1323 KENTUCKY Street New Orleans, LA 70117
MULTI_FAMILY - New Orleans, LA
- Added:
- Mar 9, 2026
- Days on Market:
- 126
- Last Refresh:
- Jul 12 at 12:06 pm
Property Features for 1323 KENTUCKY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 39W305908
- Size
- 2,154 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- SQ 539 LOT T KENTUCKY 35X125 1321-23 KENTUCKY ST W/FR SGLE 11/RM A/R
Utilities
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Katie Witry License #995710150 (504) 453-2277
Listing office Witry Collective, L.L.C. 3640 Magazine St, New Orleans, LA (504) 291-2022
Listing date Mar 9, 2026
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.
The property is located in a hidden area of Bywater between Poland Avenue and the Industrial Canal, with walkability to St. Claude and the River. Access is described as easy to I-10, New Orleans East, Downtown, and St. Bernard Parish.
Each side totals 1,077 square feet, and the property is listed as being in flood zone X. Zoning is HU-RD2 (Historic Urban Two-Family Dwellings). One side is owner-occupied, and the other side is noted as a 30-day rental.
Key Highlights
- Renovated side‑by‑side double in a hidden Bywater area between Poland Ave and the Industrial Canal
- Two units, each with 2 bedrooms and 1 bath, plus utility/storage rooms; currently owner occupant and the other side is a 30‑day rental
- 10 ft ceilings and a deep porch running the full length of the front of the house (porch features included on both sides)
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 |
