For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Orleans Double Investment Opportunity Title is generated by Realmo AI

    2815-17 BROADWAY Street, New Orleans, LA 70125

    View on Map
    Claim this Listing
    For Sale
    $585,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    2,817 SF
    Price / SF:
    $207/SF
    Added:
    Sep 26, 2025
    Days on Market:
    260
    Last Refresh:
    Jun 12 at 5:06 am

    Property Features for 2815-17 BROADWAY Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Driveway, Off Street
    Exterior features
    Driveway Permeable Surface
    Standard status
    Active
    APN
    615315006
    Size
    2,817 SF

    Taxes and HOA fees

    Tax Description
    MARLYVILLE SQ 15 LOT 6 BROADWAY 37X120 2815-17 BROADWAY ST DUP-W REDEMPTION FILE #58360-A 3-84

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1944
    Floors in Building
    2
    Number of units
    2
    Roof type
    Asphalt, Shingle
    Architectural style
    French

    We can help!

    Listing Contact
    Brittany Picolo

    Listing agent Brittany Picolo

    Listing office Keller Williams Realty New Orleans 8601 Leake Ave., New Orleans, LA

    Listing date Sep 26, 2025

    MLS# 2523081 Listing URL

    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

    • 1944 French‑style New Orleans double with both units tenant‑ready for owner occupancy or leasing
    • First‑floor unit: 3 bedrooms, 2 full baths and 1 half bath; currently tenant‑occupied at $2,250/month
    • Upper unit: 2 bedrooms with 1 full bath and 1 half bath
    • Located a block off Audubon Street and in proximity to Tulane University; reported in an X Flood Zone
    • Central heating and central A/C; asphalt shingle roof; public water service
    • Off‑street parking with driveway plus shared outdoor space

    Overview

    Located one block from Audubon Street and near Tulane University, this New Orleans double presents an investment opportunity in Uptown, situated in an X Flood Zone. The first-floor unit features a layout with 3 bedrooms, 2 full baths, and a half bath, along with a living area. Currently tenant-occupied, it generates a rental income of $2,250 per month. The second unit, available for new ownership or future leasing, includes 2 bedrooms, 1 full bath, and a half bathroom. The property provides a shared outdoor space and convenient access to shopping, dining, and public transit. With a total size of 2817 square feet, this property on Broadway Street is suitable for investors seeking income-producing property or buyers looking to occupy one unit while renting out the other.

    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 (±1% cap)
    NOI $35,670 @ 7.0% cap · market cap 6.10%
    Second Best
    Apartment 5plus
    $468.4K
    $409.8K – $546.5K (±1% cap)
    NOI $32,787 @ 7.0% cap · market cap 5.60%
    Theoretical Best
    Office A
    $716.0K
    $626.5K – $835.3K (±1% cap)
    NOI $50,119 @ 7.0% cap · market cap 8.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.11261
    Latitude
    29.955435

    FAQs

    What type of property is this?
    Duplex - Classic New Orleans double near Tulane, offering investment potential.
    Where is this duplex located?
    The property is located at 2815-17 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: 1944 French‑style New Orleans double with both units tenant‑ready for owner occupancy or leasing; First‑floor unit: 3 bedrooms, 2 full baths and 1 half bath; currently tenant‑occupied at $2,250/month; Upper unit: 2 bedrooms with 1 full bath and 1 half bath
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message