Gretna Duplex For
1204-1206 23rd Street Gretna, LA 70053
1204-1206 23rd Street, Gretna, LA, 70053
$350,000
For Sale
$350,000
Desirable duplex in Gretna, great for investors or owner-occupants.
Property Size2,062 SF
Price / SF$169.74
Days on Market204
Property Features for 1204-1206 23rd Street
General Information
- Standard status
- Active
- Size
- 2,062 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1980
Listing agency
Fathom Realty LA, LLC
(504) 258-4292
Listed by
Keira Robinson · License #995716784
(504) 258-4292
Source
Compass
Added: Dec 30, 2025 Updated: Jul 10 at 12:14PM Checked: Jul 21 at 8:27AM
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 Fathom Realty LA, LLC
Investment Insights
Based on property information with market context.
This duplex is located in a desirable area and presents an opportunity for investors or owner-occupants. Each side of the duplex includes 3 bedrooms and 1 bathroom. The property is tenant occupied with steady income. It features private parking and separate entrances for each unit. The property is conveniently located near shopping and dining options and is approximately 15 minutes from the New Orleans CBD. The property offers access to schools, police, and fire protection. The property size is 2,062 square feet.
Key Highlights
- Duplex: Ideal for investors or owner‑occupants.
- Each Unit: Features 3 bedrooms and 1 bathroom, providing ample living space.
- Steady Income: Tenant‑occupied units ensure immediate and consistent rental income.
Local 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 | $35.4k | $17.16 |
| − Vacancy | −$3.1k | −$1.48 |
| EGI | $32.3k | $15.68 |
| − OpEx | −$9.7k | −$4.70 |
| NOI | $22.6k | $10.97 |
2,062 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$323.3K
$282.9K – $377.2K
NOI $22,629 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$302.2K
$264.4K – $352.6K
NOI $21,154 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$544.0K
$476.0K – $634.7K
NOI $38,081 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Desirable duplex in Gretna, great for investors or owner-occupants.
Where is this duplex located?
The property is located at 1204-1206 23rd Street Gretna, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex: Ideal for investors or owner‑occupants.; Each Unit: Features 3 bedrooms and 1 bathroom, providing ample living space.; Steady Income: Tenant‑occupied units ensure immediate and consistent rental income.
