard, front porches, and detached storage. Freret Street restaurants, shops, universities, and entertainment are steps away, with access to Uptown and Downtown New Orleans.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- 1,792 square feet; built in 1939
- Gated off‑street parking for multiple vehicles and a wide driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,403
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,060
$308.1K
Cap Rate 7%
$220,043
$220.0K
Cap Rate 9%
$171,144
$171.1K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$24.1K $13.44/SF
− Vacancy
−$2.1K −$1.16/SF
EGI
$22.0K $12.28/SF
− OpEx
−$6.6K −$3.68/SF
NOI
$15.4K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,060
Cap Rate 7%
$220,043
Cap Rate 9%
$171,144
Alternative Uses
Best Use
Multifamily LT 5
$220.0K
$192.5K – $256.7K
NOI $15,403 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$195.1K
$170.7K – $227.6K
NOI $13,654 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$472.8K
$413.7K – $551.6K
NOI $33,095 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have two bedrooms, one bathroom, updated kitchens, and separate indoor living and dining areas.
Where is this duplex located?
The property is located at 2724-26 UPPERLINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; 1,792 square feet; built in 1939; Gated off‑street parking for multiple vehicles and a wide driveway
