Address: 2308-10 Audubon Street, New Orleans, LA 70125
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.
Price: $595,000 | $192.74 PSF
GBA: +/- 3,087 SF
Site Size: 40′ x 120′ | +/- 4,800 SF
Property Type: Duplex | 2 Units
Unit Mix: Two (2) 4-Bedroom Units
Current Rent: $5,334/Month | $64,008/Year
CAP Rate: 8.30%
For further listing details or to schedule a showing please contact Jonathan Maki 504-982-1115, Brent Talavera 228-861-2623 or Samir Sehic 940-297-7015.