Duplex
2223 25 Humanity St · New Orleans, LA
Flood risk 8/10 · Major
- FEMA flood zone
- X (shaded)
- Chance of flooding over 30 yrs
- 0.6%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,269 – $2,357
Heat risk 10/10 · Severe
- Hot days now (above 107°F)
- 7 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the C- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +26.6/30.0
- DSCR +9.1/10.0
- 1% rule +6.3/10.0
- Livability +4.0/5.0
- Condition / age +2.5/5.0
- Rent growth +2.3/5.0
- Schools +1.6/10.0
- ARV discount +0.0/15.0
- Appreciation +0.0/10.0
$259,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed
Listing remarks MLS
<BR><BR> This beautifully renovated, split-level duplex offers a modern take on the classic New Orleans double--perfect for investors or owner-occupants seeking flexibility and cash flow. The property features two spacious units, each offering 2 bedrooms and 1 full bathroom, ideal for living in one unit while generating rental income from the other. <BR><BR> Thoughtfully updated from top to bottom, highlights include high ceilings, wood-style flooring, modern kitchens and baths, stylish walk-in showers, washer/dryer connections, all-new wiring, and a brand-new roof. The clean, contemporary finishes pair effortlessly with the home's charming exterior, creating broad appeal for tenants and buyers alike. <br><br> Conveniently located just off I-610, this property offers quick access to downtown, shopping, dining, and major commuter routes--making it highly desirable for renters. Whether you're building your portfolio, offsetting your mortgage, or creating a multi-generational living setup, this duplex delivers turnkey condition, location, and income potential. <br><br> A smart investment and a powerful opportunity to build long-term wealth--schedule your showing today.
Key facts
- Modern kitchens
- All new wiring
- Parking
Tags
Property features AI
Finance
- Financial info: Duplex with 2 total units (unit 2223 and unit 2225)
Exterior
- Parking: Driveway; Off-street parking
- Utilities: Public water; Public sewer
- Home design: Two-story building; Shingle roof
- Construction: Raised foundation
- Exterior features: City lot; Rectangular lot; Raised foundation
Interior
- Bedrooms: Two-bedroom units (each unit has 2 bedrooms) — Units 2223 and 2225
- Bathrooms: Each unit has 1 full bathroom (2 full bathrooms total)
- Heating & cooling: Central heating; Central air conditioning
- Interior features: Total of 10 rooms; Excellent condition
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2 × 2-bed/1.0-bath units multifamily listed at $259k.
Deal economics
- At list price, monthly cash flow is $627 ($8k/yr) — positive. Per door: $314/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($3k rent vs $259k).
- Recommended offer: $228k (12.0% below list) — sets the bar for market timing.
- Cap rate 9.5% vs local median 4.4% in New Orleans — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 81/100 on livability (#3 in LA, #1,383 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D.
- Orleans Parish (urban): math 11% / reading 27% proficiency, ranked #69 of 98 in LA (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: Rents soft (-0.6%/yr); 332 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
- At $2,917/mo this rent would consume 71% of the median local household income ($49k/yr) (locally 2150% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
- Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 123 days — a 12% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $25k; list at $259k implies a 936% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo; built in 1950 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 123 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.13% ✓
- Cap rate
- 9.51%
- Cash-on-cash
- 11.48%
- DSCR
- 1.51
- GRM
- 7.4
CMA / ARV
- ARV (on-the-fly)
- $203,416
- Comps found
- 11
Show comp detail 11 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 3340 Saint Anthony Ave | 0.36mi | 5/3.0 (+1) | 2,196 (+2%) | 1mo | $120,000 | $55 | 71 |
| 3662 Clematis St | 0.41mi | 5/4.0 (+1) | 2,128 (-2%) | 2mo | $275,000 | $129 | 64 |
| 3924 Pauger St | 0.30mi | 4/3.0 | 2,275 (+5%) | 12mo | $300,000 | $132 | 64 |
| 3401 03 Frenchmen St | 0.13mi | 4/2.0 | 1,856 (-14%) | 10mo | $175,000 | $94 | 62 |
| 2824 22 Gentilly Blvd | 0.37mi | 4/2.0 | 2,190 (+1%) | 24mo | $292,000 | $133 | 61 |
| 3407 09 Frenchmen St | 0.13mi | 5/4.0 (+1) | 2,370 (+10%) | 11mo | $195,000 | $82 | 56 |
