Victorian Duplex with
For Sale
$825,000
2848 GRAND ROUTE SAINT JOHN Street, New Orleans, LA 70119
Multi-Family, Victorian, New Orleans, LA
Property Size2,270 SF
Price / SF$363.44
Days on Market15
Property Features for 2848 GRAND ROUTE SAINT JOHN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Exterior features
Balcony, Fence
Fencing
Fenced
Lot features
Regular
Subdivision
Bayou Saint John
Standard status
Active
APN
17
Size
2,270 SF
Taxes and HOA fees
Tax Description
SQ 1528 LOT A OR PT 17 GRAND RTE ST JOHN 33 X 125 DBLE/FR 13/RMS C/R 2848-50 GRAND RTE ST JOHN ST
Legal Description
SQ 1528 LOT A OR PT 17 GRAND RTE ST JOHN 33 X 125 DBLE/FR 13/RMS C/R 2848-50 GRAND RTE ST JOHN ST
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
elevated deck
security system
Building Details
Year built
1905
Floors in Building
1
Number of units
2
Roof type
Asphalt, Shingle
Architectural style
Victorian
Listing Agency:
McEnery Residential, LLC
(504) 605-4400
Listed By:
Sarah Martzolf · License #37928
(504) 261-5654
Added: Sep 21
Changed: Oct 5
Last Checked: Oct 5 at 1:06PM
MLS# 2577472
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.
Built in 1905, this Victorian duplex pairs an 1,802-square-foot main residence with a 468-square-foot attached apartment. The primary home includes two bedrooms, two bathrooms, a home office, double parlors, and a remodeled kitchen equipped with a 36-inch La Cornue range, Thermador refrigerator/freezer, dishwasher, beverage center, and Bosch speed oven. The apartment has its own entrance, one bedroom, one bathroom, kitchen appliances, and washer and dryer. It may also be reconnected to the main residence.
Architectural character remains throughout, including refinished wood floors, custom window treatments, designer lighting, and original details. The property has public water, central heating and air conditioning, an asphalt shingle roof, fencing, low-maintenance turf, an elevated deck rebuilt in 2025, and a security system with closed-circuit cameras. The roof was replaced in 2022, while HVAC systems were replaced in 2026 and 2022.
Located at 2848 Grand Route Saint John Street in New Orleans, the home is near Bayou St. John, the Fair Grounds, Jazz Fest, and the restaurants and services along Esplanade Avenue.
Architectural character remains throughout, including refinished wood floors, custom window treatments, designer lighting, and original details. The property has public water, central heating and air conditioning, an asphalt shingle roof, fencing, low-maintenance turf, an elevated deck rebuilt in 2025, and a security system with closed-circuit cameras. The roof was replaced in 2022, while HVAC systems were replaced in 2026 and 2022.
Located at 2848 Grand Route Saint John Street in New Orleans, the home is near Bayou St. John, the Fair Grounds, Jazz Fest, and the restaurants and services along Esplanade Avenue.
Key Highlights
- 2,270 SF under roof with 1,802 SF main residence and 468 SF attached apartment
- Main residence includes 2 bedrooms, 2 baths, and a home office
- Apartment offers a separate entrance, 1 bedroom, 1 bathroom, kitchen, and washer & dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,744
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,880
$574.9K
Cap Rate 7%
$410,629
$410.6K
Cap Rate 9%
$319,378
$319.4K
Market Conditions
NOI Build-Up for 2,270 SF
Gross rent
$44.9K $19.80/SF
− Vacancy
−$3.9K −$1.71/SF
EGI
$41.1K $18.09/SF
− OpEx
−$12.3K −$5.43/SF
NOI
$28.7K $12.66/SF
Area
ZIP 70119
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,880
Cap Rate 7%
$410,629
Cap Rate 9%
$319,378
Alternative Uses
Best Use
Multifamily LT 5
$410.6K
$359.3K – $479.1K
NOI $28,744 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$377.4K
$330.3K – $440.3K
NOI $26,420 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$594.0K
$519.7K – $693.0K
NOI $41,579 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Explore this area
Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-bedroom Victorian residence with a separately entered one-bedroom apartment and updated kitchens, baths, and systems.
Where is this duplex located?
The property is located at 2848 GRAND ROUTE SAINT JOHN Street New Orleans, LA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2,270 SF under roof with 1,802 SF main residence and 468 SF attached apartment; Main residence includes 2 bedrooms, 2 baths, and a home office; Apartment offers a separate entrance, 1 bedroom, 1 bathroom, kitchen, and washer & dryer
