Modern Two-Unit
For Sale
$295,000
1323-25 Deslonde Street, New Orleans, LA 70117
Each residence includes two bedrooms, two full baths, and central climate control.
Property Size1,807 SF
Price / SF$163.25
Days on Market478
Property Features for 1323-25 Deslonde Street
General Information
Standard status
Active
Size
1,807 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Amenities
Central Air
Central
1
4
Other
Pillar/Post/Pier
HardiPlank Type
Porch
Building Details
Year Built
2022
Listing Agency:
eXp Realty, LLC
Listed By:
Frank Williams · License #000001700
(985) 326-1858
Source:
Compass
Added: Jun 30, 2025
Changed: Oct 10
Last Checked: Oct 19 at 8:29AM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 2022, this two-unit duplex at 1323-25 Deslonde Street provides a consistent layout on both sides, with two bedrooms and two full bathrooms per residence. Interior finishes include real wood flooring, while central air and heat support year-round comfort. Tankless gas water heaters add an energy-efficient hot-water system, and off-street parking is included. The exterior features HardiePlank siding, a porch, and pillar/post/pier construction.
The property is located in New Orleans’ Lower Ninth Ward, a community recognized for its African American history and ongoing reinvestment. The Lower Ninth Ward Living Museum is nearby, with access to the French Quarter and downtown New Orleans also noted. The duplex configuration supports separate residential occupancy within a single property.
The property is located in New Orleans’ Lower Ninth Ward, a community recognized for its African American history and ongoing reinvestment. The Lower Ninth Ward Living Museum is nearby, with access to the French Quarter and downtown New Orleans also noted. The duplex configuration supports separate residential occupancy within a single property.
Key Highlights
- Two‑unit configuration with 2 bedrooms and 2 full bathrooms on each side
- Built in 2022
- Off‑street parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,881
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,620
$457.6K
Cap Rate 7%
$326,871
$326.9K
Cap Rate 9%
$254,233
$254.2K
Market Conditions
NOI Build-Up for 1,807 SF
Gross rent
$35.8K $19.80/SF
− Vacancy
−$3.1K −$1.71/SF
EGI
$32.7K $18.09/SF
− OpEx
−$9.8K −$5.43/SF
NOI
$22.9K $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 Rate 5%
$457,620
Cap Rate 7%
$326,871
Cap Rate 9%
$254,233
Alternative Uses
Best Use
Multifamily LT 5
$326.9K
$286.0K – $381.4K
NOI $22,881 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$300.4K
$262.9K – $350.5K
NOI $21,031 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$459.3K
$401.9K – $535.8K
NOI $32,150 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
580
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, two full baths, and central climate control.
Where is this duplex located?
The property is located at 1323-25 Deslonde Street New Orleans, LA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two‑unit configuration with 2 bedrooms and 2 full bathrooms on each side; Built in 2022; Off‑street parking included
