Lower Ninth Ward Modern
1323 DESLONDE Street New Orleans, LA 70117
1323 DESLONDE Street, New Orleans, LA, 70117
$295,000
For Sale
$295,000
MULTI_FAMILY - New Orleans, LA
Property Size1,807 SF
Price / SF$163.25
Days on Market314
Property Features for 1323 DESLONDE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 1323-25 DESLONDE
- Size
- 1,807 SF
Taxes and HOA fees
- Tax Description
- SQ 545 584 LOT 5 DESLONDE 40X106
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 2
- Architectural style
- Other
Listing Agency
eXp Realty, LLC
(337) 522-7554
650 Poydras St, New Orleans, LA
Listed by
Frank Williams · License #000001700
(337) 522-7554
Added: Sep 8, 2025 Checked: Jul 18 at 6:06 am
MLS# 2520676
Listing URL
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Lower Ninth Ward, this double property offers a blend of historic character and modern convenience. Each side of the property features two bedrooms and two full bathrooms, providing privacy and spacious living. A coveted feature in New Orleans, the property includes off-street parking. Central air and heat provide year-round climate control. Real wood floors add a touch of sophistication and warmth to each unit. Tankless gas water heaters provide a continuous supply of hot water while saving on utility bills. The Lower Ninth Ward is a community undergoing a remarkable revitalization, celebrated for its rich African American culture and history. The neighborhood is home to landmarks like the Lower Ninth Ward Living Museum and offers easy access to the historic French Quarter and downtown New Orleans. The property is situated in an area that continues to attract new investment and residents. The property size is 1807 square feet.
Key Highlights
- Built in 2022 double with a classic two‑side layout
- Each side offers 2 bedrooms and 2 full bathrooms for a total of 4 bed/4 bath
- Central heating and central air for year‑round comfort
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 | $35.8k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.7k | $18.09 |
| − OpEx | −$9.8k | −$5.43 |
| NOI | $22.9k | $12.66 |
1,807 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Historic New Orleans double with modern amenities and off-street parking.
Where is this duplex located?
The property is located at 1323 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: Built in 2022 double with a classic two‑side layout; Each side offers 2 bedrooms and 2 full bathrooms for a total of 4 bed/4 bath; Central heating and central air for year‑round comfort
