Renovated Historic Double
2848-50 Dryades Street New Orleans, LA 70115
2848-50 Dryades Street, New Orleans, LA, 70115
$439,000
For Sale
$439,000
Renovated double duplex features two units with 2 bedrooms and 2 full bathrooms each.
Property Size1,824 SF
Price / SF$240.68
Days on Market138
Property Features for 2848-50 Dryades Street
General Information
- Standard status
- Active
- Size
- 1,824 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1964
Listing agency
LATTER & BLUM (LATT18)
(504) 895-4663
Listed by
Sissy Blewster · License #995684180
(504) 895-4663
Source
Compass
Added: Mar 6 Updated: Jul 21 at 7:10AM Checked: Jul 21 at 7:10AM
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 LATTER & BLUM (LATT18)
Investment Insights
Based on property information with market context.
This meticulously renovated historic double duplex has been restored with modern upgrades while preserving original New Orleans character. The property is configured as a double with two separate units, and each unit offers a spacious layout with 2 bedrooms and 2 full bathrooms. Kitchens and bathrooms have been fully renovated with modern finishes paired with classic architectural details, creating move-in-ready interiors.
The property is located three blocks from the St. Charles Avenue streetcar line and Mardi Gras parade route. It’s positioned in a walkable Uptown/Garden District area with nearby coffee shops and restaurants.
With approximately 1,824 square feet, the property provides a practical rental-income configuration for an investor, an owner-occupant, or a house-hack buyer, supported by updated major systems and refreshed unit interiors.
The property is located three blocks from the St. Charles Avenue streetcar line and Mardi Gras parade route. It’s positioned in a walkable Uptown/Garden District area with nearby coffee shops and restaurants.
With approximately 1,824 square feet, the property provides a practical rental-income configuration for an investor, an owner-occupant, or a house-hack buyer, supported by updated major systems and refreshed unit interiors.
Key Highlights
- Renovated historic double (duplex) on 1 story with wood siding and asphalt roof
- Configured as a double with two units; each unit has 2 bedrooms and 2 full bathrooms
- Nearly 2000 SF total living area, offering a spacious layout across both units
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 | $24.5k | $13.44 |
| − Vacancy | −$2.1k | −$1.16 |
| EGI | $22.4k | $12.28 |
| − OpEx | −$6.7k | −$3.68 |
| NOI | $15.7k | $8.60 |
1,824 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$224.0K
$196.0K – $261.3K
NOI $15,678 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$198.5K
$173.7K – $231.6K
NOI $13,897 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$481.2K
$421.1K – $561.4K
NOI $33,686 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated double duplex features two units with 2 bedrooms and 2 full bathrooms each.
Where is this duplex located?
The property is located at 2848-50 Dryades Street New Orleans, LA.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Renovated historic double (duplex) on 1 story with wood siding and asphalt roof; Configured as a double with two units; each unit has 2 bedrooms and 2 full bathrooms; Nearly 2000 SF total living area, offering a spacious layout across both units
