Duplex with Covered Front
For Sale
$315,000
5023 25 S Liberty St, New Orleans, LA 70115
Two units offer separate floor plans, in-unit laundry, wood flooring, and natural light.
Property Size1,900 SF
Price / SF$165.79
Days on Market39
Property Features for 5023 25 S Liberty St
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
wood floors
in-unit laundry
ceiling fans
covered front porch
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Forte Realty, LLC
Listed By:
Blaine Tatje · License #995712484
(504) 293-2460
Source:
Fiorellaavenue
Added: Sep 2
Changed: Sep 20
Last Checked: Oct 7 at 3:16PM
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 Forte Realty, LLC
Investment Insights
Based on property information with market context.
This 1,900-square-foot duplex, built in 1960, includes two distinct residences with separate layouts. The larger unit contains 3 bedrooms and 2 full baths, while the other provides 2 bedrooms and 1 full bath. Both sides include wood flooring, in-unit laundry, ceiling fans, generous living areas, and abundant natural light.
The property retains architectural character through its covered front porch and additional details. One residence connects directly to the backyard, adding private outdoor access. Located at 5023 25 S Liberty St in New Orleans, the configuration supports rental income, owner occupancy with a second unit, or multi-generational living.
The property retains architectural character through its covered front porch and additional details. One residence connects directly to the backyard, adding private outdoor access. Located at 5023 25 S Liberty St in New Orleans, the configuration supports rental income, owner occupancy with a second unit, or multi-generational living.
Key Highlights
- Two‑unit duplex totaling 1,900 square feet
- Unit mix includes 3 bedrooms and 2 full baths plus 2 bedrooms and 1 full bath
- In‑unit laundry provided in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,331
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,620
$326.6K
Cap Rate 7%
$233,300
$233.3K
Cap Rate 9%
$181,456
$181.5K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$25.5K $13.44/SF
− Vacancy
−$2.2K −$1.16/SF
EGI
$23.3K $12.28/SF
− OpEx
−$7.0K −$3.68/SF
NOI
$16.3K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,620
Cap Rate 7%
$233,300
Cap Rate 9%
$181,456
Alternative Uses
Best Use
Multifamily LT 5
$233.3K
$204.1K – $272.2K
NOI $16,331 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$206.8K
$181.0K – $241.3K
NOI $14,477 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$501.3K
$438.6K – $584.8K
NOI $35,089 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,713
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
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 - Two units offer separate floor plans, in-unit laundry, wood flooring, and natural light.
Where is this duplex located?
The property is located at 5023 25 S Liberty St New Orleans, LA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,900 square feet; Unit mix includes 3 bedrooms and 2 full baths plus 2 bedrooms and 1 full bath; In‑unit laundry provided in both residences
