Contemporary
For Sale
$349,000
1925 ALABO Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size2,398 SF
Lot Size0.08 Acres
Price / SF$145.54
Days on Market74
Property Features for 1925 ALABO Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1
Parking features
Driveway
Patio and Porch features
Porch
Standard status
Active
APN
39W502910
Size
2,398 SF
Lot size
0.08 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
SQ 961 LOT 7 ALABO 30 X 107 OVER 111
Legal Description
SQ 961 LOT 7 ALABO 30 X 107 OVER 111
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
stainless steel appliances
washer/dryer hookups
high ceilings
Building Details
Year built
2022
Number of units
2
Building materials
HardiPlank Type
Architectural style
Contemporary
Buildings
1
Listing Agency:
AT Home Realty Group
Listed By:
Andrea J Tyler · License #995685551
(504) 352-6063
Added: Aug 11
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2568260
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.
Built in 2022, this two-story duplex contains 2,398 square feet and sits on a 0.0751-acre lot. The contemporary-style property has six bedrooms and four bathrooms, central heating and air conditioning, and a porch. The kitchen includes stainless steel appliances, with washer and dryer hookups provided. HardiPlank Type siding completes the exterior.
One unit has a lease in place, while the downstairs unit is vacant. The property is served by public water and sewer, with natural gas available, and includes driveway parking.
One unit has a lease in place, while the downstairs unit is vacant. The property is served by public water and sewer, with natural gas available, and includes driveway parking.
Key Highlights
- 2,398‑square‑foot duplex on a 0.0751‑acre lot
- Built in 2022 with contemporary design and two‑story configuration
- Six bedrooms and four bathrooms
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two-story construction includes stainless steel kitchen appliances and washer and dryer hookups.
Where is this duplex located?
The property is located at 1925 ALABO Street 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 on a 0.0751‑acre lot; Built in 2022 with contemporary design and two‑story configuration; Six bedrooms and four bathrooms
