Victorian Duplex with Attached
For Sale
$825,000
Pending
2848 GRAND ROUTE SAINT JOHN Street, New Orleans, LA 70119
Multifamily, New Orleans, LA
Property Size2,270 SF
Days on Market34
Property Features for 2848 GRAND ROUTE SAINT JOHN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 3
Directions
Esplanade towards downtown, take LEFT on Grand Route, house on RIGHT
Standard status
Pending
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Multi Units, Central Air
Water source
Public
Amenities
low-maintenance turf and landscaping
elevated deck
security system
closed-circuit cameras
Building Details
Year built
1905
Number of units
2
Building materials
Wood Siding
Architectural style
Victorian
Buildings
1
Listing Agency:
McEnery Residential, LLC (MCEN02)
(504) 605-4400
Listed By:
Sarah E Martzolf · License #000037928
(504) 261-5654
Added: Sep 21
Changed: Oct 23
Last Checked: Oct 24 at 12:06AM
MLS# 2577472
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1905 Victorian property contains 2,270 square feet under roof, arranged as an 1,802-square-foot main residence and a 468-square-foot attached apartment. The house has two bedrooms, two bathrooms and a home office; the apartment offers one bedroom, one bathroom, a kitchen, appliances and a washer and dryer. Its separate entrance supports independent use, while the unit can also be incorporated into the main home. Central heating and air conditioning serve the property.
Original architectural details accompany updated finishes and systems. 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 includes security equipment, landscaped grounds and low-maintenance turf.
The home is a few blocks from the Fair Grounds and Jazz Fest, with restaurants and everyday conveniences along Esplanade Avenue and Bayou St. John nearby. The main residence’s kitchen includes a La Cornue range, Thermador refrigerator/freezer, dishwasher, beverage center and Bosch speed oven; the appliances were installed in 2023.
Original architectural details accompany updated finishes and systems. 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 includes security equipment, landscaped grounds and low-maintenance turf.
The home is a few blocks from the Fair Grounds and Jazz Fest, with restaurants and everyday conveniences along Esplanade Avenue and Bayou St. John nearby. The main residence’s kitchen includes a La Cornue range, Thermador refrigerator/freezer, dishwasher, beverage center and Bosch speed oven; the appliances were installed in 2023.
Key Highlights
- 2,270 SF under roof: 1,802 SF main residence and 468 SF attached apartment
- Main residence has 2 bedrooms, 2 bathrooms and a home office
- Apartment includes 1 bedroom, 1 bathroom, kitchen, appliances, washer and dryer, and a separate entrance
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 unit complements the two-bedroom main residence and can be reconnected to the house.
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: 1,802 SF main residence and 468 SF attached apartment; Main residence has 2 bedrooms, 2 bathrooms and a home office; Apartment includes 1 bedroom, 1 bathroom, kitchen, appliances, washer and dryer, and a separate entrance