| 2332 Jasmine St | 0.60mi | 4/2.0 | 2,132 (-2%) | 22mo | $140,500 | $66 | 51 |
| 2918 New Orleans St | 0.62mi | 5/2.5 (+1) | 2,137 (-1%) | 15mo | $210,000 | $98 | 50 |
| 2502 Music St | 0.70mi | 4/2.0 | 1,917 (-11%) | 19mo | $115,000 | $60 | 33 |
| 2604 Annette St | 0.69mi | 4/2.0 | 1,870 (-14%) | 16mo | $121,000 | $65 | 32 |
| 2517 19 Frenchmen St | 0.62mi | 5/4.5 (+1) | 2,411 (+11%) | 23mo | $368,000 | $153 | 18 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- -4.0%
- Equity multiple
- 0.85×
- Total profit
- $-10,581
- Equity at exit
- $38,618
- IRR
- 2.0%
- Equity multiple
- 1.13×
- Total profit
- $9,105
- Equity at exit
- $22,394
Cash invested: $72,520 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 90 Strongly Landlord-Friendly
- State Louisiana
- 90 Strongly Landlord-Friendly · R+12
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 70122
- Rents YoY
- -0.6%
- Active inventory
- 332
- Price-to-rent
- 14.8×
Monthly cashflow live
- Estimated rent
- $2,917 high interval (Pro) →
- Mortgage (P&I)
- −$1,358
- Tax from tax record
- −$144 /mo · $1,733/yr
- Insurance
- −$108
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$613
- Net cashflow
- $627
Break-even live
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 2 | 1 | $2,918 |
| #1 | 2 | 1 | $1,459 |
| #2 | 2 | 1 | $1,459 |
| Total (2 units) | $2,917 | ||
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $64,750
- Closing costs
- $7,770
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 24 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 3907 Elysian Fields Ave New Orleans, LA | 3.0 | 2.0 | 1652 | $3,000 | $1.82 | 23d | 1 | 0.43mi |
| 1933 Industry St New Orleans, LA | 3.0 | 2.0 | 1400 | $1,595 | $1.14 | 16d | 1 | 0.54mi |
| 2647 Myrtle St Unit 2647 New Orleans, LA | 4.0 | 2.0 | 1445 | $2,550 | $1.76 | 43d | 1 | 0.62mi |
| 3228 Pauger St New Orleans, LA | 5.0 | 2.0 | 1600 | $2,100 | $1.31 | 23d | 1 | 0.65mi |
| 3607 Havana St New Orleans, LA | 3.0 | 2.0 | 1693 | $1,488 | $0.88 | 17d | 1 | 0.71mi |
| 2739 Bay St Unit B New Orleans, LA | 4.0 | 2.0 | 1400 | $1,800 | $1.29 | 20d | 1 | 0.72mi |
| 3570 Gentilly Blvd New Orleans, LA | 3.0 | 2.0 | 2390 | $2,900 | $1.21 | 43d | 1 | 0.78mi |
| 2920 Pauger St New Orleans, LA | 4.0 | 2.0 | 1882 | $1,995 | $1.06 | 23d | 1 | 0.86mi |
| 2228 Arts St New Orleans, LA | 3.0 | 2.0 | 2270 | $1,675 | $0.74 | 3d | 1 | 0.88mi |
| 2115 Mandeville St New Orleans, LA | 3.0 | 2.0 | 1400 | $1,650 | $1.18 | 23d | 1 | 0.90mi |
| 2107 Elysian Fields Ave New Orleans, LA | 4.0 | 2.0 | 1794 | $1,650 | $0.92 | 3d | 1 | 0.90mi |
| 1831 N Miro St New Orleans, LA | 3.0 | 2.0 | 1882 | $2,500 | $1.33 | 43d | 1 | 1.00mi |
| 1938 N Johnson St Unit 38 New Orleans, LA | 3.0 | 2.0 | 1844 | $2,400 | $1.30 | 23d | 1 | 1.06mi |
| 1936 N Johnson St Unit 36 New Orleans, LA | 3.0 | 2.0 | 1844 | $2,400 | $1.30 | 23d | 1 | 1.06mi |
| 1837 Touro St New Orleans, LA | 3.0 | 1.0 | 1994 | $2,000 | $1.00 | 23d | 1 | 1.08mi |
| 1901 Gentilly Blvd New Orleans, LA | 3.0 | 2.5 | 2205 | $4,000 | $1.81 | 43d | 1 | 1.10mi |
| 4815 Warrington Dr New Orleans, LA | 3.0 | 2.0 | 1652 | $2,150 | $1.30 | 16d | 1 | 1.20mi |
| 1486 Mandolin St New Orleans, LA | 3.0 | 2.0 | 1497 | $1,900 | $1.27 | 3d | 1 | 1.26mi |
| 4767 Lafaye St New Orleans, LA | 3.0 | 2.0 | 1469 | $2,000 | $1.36 | 23d | 1 | 1.27mi |
| 3302 Metropolitan St New Orleans, LA | 4.0 | 2.5 | 1700 | $2,200 | $1.29 | 17d | 1 | 1.30mi |
| 4111 Jumonville St New Orleans, LA | 3.0 | 2.5 | 1543 | $2,300 | $1.49 | 10d | 1 | 1.31mi |
| 5172 Venus St Unit 5172 New Orleans, LA | 3.0 | 2.5 | 1864 | $2,450 | $1.31 | 23d | 1 | 1.41mi |
| 2331 Columbus St New Orleans, LA | 3.0 | 1.0 | 1976 | $1,850 | $0.94 | 23d | 1 | 1.46mi |
| 3702 Trafalgar St New Orleans, LA | 3.0 | 2.0 | 1428 | $2,350 | $1.65 | 16d | 1 | 1.47mi |
Listing history 19 events
-
2026-04-29status Pending 1184-char remark
Show marketing remark (1184 chars)
<BR><BR> This beautifully renovated, split-level duplex offers a modern take on the classic New Orleans double--perfect for investors or owner-occupants seeking flexibility and cash flow. The property features two spacious units, each offering 2 bedrooms and 1 full bathroom, ideal for living in one unit while generating rental income from the other. <BR><BR> Thoughtfully updated from top to bottom, highlights include high ceilings, wood-style flooring, modern kitchens and baths, stylish walk-in showers, washer/dryer connections, all-new wiring, and a brand-new roof. The clean, contemporary finishes pair effortlessly with the home's charming exterior, creating broad appeal for tenants and buyers alike. <br><br> Conveniently located just off I-610, this property offers quick access to downtown, shopping, dining, and major commuter routes--making it highly desirable for renters. Whether you're building your portfolio, offsetting your mortgage, or creating a multi-generational living setup, this duplex delivers turnkey condition, location, and income potential. <br><br> A smart investment and a powerful opportunity to build long-term wealth--schedule your showing today.
