Craftsman-Era Raised-Basement
2817 UPPERLINE Street New Orleans, LA 70115
For Sale
$425,000
MULTI_FAMILY - New Orleans, LA
Property Size2,314 SF
Lot Size0.15 Acres
Price / SF$183.66
Days on Market126
Property Features for 2817 UPPERLINE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Fence, Porch
Fencing
Fenced
Standard status
Active
APN
614335710
Size
2,314 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
SQ 655 LOT 14 UPPERLINE 30X224 OVER 220 2817-19 UPPERLINE ST DU-RAISED-W FILE #86767 1/04 SALW
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Michael Humphrey · License #995707327
(337) 522-7554
Added: Mar 24
Changed: Jul 11
Last Checked: Jul 27 at 5:06PM
MLS# 2548334
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.
Investment Insights
Based on property information with market context.
This offering includes two lots of record sold together: one vacant parcel and one improved with a sizable Craftsman-era, raised-basement double. The existing structure has been consistently tenant-occupied, with some electrical and cosmetic updates made over time. Despite these updates, the property is expected to require a full renovation or can be pursued for redevelopment.
The combined parcel measures 60' x 220'. The seller notes inspections are for informational purposes only and that no repairs or concessions will be made. While the remarks reference potential new construction townhomes, the seller is listing the improved property as part of the combined parcels.
Also listed as vacant land under MLS #2552181, the lots are not sold separately from the house, and there are separate tax bills for the two parcels.
The combined parcel measures 60' x 220'. The seller notes inspections are for informational purposes only and that no repairs or concessions will be made. While the remarks reference potential new construction townhomes, the seller is listing the improved property as part of the combined parcels.
Also listed as vacant land under MLS #2552181, the lots are not sold separately from the house, and there are separate tax bills for the two parcels.
Key Highlights
- 60' x 220' parcel (220' deep) with two lots of record sold together
- Property includes one vacant lot plus an improved Craftsman‑era double with raised basement
- Existing structure has been consistently tenant‑occupied; inspections are for informational purposes only and seller makes no repairs
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 4.68%
Second Best
Apartment 5plus
$251.9K
$220.4K – $293.9K
NOI $17,631 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$610.5K
$534.2K – $712.3K
NOI $42,735 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Improved duplex on a combined parcel with an additional vacant lot, sold together, with tenant occupancy and renovation needs.
Where is this duplex located?
The property is located at 2817 UPPERLINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 60' x 220' parcel (220' deep) with two lots of record sold together; Property includes one vacant lot plus an improved Craftsman‑era double with raised basement; Existing structure has been consistently tenant‑occupied; inspections are for informational purposes only and seller makes no repairs
