Duplex with Attached
For Sale
$825,000
2848 50 Grand Route Saint John Street, New Orleans, LA 70119
A separate-entry one-bedroom apartment offers flexible space alongside the two-bedroom main residence.
Property Size2,270 SF
Price / SF$363.44
Days on Market39
Property Features for 2848 50 Grand Route Saint John Street
General Information
Standard status
Active
Size
2,270 SF
Property subtype
Multi Family Home
Site & Location
Neighborhood
Bayou St. John
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
security system
closed-circuit cameras
elevated deck
Balcony
Fence
Building Details
Building Size
2,270 SF
Year Built
1905
Buildings
1
Stories
1
Listing Agency:
McEnery Residential, LLC
(504) 605-4400
Listed By:
Sarah Martzolf · License #37928
(504) 261-5654
Source:
Donaldjulienrealestate
Added: Sep 21
Changed: Oct 26
Last Checked: Oct 26 at 3:33PM
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 McEnery Residential, LLC
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Investment Insights
Based on property information with market context.
This 2,270 SF property includes an 1,802 SF main residence and a 468 SF attached apartment. The main home has two bedrooms, two bathrooms, a home office, double parlors, and a remodeled kitchen with a 36-inch La Cornue range, Thermador refrigerator/freezer, dishwasher, beverage center, and Bosch speed oven. The primary suite includes a walk-in closet and updated bath finishes. Original architectural elements remain, alongside refinished wood floors, updated systems, and custom window treatments. The apartment has its own entrance, one bedroom, one bathroom, a kitchen, appliances, and a washer and dryer; it can also be connected to the main home.
The roof was replaced in 2022, and HVAC systems were replaced in 2026 and 2022. A rebuilt elevated deck dates to 2025. The property also has a security system and closed-circuit cameras. Low-maintenance turf and landscaping are on site.
The home is a short distance from the Fair Grounds and Jazz Fest, with restaurants and everyday services along Esplanade Avenue and near Bayou St. John.
The roof was replaced in 2022, and HVAC systems were replaced in 2026 and 2022. A rebuilt elevated deck dates to 2025. The property also has a security system and closed-circuit cameras. Low-maintenance turf and landscaping are on site.
The home is a short distance from the Fair Grounds and Jazz Fest, with restaurants and everyday services along Esplanade Avenue and near Bayou St. John.
Key Highlights
- 2,270 SF under roof: 1,802 SF main residence and 468 SF attached apartment
- Main residence offers 2 bedrooms, 2 baths, a home office, and double parlors
- Apartment has a separate entrance, 1 bedroom, 1 bathroom, kitchen appliances, and washer and 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A separate-entry one-bedroom apartment offers flexible space alongside the two-bedroom main residence.
Where is this duplex located?
The property is located at 2848 50 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: 1,802 SF main residence and 468 SF attached apartment; Main residence offers 2 bedrooms, 2 baths, a home office, and double parlors; Apartment has a separate entrance, 1 bedroom, 1 bathroom, kitchen appliances, and washer and dryer
