For Sale
$375,000
2817-23 Upperline Street, New Orleans, LA 70115
Duplexes
Property Size2,314 SF
Price / SF$162.06
Days on Market206
Property Features for 2817-23 Upperline Street
General Information
Standard status
Active
Size
2,314 SF
Property subtype
Land / Unimproved Land
Zoning
HU-RD2
Site & Location
Neighborhood
Freret
Amenities
Central Air
Central
2
6
on-site
Chain Link, Wood
Building Details
Year Built
1920
Listing Agency:
eXp Realty, LLC
Listed By:
Eileen Theresa Connors Boh · License #995707154
(504) 508-0796
Source:
Compass
Added: Apr 7
Changed: Oct 25
Last Checked: Oct 28 at 10:57AM
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 eXp Realty, LLC
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,889
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,780
$397.8K
Cap Rate 7%
$284,129
$284.1K
Cap Rate 9%
$220,989
$221.0K
Market Conditions
NOI Build-Up for 2,314 SF
Gross rent
$31.1K $13.44/SF
− Vacancy
−$2.7K −$1.16/SF
EGI
$28.4K $12.28/SF
− OpEx
−$8.5K −$3.68/SF
NOI
$19.9K $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%
$397,780
Cap Rate 7%
$284,129
Cap Rate 9%
$220,989
Alternative Uses
Best Use
Multifamily LT 5
$284.1K
$248.6K – $331.5K
NOI $19,889 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$251.9K
$220.4K – $293.9K
NOI $17,631 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$610.5K
$534.2K – $712.3K
NOI $42,735 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Location Intelligence
Trade Area within ½ mile
1,617
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
Where is this duplex located?
The property is located at 2817-23 Upperline Street New Orleans, LA.
What is the asking price?
The asking price for this property is $375,000.
