Victorian Duplex with Original
New
For Sale
$280,000
1323 ST ANTHONY, New Orleans, LA 70116
Multi-Family, Victorian, New Orleans, LA
Property Size2,200 SF
Lot Size0.09 Acres
Price / SF$127.27
Days on Market5
Property Features for 1323 ST ANTHONY
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Exterior features
Fence
Fencing
Fenced
Lot features
Regular
Subdivision
New Marigny
Standard status
Active
APN
37W104206
Size
2,200 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
SQ 498 LOT 5 32 X 127 1323-25 ST ANTHONY ST DBLE 5/RMS EACH W/FRAME S/R
Legal Description
SQ 498 LOT 5 32 X 127 1323-25 ST ANTHONY ST DBLE 5/RMS EACH W/FRAME S/R
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central HVAC
in-unit laundry
covered front porch
wooden deck
gravel courtyard
Building Details
Year built
1885
Floors in Building
1
Number of units
2
Architectural style
Victorian
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Ryan Wentworth
(504) 302-0300
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 23 at 11:06PM
MLS# 2582503
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.
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Investment Insights
Based on property information with market context.
This 1885 Victorian duplex contains approximately 2,200 square feet across two units. One side is finished with double-parlor living and dining rooms, original fireplace mantels, heart pine floors, moulding, cypress pocket doors, a spacious kitchen, two bedrooms, one full and one half bath, and in-unit laundry. Central HVAC serves the completed unit. The mirrored second side is approximately 75% complete and awaits buyer renovations. The property is offered as-is, and the buyer must complete the remaining work.
The extra-deep 31 x 127 lot includes a covered front porch, fenced front yard with tropical landscaping, and a rear wooden deck and gravel courtyard. Separate electric and gas meters serve the property. The roof is approximately 10 to 15 years old, the sewer line has been replaced to the city connection, and the building permit is open. Zoned HMR-2, the duplex is within walking distance of the French Quarter and Marigny neighborhoods; Robert Fresh Market and Baldwin & Co. are about a 6-minute walk away, while St. Roch Market is roughly 11 minutes on foot.
The extra-deep 31 x 127 lot includes a covered front porch, fenced front yard with tropical landscaping, and a rear wooden deck and gravel courtyard. Separate electric and gas meters serve the property. The roof is approximately 10 to 15 years old, the sewer line has been replaced to the city connection, and the building permit is open. Zoned HMR-2, the duplex is within walking distance of the French Quarter and Marigny neighborhoods; Robert Fresh Market and Baldwin & Co. are about a 6-minute walk away, while St. Roch Market is roughly 11 minutes on foot.
Key Highlights
- 1885 Victorian duplex with approximately 2,200 square feet of living space
- One side finished; mirrored second unit is approximately 75% complete
- Separate electric and gas meters; HMR‑2 zoning
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
Explore this area
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 - Two separately metered units offer a mix of finished space and renovation work, with central HVAC in the completed residence.
Where is this duplex located?
The property is located at 1323 ST ANTHONY 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: 1885 Victorian duplex with approximately 2,200 square feet of living space; One side finished; mirrored second unit is approximately 75% complete; Separate electric and gas meters; HMR‑2 zoning
