Outstanding Uptown investment opportunity in a premier university-adjacent location. Situated on highly desirable State Street, this duplex is just minutes from Tulane University and Loyola University.
The property features two spacious 4-bedroom, 2-bath units designed to appeal to the area's large student and faculty tenant base. The upstairs unit (2414) is currently leased for $4,160 per month through May 2027, providing immediate income, while the vacant downstairs unit (2412) offers the opportunity to lease at current market rates or accommodate an owner-occupant seeking rental income.
A significant bonus is the FORTIFIED Roof™, which may provide insurance savings while offering enhanced protection and peace of mind.
This property offers an attractive combination of current cash flow and future upside, making this a compelling addition to any investment portfolio. Whether you're a seasoned investor or looking to acquire your first multifamily property, this duplex presents a rare opportunity in one of New Orleans' most sought-after rental corridors.
39 days
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183
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16
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Zillow last checked:
Listing updated:
Listed by:
Brian Shepard504-460-7279,
Satsuma Real Estate LLC504-483-8884
Source: GSREIN,MLS#: 2562046
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4
Heating
Central, Window Unit
Cooling
Central Air, Window Unit(s)
Appliances
Laundry: Common Area
Interior area
Total interior livable area: 3,363 sqft
Property
Parking
Parking features: Covered, Carport, Detached
Has carport: Yes
Features
Levels: Two
Stories: 2
Lot
Size: 5,740 Square Feet
Dimensions: 41 x 140
Features: City Lot, Rectangular Lot
Details
Parcel number: 2412STATEST
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Architectural style: Traditional
Property subtype: Duplex, Multi Family, Multi Family
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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