2308-10 AUDUBON ST, New Orleans, LA 70125
2308-10 AUDUBON ST, New Orleans, LA 70125
2308-10 AUDUBON ST, New Orleans, LA 70125
2308-10 AUDUBON ST, New Orleans, LA 70125
2308-10 AUDUBON ST, New Orleans, LA 70125
2308-10 AUDUBON ST, New Orleans, LA 70125
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Richard Spears Jr

Richard Spears Jr

+1(225) 575-7189
Listed byMcEnery Residential, LLC (MCEN02) • Neil J Maki • 504-605-4400
$ 585,000
Est. payment | /mo

8 Beds

4 Baths

3,087 SqFt

Save Virtual Tour
$ 585,000
Est. payment | /mo
Save Virtual Tour

8 Beds

4 Baths

3,087 SqFt

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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ROAM MLS

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Richard Spears Jr
Richard Spears Jr

Broker / Owner License ID: 995719165

+1(225) 575-7189 | richard@primeproperties225.com

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2308-10 AUDUBON ST