Tenant-Occupied Duplex with Outdoor
2815-17-28 Broadway Street New Orleans, LA 70118
2815-17-28 Broadway Street, New Orleans, LA, 70118
$585,000
For Sale
$585,000
Duplex with one unit tenant-occupied and the other available, featuring shared outdoor space in an X Flood Zone.
Property Size2,817 SF
Price / SF$207.67
Days on Market301
Property Features for 2815-17-28 Broadway Street
General Information
- Standard status
- Active
- Size
- 2,817 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1944
Listing agency
KELLER WILLIAMS REALTY 455-0100
(504) 300-5179
Listed by
Brittany Picolo · License #995687117
(504) 300-5179
Source
Compass
Added: Sep 25, 2025 Updated: Jul 21 at 9:01PM Checked: Jul 22 at 7:00AM
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 KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
2815-17-28 Broadway Street is a classic New Orleans duplex configured as two separate units with shared outdoor space. The first-floor unit includes 3 bedrooms, 2 full baths, and a half bath, along with a comfortable living area, and it is currently tenant-occupied with immediate rental income of $2,250/month. The upper unit offers 2 bedrooms and 1 full and a half bathroom and is currently open for new ownership or future leasing.
The property is described as being just a block off Audubon Street and in proximity to Tulane University. It is also noted as being in an X Flood Zone, with easy access to shopping, dining, and public transit.
The property is described as being just a block off Audubon Street and in proximity to Tulane University. It is also noted as being in an X Flood Zone, with easy access to shopping, dining, and public transit.
Key Highlights
- Duplex with 5 total bedrooms and 4 total bathrooms (3 full, 1 half)
- Central A/C and central heating; 2‑story construction with asphalt roof
- One unit is tenant‑occupied with $2,250/month rental income; the other unit is available
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 | $55.8k | $19.80 |
| − Vacancy | −$4.8k | −$1.71 |
| EGI | $51.0k | $18.09 |
| − OpEx | −$15.3k | −$5.43 |
| NOI | $35.7k | $12.66 |
2,817 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$509.6K
$445.9K – $594.5K
NOI $35,670 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$468.4K
$409.8K – $546.5K
NOI $32,787 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$716.0K
$626.5K – $835.3K
NOI $50,119 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with one unit tenant-occupied and the other available, featuring shared outdoor space in an X Flood Zone.
Where is this duplex located?
The property is located at 2815-17-28 Broadway Street New Orleans, LA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Duplex with 5 total bedrooms and 4 total bathrooms (3 full, 1 half); Central A/C and central heating; 2‑story construction with asphalt roof; One unit is tenant‑occupied with $2,250/month rental income; the other unit is available
