Contemporary Duplex with
For Sale
$349,000
1925 ALABO Street, New Orleans, LA 70117
Multi-Family, Contemporary, New Orleans, LA
Property Size2,398 SF
Lot Size0.08 Acres
Price / SF$145.54
Days on Market21
Property Features for 1925 ALABO Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Porch
Lot features
Regular
Standard status
Active
APN
39W502910
Size
2,398 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
SQ 961 LOT 7 ALABO 30 X 107 OVER 111
Legal Description
SQ 961 LOT 7 ALABO 30 X 107 OVER 111
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
stainless steel appliances
washer/dryer hookups
high ceilings
Building Details
Year built
2022
Floors in Building
2
Number of units
1
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
AT Home Realty Group
(504) 352-6063
Listed By:
Andrea Tyler · License #995685551
(504) 352-6063
Added: Aug 11
Changed: Aug 26
Last Checked: Aug 31 at 6:06PM
MLS# 2568260
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2022, this contemporary duplex contains 2,398 square feet in a two-story configuration. The property includes stainless steel kitchen appliances, washer/dryer hookups, high ceilings, a porch, driveway parking, central heating, and central air conditioning. Public water service and a shingle roof complete the core property features.
One unit is currently leased, while the downstairs unit is vacant. The property occupies a 0.0751-acre lot at 1925 Alabo Street in New Orleans, Louisiana. Its duplex configuration provides separate residential spaces within a recently constructed building.
One unit is currently leased, while the downstairs unit is vacant. The property occupies a 0.0751-acre lot at 1925 Alabo Street in New Orleans, Louisiana. Its duplex configuration provides separate residential spaces within a recently constructed building.
Key Highlights
- 2,398‑square‑foot contemporary duplex built in 2022
- Two‑story building on a 0.0751‑acre lot
- One unit leased; downstairs unit currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,365
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$607,300
$607.3K
Cap Rate 7%
$433,786
$433.8K
Cap Rate 9%
$337,389
$337.4K
Market Conditions
NOI Build-Up for 2,398 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.5K $19.80/SF
− Vacancy
−$4.1K −$1.71/SF
EGI
$43.4K $18.09/SF
− OpEx
−$13.0K −$5.43/SF
NOI
$30.4K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$607,300
Cap Rate 7%
$433,786
Cap Rate 9%
$337,389
Alternative Uses
Best Use
Multifamily LT 5
$433.8K
$379.6K – $506.1K
NOI $30,365 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$398.7K
$348.9K – $465.2K
NOI $27,910 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$609.5K
$533.3K – $711.1K
NOI $42,664 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story layout includes stainless steel appliances, washer/dryer hookups, and central air conditioning.
Where is this duplex located?
The property is located at 1925 ALABO Street New Orleans, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,398‑square‑foot contemporary duplex built in 2022; Two‑story building on a 0.0751‑acre lot; One unit leased; downstairs unit currently vacant
