Historic Duplex with Shotgun
For Sale
$525,000
4223-25 BURGUNDY Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size1,966 SF
Price / SF$267.04
Days on Market42
Property Features for 4223-25 BURGUNDY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 1
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless, Wall Unit(s)
Water source
Public
Amenities
private yard
back porch
private laundry room
Building Details
Year built
1871
Number of units
2
Building materials
Wood Siding
Architectural style
Cottage
Buildings
1
Listing Agency:
McEnery Residential, LLC (MCEN02)
(504) 605-4400
Listed By:
Jennifer S Lott · License #995704495
(504) 256-7310
Added: Sep 14
Changed: Oct 24
Last Checked: Oct 25 at 2:06PM
MLS# 2577028
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 1,966-square-foot duplex, built in 1871, contains two residences with matching two-bedroom, one-bathroom layouts. Both have rear porches, private yard areas, and individual laundry rooms. A loft is located in the first bedroom of the left-side unit, and the interiors have been freshly painted.
The property is on Burgundy Street in New Orleans’ Bywater neighborhood, with local restaurants, music venues, and the Mississippi River described as minutes away.
The property is on Burgundy Street in New Orleans’ Bywater neighborhood, with local restaurants, music venues, and the Mississippi River described as minutes away.
Key Highlights
- Two residences, each configured with 2 bedrooms and 1 full bath
- 1,966 square feet across the duplex
- Built in 1871 with cottage architecture
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,894
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,880
$497.9K
Cap Rate 7%
$355,629
$355.6K
Cap Rate 9%
$276,600
$276.6K
Market Conditions
NOI Build-Up for 1,966 SF
Gross rent
$38.9K $19.80/SF
− Vacancy
−$3.4K −$1.71/SF
EGI
$35.6K $18.09/SF
− OpEx
−$10.7K −$5.43/SF
NOI
$24.9K $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%
$497,880
Cap Rate 7%
$355,629
Cap Rate 9%
$276,600
Alternative Uses
Best Use
Multifamily LT 5
$355.6K
$311.2K – $414.9K
NOI $24,894 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$326.9K
$286.0K – $381.4K
NOI $22,882 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$499.7K
$437.2K – $583.0K
NOI $34,978 @ 7.0% cap · market cap 6.66%
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
828
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, a full bath, private laundry, and a rear porch.
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 $525,000.
What are key features of this property?
This property features: Two residences, each configured with 2 bedrooms and 1 full bath; 1,966 square feet across the duplex; Built in 1871 with cottage architecture
