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Listed byMcEnery Residential, LLC (MCEN02) • Neil J Maki • 504-605-4400
$585,000
Est. payment /mo
8 Beds
4 Baths
3,087 SqFt
Active
230810 AUDUBON ST New Orleans, LA 70125
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Key Details
Property Type Other Types
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,087 sqft
Price per Sqft $189
MLS Listing ID 2576591
Style Traditional
Bedrooms 8
Full Baths 2
Half Baths 2
HOA Y/N No
Year Built 1928
Lot Dimensions 40 x 120
Property Sub-Type Duplex
Source ROAM MLS
Land Area 3087
Property Description
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.
Location
State LA
County Orleans
Interior
Cooling Central Air
Fireplace No
Exterior
Parking Features Off Street, Parking Lot
Garage Spaces 3.0
Utilities Available Natural Gas Available
Total Parking Spaces 3
Garage No
Building
Lot Description Other
Foundation Raised
Water Public
Architectural Style Traditional
New Construction No
Others
Tax ID PT 51 54
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