Duplex with Off-Street
For Sale
$209,000
1123 25 Mazant Street, New Orleans, LA 70117
Each side of this duplex offers two bedrooms and one full bath with off-street parking, sold as-is.
Days on Market230
Property Features for 1123 25 Mazant Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Building Details
Building Size
1,404 SF
Year Built
1910
Tenancy
Multi
Listing Agency:
Compass Kenner (Latt30)
(504) 339-3182
Listed By:
Bianca Bonilla · License #995706073
(504) 339-3182
Source:
Nolalivingrealty
Added: Dec 13, 2025
Changed: Jul 25
Last Checked: Jul 31 at 12:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Kenner (Latt30)
Investment Insights
Based on property information with market context.
This duplex offers a straightforward, income-producing configuration with two bedrooms and one full bath per unit. The property includes convenient off-street parking and a flexible layout suitable for owner-occupants who want to live in one unit while renting the other, or for investors seeking a residential income asset. The sale is being conducted as-is, and all measurements are approximate and should be verified by the buyer and/or buyer’s agent.
Set in New Orleans’ Bywater neighborhood, the home is described as being just blocks from Crescent Park and the dog park. The remarks also cite nearby local destinations and favorites within walking or quick-rides, including The Joint, Malimo Coffee, Jamaican Jerk House, Boka Bikes, Bacchanal Wine, Pizza Delicious, Bywater Bakery, and local art galleries.
The seller notes the price reflects the property’s condition and that the duplex may be purchased as a package with three other nearby properties.
Set in New Orleans’ Bywater neighborhood, the home is described as being just blocks from Crescent Park and the dog park. The remarks also cite nearby local destinations and favorites within walking or quick-rides, including The Joint, Malimo Coffee, Jamaican Jerk House, Boka Bikes, Bacchanal Wine, Pizza Delicious, Bywater Bakery, and local art galleries.
The seller notes the price reflects the property’s condition and that the duplex may be purchased as a package with three other nearby properties.
Key Highlights
- Duplex built in 1910, with each side offering 2 bedrooms and 1 full bath
- Off‑street parking available
- Sold as‑is
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.8k | $19.80 |
| − Vacancy | −$2.4k | −$1.71 |
| EGI | $25.4k | $18.09 |
| − OpEx | −$7.6k | −$5.43 |
| NOI | $17.8k | $12.66 |
1,404 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$254.0K
$222.2K – $296.3K
NOI $17,778 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$233.4K
$204.3K – $272.4K
NOI $16,341 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$356.9K
$312.3K – $416.3K
NOI $24,980 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
879
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 - Each side of this duplex offers two bedrooms and one full bath with off-street parking, sold as-is.
Where is this duplex located?
The property is located at 1123 25 Mazant Street New Orleans, LA.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Duplex built in 1910, with each side offering 2 bedrooms and 1 full bath; Off‑street parking available; Sold as‑is
