Historic Bywater Double in New
4223-25 BURGUNDY Street New Orleans, LA 70117
4223-25 BURGUNDY Street, New Orleans, LA, 70117
$540,000
For Sale
$540,000
MULTI_FAMILY - New Orleans, LA
Property Size1,966 SF
Price / SF$274.67
Days on Market132
Property Features for 4223-25 BURGUNDY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Exterior features
- Courtyard
- 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
Utilities
- Heating system
- Other (Heating), Ductless (Heating)
- Cooling system
- Wall Unit(s), Ductless
- 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
4901 Magazine Street, New Orleans, LA
Listed by
Jennifer Lott
(504) 605-4400
Added: Mar 9 Checked: Jul 18 at 1:06 am
MLS# 2546648
Listing URL
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
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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
