$595,000

Duplex In New Orleans

  • 8 Beds
  • 4 Baths
  • 3,087 Sqft
  • Updated: September 15
  • Source:
    Gulf South Real Estate Information Network (GSREIN)  MLS#2576591

About the Property

FULLY RENTED. Prime Uptown university-area investment opportunity just minutes from Tulane and Loyola Universities. This spacious duplex offers a total of 8 bedrooms and an attractive 8.30% current CAP rate with gross annual rental income of $64,008. Both units are currently leased, with no vacancy during the sellers’ three years of ownership. Tenants have typically included graduate students and
FULLY RENTED. Prime Uptown university-area investment opportunity just minutes from Tulane and Loyola Universities. This spacious duplex offers a total of 8 bedrooms and an attractive 8.30% current CAP rate with gross annual rental income of $64,008. Both units are currently leased, with no vacancy during the sellers’ three years of ownership. Tenants have typically included graduate students and young professionals.

Both HVAC systems were replaced in 2024, and major plumbing improvements were completed in 2026. The property features hardwood floors, charming built-ins, comfortable living spaces, and off-street parking with a freshly poured driveway and rear parking area for several vehicles. The lower unit includes a welcoming front sunroom.

Tenants are responsible for electricity, water, and gas, providing an efficient ownership structure with all utilities paid by tenants. Refrigerators, washers, and dryers will remain with the property.

Additional upside may exist through increased rental income by utilizing the fourth bedroom in the upstairs unit as an additional rentable bedroom, subject to applicable requirements and approvals. Ideally located in the popular Uptown University area with convenient access to Tulane, Loyola, Carrollton, Uptown amenities, downtown, Mid-City, and major commuter routes. An excellent opportunity for investors seeking strong current cash flow with additional rental upside in a highly desirable New Orleans location.
  • Property type

    House

  • Floors

    2

  • Year built

    1928

  • Price/sqft

    $192

Features

  • Duplex
  • Investment Property
  • Washer Dryer
  • Parking

Explore the Area

2308-10 AUDUBON Street, New Orleans, Louisiana, United States View on Google Maps
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McEnery Residential, LLC - New Orleans

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McEnery Residential, LLC - New Orleans
Louisiana, United States
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38
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2025
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McEnery Residential, LLC - New Orleans
New Orleans, Louisiana, United States
View agency profile
Last updated
September 15
First listed
Sep 15
Listing reference
2576591
Listing status
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