Historic Double Shotgun
For Sale
$280,000
1323 Saint Anthony St, New Orleans, LA 70116
One residence is renovated, while its counterpart remains roughly three-quarters complete under an open building permit.
Property Size2,200 SF
Lot Size0.09 Acres
Price / SF$127.27
Days on Market10
Property Features for 1323 Saint Anthony St
General Information
Standard status
Active
Size
2,200 SF
Lot size
0.09 Acres
Property subtype
Residential Income
Zoning
HMR-2
Property Condition
Severity
Repairs Needed
Evidence
Renovations to be completed by buyer.
Site & Location
Neighborhood
Seventh Ward
Utilities to Site
Yes
Units
Multifamily Units
2
Individually Metered Utilities
electricity, gas
Amenities
central HVAC
in-unit laundry
covered front porch
fenced front yard
deck
courtyard
Building Details
Year Built
1885
Buildings
1
Construction
double shotgun
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Ryan Wentworth · License #000071657
(504) 302-0300
Source:
Exprealty
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 9:09AM
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 REVE, REALTORS
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Investment Insights
Based on property information with market context.
This duplex contains approximately 2,200 square feet across two mirrored residences. One side is finished with double parlors, original fireplace mantels, cypress pocket doors, a spacious kitchen, two bedrooms, one full bath, one half bath, central HVAC, and in-unit laundry. The other side is about 75% complete. Both retain 12-foot ceilings, heart pine flooring, and original moulding. The sewer line has been replaced to the city connection, and the building permit remains open. Separate electric and gas meters serve the property; the roof is approximately 10 to 15 years old.
A covered front porch faces a fenced, landscaped front yard. The 31-by-127-foot lot extends to a rear deck and gravel courtyard. The property is in the New Marigny Historic District, zoned HMR-2, and within walking distance of the French Quarter and Marigny neighborhoods. Robert Fresh Market and Baldwin & Co. are about a six-minute walk away; St. Roch Market is roughly an 11-minute walk.
The property is sold as-is, with renovation work to be completed by the buyer. It will require cash or renovation financing and does not qualify for conventional financing. Historic tax credit qualification and completed Phase 1 and Phase 2 work are noted; buyers should verify tax credit availability and restrictions, along with zoning and permitting.
A covered front porch faces a fenced, landscaped front yard. The 31-by-127-foot lot extends to a rear deck and gravel courtyard. The property is in the New Marigny Historic District, zoned HMR-2, and within walking distance of the French Quarter and Marigny neighborhoods. Robert Fresh Market and Baldwin & Co. are about a six-minute walk away; St. Roch Market is roughly an 11-minute walk.
The property is sold as-is, with renovation work to be completed by the buyer. It will require cash or renovation financing and does not qualify for conventional financing. Historic tax credit qualification and completed Phase 1 and Phase 2 work are noted; buyers should verify tax credit availability and restrictions, along with zoning and permitting.
Key Highlights
- Duplex with approximately 2,200 square feet of living space
- One residence is finished; the other is approximately 75% complete
- Both units feature 12' ceilings, heart pine floors, and original moulding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,605
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,100
$512.1K
Cap Rate 7%
$365,786
$365.8K
Cap Rate 9%
$284,500
$284.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$51.2K $23.28/SF
− Vacancy
−$4.7K −$2.12/SF
EGI
$46.6K $21.16/SF
− OpEx
−$20.9K −$9.52/SF
NOI
$25.6K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,100
Cap Rate 7%
$365,786
Cap Rate 9%
$284,500
Alternative Uses
Best Use
Multifamily LT 5
$398.0K
$348.2K – $464.3K
NOI $27,857 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$365.8K
$320.1K – $426.8K
NOI $25,605 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$559.2K
$489.3K – $652.4K
NOI $39,142 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,835
Businesses Nearby
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Business Placement
Demographics for 70116, LA
10,676
Population
9,620
Households
1.1
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
8,212
Density / Sq Mi
$45,580
Median Household Income
$34,849
Median Earnings
$1,190
Median Rent
$385,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is renovated, while its counterpart remains roughly three-quarters complete under an open building permit.
Where is this duplex located?
The property is located at 1323 Saint Anthony St New Orleans, LA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Duplex with approximately 2,200 square feet of living space; One residence is finished; the other is approximately 75% complete; Both units feature 12' ceilings, heart pine floors, and original moulding
