Duplex with Vacant Adjacent
2817-19 Upperline Street New Orleans, LA 70115
2817-19 Upperline Street, New Orleans, LA, 70115
$450,000
For Sale
$450,000
Two lots of record totaling a 60' x 220' parcel, with a tenant-occupied Craftsman-era double and an additional vacancy.
Property Size2,314 SF
Price / SF$194.47
Days on Market121
Property Features for 2817-19 Upperline Street
General Information
- Standard status
- Active
- Size
- 2,314 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1920
Listing agency
Keller Williams Realty New Orleans
(504) 756-3133
Listed by
Mike Humphrey · License #995707327
(504) 756-3133
Source
Compass
Added: Mar 24 Updated: Jul 21 at 6:48PM Checked: Jul 22 at 11:07AM
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 New Orleans
Investment Insights
Based on property information with market context.
This offering includes two lots of record sold together: one vacant lot and one improved with a sizable Craftsman-era double. The existing structure has been consistently tenant-occupied, though some electrical and cosmetic updates have been made over time. The home will require a full renovation, or it may be suited for redevelopment into a new configuration.
The property is located at 2817-19 Upperline Street in New Orleans, near Freret Street amenities, universities, and major hospitals.
Inspections are for informational purposes only, and the seller will make no repairs or provide concessions. The duplex and vacant land are also listed as Vacant Land.
The property is located at 2817-19 Upperline Street in New Orleans, near Freret Street amenities, universities, and major hospitals.
Inspections are for informational purposes only, and the seller will make no repairs or provide concessions. The duplex and vacant land are also listed as Vacant Land.
Key Highlights
- 60' x 220' parcel consisting of two lots of record sold together
- Improved property includes a Craftsman‑era double with 6 bedrooms and 2 full bathrooms
- Tenant‑occupied double with on‑site laundry and central heating/central air
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 | $31.1k | $13.44 |
| − Vacancy | −$2.7k | −$1.16 |
| EGI | $28.4k | $12.28 |
| − OpEx | −$8.5k | −$3.68 |
| NOI | $19.9k | $8.60 |
2,314 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$284.1K
$248.6K – $331.5K
NOI $19,889 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$251.9K
$220.4K – $293.9K
NOI $17,631 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$610.5K
$534.2K – $712.3K
NOI $42,735 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two lots of record totaling a 60' x 220' parcel, with a tenant-occupied Craftsman-era double and an additional vacancy.
Where is this duplex located?
The property is located at 2817-19 Upperline Street New Orleans, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 60' x 220' parcel consisting of two lots of record sold together; Improved property includes a Craftsman‑era double with 6 bedrooms and 2 full bathrooms; Tenant‑occupied double with on‑site laundry and central heating/central air
