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538 40 Lowerline Street

New Orleans, LA 70118

6 beds
5 baths
3,200 sqft
$280 per sqft
1926 build

This two-unit, fully leased property is an ideal investment in the heart of Uptown New Orleans! Offering a total of 6 bedrooms and 5 bathrooms, this income-generating property combines historic charm with modern updates, just minutes from Audubon Park, Tulane and Loyola Universities, and Magazine Street. Each unit features spacious living and dining areas, hardwood floors, high ceilings, and well-appointed kitchens. The primary unit includes a luxurious suite with a walk-in closet and spa-inspired bath. Outdoors, a landscaped yard offers versatile outdoor living space. With ample square footage an off-street parking featuring a carport, plus a fantastic location, this one is hard to beat!

Listing courtesy of GSREIN / Upper Management Realty, LLC

Last checked: Checking… • Last updated Nov 22, 2024 •

MLS# 2475966 —

The Building

Year Built:

1926
Architectural Style:

Traditional
Building Area Source:

Measured
Roof:

Shingle
Foundation:

Slab
Levels:

Two
Stories:

2

Interior

Living Area:

3200
Living Area Source:

Measured
Laundry Features:

In Unit

Financial & Terms

Home Warranty:

No

Location

Cross Street:

Pearl, St. Charles

The Property

Property Type:

Residential Income
Property Subtype Additional:

Duplex
Property Subtype:

Duplex
Property Condition:

Excellent
Lot Features:

Corner Lot, City Lot
Lot Size Dimensions:

48/36x80/81

Listing Agent

Contact info:

Taxes

Tax Legal Description:

1. SQ 59 LOT A PEARL & 2. LOWERLINE 48-36 X 80-81 7 3. 538-40 LOWERLINE,7400-02 4. PEARL

Beds

Bedrooms Total:

6

Baths

Full Baths:

5

The Listing

Current Price:

$899,000
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

Yes
Cooling:

Central Air
Cooling:

Yes

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Pool Features:

None

Parking

Carport:

Yes
Parking Features:

Carport, Off Street

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Sale history

Date	Event	Source	Price	% Change
11/22/24 Nov 22, 2024	Listed / Active	GSREIN	$899,000	162.5% (13.6% / YR)
12/18/12 Dec 18, 2012		GSREIN	$342,500

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This multifamily located in Uptown and Carrollton, New Orleans, LA 70118 is currently for sale for $899,000. 538 40 Lowerline Street is a 3,200 square foot multifamily with 6 beds and 5 baths. 538 40 Lowerline Street is in the Uptown and Carrollton neighborhood of New Orleans. This multifamily is in the attendance area of Benjamin Franklin Elementary School, Ben Franklin Elementary Math Science, Moton Charter School, Edna Karr High School, New Orleans Charter Science And Math School, Lusher Charter School, Hynes Charter School, Bard High School Early College New Orleans, Mcdonough 35 Senior High School, and Bethune Elementary School.

Listing Courtesy of: GSREIN and Upper Management Realty, LLC. Data displayed here has not been verified by Estately. Disclaimers