Renovated Duplex with Deep
1323 Kentucky Street New Orleans, LA 70117
1323 Kentucky Street, New Orleans, LA, 70117
$375,000
For Sale
$375,000
Side-by-side duplex renovated in 2022, offering two bedrooms per unit, utility storage rooms, and 10-foot ceilings.
Property Size2,154 SF
Lot Size0.10 Acres
Price / SF$174.09
Days on Market136
Property Features for 1323 Kentucky Street
General Information
- Standard status
- Active
- Size
- 2,154 SF
- Lot size
- 0.10 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1920
Listing agency
Witry Collective, L. L. C.
(504) 919-8585
Listed by
Katie Witry · License #995710150
(504) 919-8585
Source
Nolalivingrealty
Added: Mar 9 Updated: Jul 21 at 5:04PM Checked: Jul 22 at 6:05AM
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 Witry Collective, L. L. C.
Investment Insights
Based on property information with market context.
This side-by-side duplex was renovated upon purchase in 2022 and is set up with two bedrooms and one bathroom on each side. Each unit also includes utility rooms that provide additional storage. The property has 10-foot ceilings and a deep porch that runs the full length of the front of the building. The most recent improvement noted is a new roof installed in 2022.
The home is located in a hidden area of Bywater between Poland Avenue and the Industrial Canal. It is described as walkable to St. Claude and the River, with easy access to I-10, New Orleans East, Downtown, and St. Bernard Parish.
The lot is described as 35 x 125, and the property is in flood zone X. Zoning is HU-RD2 (Historic Urban Two-Family Dwellings). The listing notes the property is currently owner-occupied with the other side operating as a 30-day rental, and that it is being sold furnished except for personal belongings. Each side is listed as 1,077 square feet.
The home is located in a hidden area of Bywater between Poland Avenue and the Industrial Canal. It is described as walkable to St. Claude and the River, with easy access to I-10, New Orleans East, Downtown, and St. Bernard Parish.
The lot is described as 35 x 125, and the property is in flood zone X. Zoning is HU-RD2 (Historic Urban Two-Family Dwellings). The listing notes the property is currently owner-occupied with the other side operating as a 30-day rental, and that it is being sold furnished except for personal belongings. Each side is listed as 1,077 square feet.
Key Highlights
- Side‑by‑side double (duplex) renovated upon purchase in 2022
- Each side has 2 bedrooms, 1 bath, plus utility rooms for storage; each side is 1,077 sq. ft.
- Beloved deep porch runs the length of the front of the house
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 | $42.6k | $19.80 |
| − Vacancy | −$3.7k | −$1.71 |
| EGI | $39.0k | $18.09 |
| − OpEx | −$11.7k | −$5.43 |
| NOI | $27.3k | $12.66 |
2,154 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$389.6K
$340.9K – $454.6K
NOI $27,275 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$358.1K
$313.4K – $417.8K
NOI $25,070 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$547.5K
$479.0K – $638.7K
NOI $38,323 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Side-by-side duplex renovated in 2022, offering two bedrooms per unit, utility storage rooms, and 10-foot ceilings.
Where is this duplex located?
The property is located at 1323 Kentucky Street New Orleans, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Side‑by‑side double (duplex) renovated upon purchase in 2022; Each side has 2 bedrooms, 1 bath, plus utility rooms for storage; each side is 1,077 sq. ft.; Beloved deep porch runs the length of the front of the house
