Renovated Duplex with Two
1323-25 Pauline Street New Orleans, LA 70117
1323-25 Pauline Street, New Orleans, LA, 70117
$520,000
For Sale
$520,000
Fully renovated duplex offers two 3-bedroom, 2-bath units with modern finishes and two separate off-street driveways.
Property Size3,580 SF
Price / SF$145.25
Days on Market17
Property Features for 1323-25 Pauline Street
General Information
- Standard status
- Active
- Size
- 3,580 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1948
Listing agency
Brittny McKay Real Estate
(504) 236-5749
Listed by
Brittny McKay · License #995714251
(504) 236-5749
Source
Nolalivingrealty
Added: Jul 6 Updated: Jul 21 at 5:50AM Checked: Jul 22 at 6:57AM
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 Brittny McKay Real Estate
Investment Insights
Based on property information with market context.
This fully renovated duplex was completed in 2026 and is configured to deliver the feel of two separate residences under one roof. The property features two units, each with 3 bedrooms and 2 bathrooms, for a total of 6 bedrooms and 4 bathrooms and approximately 3,580 living square feet. Interior highlights include oversized living spaces, generously sized bedrooms, no carpet throughout, marble countertops, stainless steel appliances, recessed lighting, and a fresh modern design that is move-in ready. One unit also includes a two-story layout for additional privacy and flexibility.
Outside, residents benefit from a large backyard and off-street parking supported by two separate driveways, providing convenient access for both residents and guests. The property is located just minutes from the French Quarter, Frenchmen Street, and the Marigny, with nearby dining and entertainment options.
With two well-appointed residential units and separate driveway access, the duplex offers a practical setup for rental income or multi-generational living within a renovated, low-maintenance layout.
Outside, residents benefit from a large backyard and off-street parking supported by two separate driveways, providing convenient access for both residents and guests. The property is located just minutes from the French Quarter, Frenchmen Street, and the Marigny, with nearby dining and entertainment options.
With two well-appointed residential units and separate driveway access, the duplex offers a practical setup for rental income or multi-generational living within a renovated, low-maintenance layout.
Key Highlights
- Fully renovated in 2026 duplex with two separate 3‑bedroom, 2‑bath units
- Approximately 3,580 living SF total with 6 bedrooms and 4 bathrooms across both units
- Modern interiors with no carpet, marble countertops, stainless steel appliances, and recessed lighting
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 | $70.9k | $19.80 |
| − Vacancy | −$6.1k | −$1.71 |
| EGI | $64.8k | $18.09 |
| − OpEx | −$19.4k | −$5.43 |
| NOI | $45.3k | $12.66 |
3,580 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$647.6K
$566.7K – $755.5K
NOI $45,332 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$595.2K
$520.8K – $694.5K
NOI $41,667 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$909.9K
$796.2K – $1.06M
NOI $63,694 @ 7.0% cap · market cap 12.25%
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 - Fully renovated duplex offers two 3-bedroom, 2-bath units with modern finishes and two separate off-street driveways.
Where is this duplex located?
The property is located at 1323-25 Pauline Street New Orleans, LA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Fully renovated in 2026 duplex with two separate 3‑bedroom, 2‑bath units; Approximately 3,580 living SF total with 6 bedrooms and 4 bathrooms across both units; Modern interiors with no carpet, marble countertops, stainless steel appliances, and recessed lighting
