Shotgun Duplex with
1224-26 Mazant Street New Orleans, LA 70117
1224-26 Mazant Street, New Orleans, LA, 70117
$259,000
For Sale
$259,000
Two vacant units feature front porches, inside laundry, mini-splits, and a large shared backyard plus a separate courtyard.
Property Size1,376 SF
Price / SF$188.23
Days on Market240
Property Features for 1224-26 Mazant Street
General Information
- Standard status
- Active
- Size
- 1,376 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1923
Listing agency
Compass Uptown (LATT07)
(504) 723-8057
Listed by
Michelle Sartor · License #000011843
(504) 723-8057
Source
Compass
Added: Nov 25, 2025 Updated: Jul 22 at 2:08PM Checked: Jul 22 at 2:08PM
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 Uptown (LATT07)
Investment Insights
Based on property information with market context.
This New Orleans–style shotgun duplex offers two separate sides, each with a front porch and inside laundry, plus a large shared backyard and a separate shady courtyard with tropical landscaping. 1224 is currently vacant and features hardwood floors, working transoms, and a large eat-in kitchen, with a washer/dryer included. 1226 is currently vacant and offers an open concept layout with column/bookcases and ceramic tile kitchen countertops, highlighted by new bathroom updates completed March 2026, including a new shower, flooring, vanity, and window, along with newly completed laundry hook-ups.
Both sides are equipped with newer air/heat mini-splits. The property is described as located in a hip neighborhood with easy access to the French Quarter and nearby Bywater dining, coffee shops, and Crescent Park/Dog Park.
Each unit maintains its own interior configuration while sharing outdoor space, including the courtyard area designed for separate, outdoor entertaining.
Both sides are equipped with newer air/heat mini-splits. The property is described as located in a hip neighborhood with easy access to the French Quarter and nearby Bywater dining, coffee shops, and Crescent Park/Dog Park.
Each unit maintains its own interior configuration while sharing outdoor space, including the courtyard area designed for separate, outdoor entertaining.
Key Highlights
- New Orleans‑style shotgun double (2 units), built in 1923
- Both sides offer front porch, inside laundry, and newer air/heat mini‑splits
- Large shared backyard plus a separate shady courtyard area with tropical landscaping
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 | $27.2k | $19.80 |
| − Vacancy | −$2.4k | −$1.71 |
| EGI | $24.9k | $18.09 |
| − OpEx | −$7.5k | −$5.43 |
| NOI | $17.4k | $12.66 |
1,376 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$248.9K
$217.8K – $290.4K
NOI $17,424 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$228.8K
$200.2K – $266.9K
NOI $16,015 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$349.7K
$306.0K – $408.0K
NOI $24,481 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two vacant units feature front porches, inside laundry, mini-splits, and a large shared backyard plus a separate courtyard.
Where is this duplex located?
The property is located at 1224-26 Mazant Street New Orleans, LA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: New Orleans‑style shotgun double (2 units), built in 1923; Both sides offer front porch, inside laundry, and newer air/heat mini‑splits; Large shared backyard plus a separate shady courtyard area with tropical landscaping
