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 Market12
Property Features for 1925 Alabo St
General Information
Standard status
Active
Size
2,398 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Amenities
stainless steel appliances
washer/dryer hookups
high ceilings
Building Details
Buildings
1
Stories
2
Listing Agency:
AT Home Realty Group
(504) 352-6063
Listed By:
Andrea Tyler · License #995685551
(504) 352-6063
Source:
Exprealty
Added: Aug 11
Changed: Aug 22
Last Checked: Aug 22 at 12:37PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,365
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
