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2308-10 Audubon Street

New Orleans, LA 70125
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Bed 8

Bed

Bath 4

Bath

SqFt3,087

Sqft

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $595,000

AD Id : 91227283

MLS Id : 2576591

Beds : 8

Living Area Size : 3,087 Sq. Ft

Year Built : 1928

County : Orleans

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Full Baths: 2 Half Baths: 2

    Roofing Information

    Asphalt
  • Interior Features

    Roof: Asphalt
    Laundry Features: InUnit
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1928
    Construction Materials: Stucco
    Stories: 2
    Patio And Porch Features: Porch, Screened
    Pool Features: None
    Private Pool: No
  • Exterior Features

    Exterior Features: EnclosedPorch

  • Lot Information

    Lot Dimensions: 40 x 120 Lot Description: CityLot,RectangularLot

  • Listing Price Information

    Listing Price: $595000

  • Tax Information

    Parcel Number: PT 51 54 Tax Lot: NA Tax Legal Desc: FRIBURG SQ 51-54 LOT A AUDUBON 40X120 2308-10 AUDUBON DUP-W FILE #82775 9/01 FAM TRAN

  • Location Information

    WaterSource: Public
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/22/2026 @ 09:49

MLS: 2576591 LISTED BY: Neil Maki, McEnery Residential, LLC 504-605-4400 SOURCE: NOMAR

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