Historic Bywater Double in New
For Sale
$540,000
4223-25 BURGUNDY Street, New Orleans, LA 70117
MULTI_FAMILY - New Orleans, LA
Property Size1,966 SF
Price / SF$274.67
Days on Market145
Property Features for 4223-25 BURGUNDY Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Courtyard
Lot features
Regular
Subdivision
Bywater
Standard status
Active
APN
SQ 294
Size
1,966 SF
Taxes and HOA fees
Tax Description
1. SQ 294 LOT 1 2. 33 X 125 3. 4223-25 BURGUNDY ST
Legal Description
1. SQ 294 LOT 1 2. 33 X 125 3. 4223-25 BURGUNDY ST
Utilities
Heating system
Other (Heating), Ductless (Heating)
Cooling system
Ductless, Wall Unit(s)
Water source
Public
Building Details
Year built
1871
Floors in Building
1
Number of units
2
Roof type
Asphalt
Architectural style
Cottage
Listing Agency:
McEnery Residential, LLC
(504) 605-4400
Listed By:
Jennifer Lott
(504) 605-4400
Added: Mar 9
Changed: Jul 30
Last Checked: Jul 31 at 12:06AM
MLS# 2546648
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.
Investment Insights
Based on property information with market context.
This classic double in the Bywater neighborhood of New Orleans offers historic charm, light, and versatility. Each side features a shotgun-style layout with 2 bedrooms and 1 full bath, creating comfortable and functional living spaces. Tall ceilings and abundant natural light highlight the home's historic details, while the freshly painted interiors give it a bright, refreshed feel. Both units enjoy their own charming back porch and private yard area, suitable for relaxing, gardening, or entertaining. Located in the heart of the vibrant Bywater neighborhood, this property blends classic New Orleans architecture with everyday livability, all within minutes of local restaurants, music, and the Mississippi River. One of the units includes a roomy loft in the first bedroom that can fit a full-size mattress. The property size is 1966 square feet.
Key Highlights
- Bywater double built in 1871 with cottage architectural style and historic character
- Each side has a shotgun‑style layout with 2 bedrooms and 1 full bath
- Tall ceilings and abundant natural light highlight historic details
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $19.80 |
| − Vacancy | −$3.4k | −$1.71 |
| EGI | $35.6k | $18.09 |
| − OpEx | −$10.7k | −$5.43 |
| NOI | $24.9k | $12.66 |
1,966 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$355.6K
$311.2K – $414.9K
NOI $24,894 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$326.9K
$286.0K – $381.4K
NOI $22,882 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$499.7K
$437.2K – $583.0K
NOI $34,978 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
828
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 - Charming New Orleans double in vibrant Bywater neighborhood.
Where is this duplex located?
The property is located at 4223-25 BURGUNDY Street New Orleans, LA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Bywater double built in 1871 with cottage architectural style and historic character; Each side has a shotgun‑style layout with 2 bedrooms and 1 full bath; Tall ceilings and abundant natural light highlight historic details
