Victorian
New
For Sale
$280,000
1323 ST ANTHONY, New Orleans, LA 70116
Multifamily, 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
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 3
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered front porch
fenced front yard
tropical landscaping
wooden deck
gravel courtyard
Building Details
Year built
1885
Number of units
2
Building materials
HardiPlank Type, Vinyl Siding, Wood Siding
Architectural style
Victorian
Buildings
1
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Ryan S Wentworth · License #000071657
(504) 302-0300
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 11:06PM
MLS# 2582503
Copyright © 2026 ROAM MLS. 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 in New Orleans contains approximately 2,200 square feet across two residences. One side is finished with double-parlor living and dining rooms, original fireplace mantels, cypress pocket doors and trim, two bedrooms, one full and one half bath, central HVAC, and in-unit laundry. Its mirror-image unit is approximately 75% complete. Both sides retain 12-foot ceilings, heart pine flooring, and original moulding. The property is offered as-is, with renovations to be completed by the buyer; conventional financing is not available, and cash or renovation financing is required.
The 31 x 127-foot lot includes a covered front porch, fenced landscaped front yard, rear deck, and gravel courtyard. Separate electric and gas meters serve the building, and the sewer line has been replaced to the city connection. The property is zoned HMR-2 and is in the New Marigny Historic District, with the French Quarter and Marigny neighborhoods within walking distance. Nearby destinations include Robert Fresh Market and Baldwin & Co. on Elysian Fields, about a 6-minute walk, and St. Roch Market, roughly 11 minutes away on foot.
The 31 x 127-foot lot includes a covered front porch, fenced landscaped front yard, rear deck, and gravel courtyard. Separate electric and gas meters serve the building, and the sewer line has been replaced to the city connection. The property is zoned HMR-2 and is in the New Marigny Historic District, with the French Quarter and Marigny neighborhoods within walking distance. Nearby destinations include Robert Fresh Market and Baldwin & Co. on Elysian Fields, about a 6-minute walk, and St. Roch Market, roughly 11 minutes away on foot.
Key Highlights
- Approximately 2,200 square feet across two residences; one is finished and the other is about 75% complete
- 31 x 127‑foot lot with covered porch, fenced front yard, rear deck, and gravel courtyard
- Built in 1885 with 12‑foot 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
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 - One residence is finished, while its counterpart remains partially renovated for buyer completion.
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: Approximately 2,200 square feet across two residences; one is finished and the other is about 75% complete; 31 x 127‑foot lot with covered porch, fenced front yard, rear deck, and gravel courtyard; Built in 1885 with 12‑foot ceilings, heart pine floors, and original moulding
