Two-Story Duplex with Modern
For Sale
$349,000
1925 Alabo St, New Orleans, LA 70117
New-construction property includes stainless steel kitchen appliances, washer/dryer hookups, and high ceilings.
Property Size2,398 SF
Price / SF$145.54
Days on Market56
Property Features for 1925 Alabo St
General Information
Standard status
Active
Size
2,398 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
stainless steel appliances
washer/dryer hookups
high ceilings
Building Details
Year Built
2022
Buildings
1
Stories
2
Listing Agency:
AT Home Realty Group
Listed By:
Andrea Tyler · License #995685551
(504) 352-6063
Source:
Dominionplace
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 7 at 2:11PM
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 AT Home Realty Group
Investment Insights
Based on property information with market context.
This 2,398-square-foot duplex in New Orleans is a two-story, new-construction property with a contemporary interior feel. The kitchen includes stainless steel appliances, while washer/dryer hookups and high ceilings add practical features for residential occupants. The property is configured with an upstairs unit and a downstairs unit, offering two separate living spaces within the building.
One lease is currently in place, and the downstairs unit is vacant. The property is located at 1925 Alabo St, providing a residential income configuration with an opportunity for an owner occupant to use one unit while leasing the other, as described in the property information.
One lease is currently in place, and the downstairs unit is vacant. The property is located at 1925 Alabo St, providing a residential income configuration with an opportunity for an owner occupant to use one unit while leasing the other, as described in the property information.
Key Highlights
- 2,398‑square‑foot duplex at 1925 Alabo St, New Orleans, LA
- Two‑story new‑construction residential property
- Stainless steel kitchen appliances included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,365
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,300
$607.3K
Cap Rate 7%
$433,786
$433.8K
Cap Rate 9%
$337,389
$337.4K
Market Conditions
NOI Build-Up for 2,398 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$4.1K −$1.71/SF
EGI
$43.4K $18.09/SF
− OpEx
−$13.0K −$5.43/SF
NOI
$30.4K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,300
Cap Rate 7%
$433,786
Cap Rate 9%
$337,389
Alternative Uses
Best Use
Multifamily LT 5
$433.8K
$379.6K – $506.1K
NOI $30,365 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$398.7K
$348.9K – $465.2K
NOI $27,910 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$609.5K
$533.3K – $711.1K
NOI $42,664 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - New-construction property includes stainless steel kitchen appliances, washer/dryer hookups, and high ceilings.
Where is this duplex located?
The property is located at 1925 Alabo St New Orleans, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,398‑square‑foot duplex at 1925 Alabo St, New Orleans, LA; Two‑story new‑construction residential property; Stainless steel kitchen appliances included