-
2026-04-29status Pending
Show marketing remark (1184 chars)
<BR><BR> This beautifully renovated, split-level duplex offers a modern take on the classic New Orleans double--perfect for investors or owner-occupants seeking flexibility and cash flow. The property features two spacious units, each offering 2 bedrooms and 1 full bathroom, ideal for living in one unit while generating rental income from the other. <BR><BR> Thoughtfully updated from top to bottom, highlights include high ceilings, wood-style flooring, modern kitchens and baths, stylish walk-in showers, washer/dryer connections, all-new wiring, and a brand-new roof. The clean, contemporary finishes pair effortlessly with the home's charming exterior, creating broad appeal for tenants and buyers alike. <br><br> Conveniently located just off I-610, this property offers quick access to downtown, shopping, dining, and major commuter routes--making it highly desirable for renters. Whether you're building your portfolio, offsetting your mortgage, or creating a multi-generational living setup, this duplex delivers turnkey condition, location, and income potential. <br><br> A smart investment and a powerful opportunity to build long-term wealth--schedule your showing today.
-
2026-04-01price $259,000 1184-char remark
Show marketing remark (1184 chars)
<BR><BR> This beautifully renovated, split-level duplex offers a modern take on the classic New Orleans double--perfect for investors or owner-occupants seeking flexibility and cash flow. The property features two spacious units, each offering 2 bedrooms and 1 full bathroom, ideal for living in one unit while generating rental income from the other. <BR><BR> Thoughtfully updated from top to bottom, highlights include high ceilings, wood-style flooring, modern kitchens and baths, stylish walk-in showers, washer/dryer connections, all-new wiring, and a brand-new roof. The clean, contemporary finishes pair effortlessly with the home's charming exterior, creating broad appeal for tenants and buyers alike. <br><br> Conveniently located just off I-610, this property offers quick access to downtown, shopping, dining, and major commuter routes--making it highly desirable for renters. Whether you're building your portfolio, offsetting your mortgage, or creating a multi-generational living setup, this duplex delivers turnkey condition, location, and income potential. <br><br> A smart investment and a powerful opportunity to build long-term wealth--schedule your showing today.
-
2026-04-01price $259,000
Show marketing remark (1184 chars)
<BR><BR> This beautifully renovated, split-level duplex offers a modern take on the classic New Orleans double--perfect for investors or owner-occupants seeking flexibility and cash flow. The property features two spacious units, each offering 2 bedrooms and 1 full bathroom, ideal for living in one unit while generating rental income from the other. <BR><BR> Thoughtfully updated from top to bottom, highlights include high ceilings, wood-style flooring, modern kitchens and baths, stylish walk-in showers, washer/dryer connections, all-new wiring, and a brand-new roof. The clean, contemporary finishes pair effortlessly with the home's charming exterior, creating broad appeal for tenants and buyers alike. <br><br> Conveniently located just off I-610, this property offers quick access to downtown, shopping, dining, and major commuter routes--making it highly desirable for renters. Whether you're building your portfolio, offsetting your mortgage, or creating a multi-generational living setup, this duplex delivers turnkey condition, location, and income potential. <br><br> A smart investment and a powerful opportunity to build long-term wealth--schedule your showing today.
-
2026-02-15status Active 1184-char remark
Show marketing remark (1184 chars)
<BR><BR> This beautifully renovated, split-level duplex offers a modern take on the classic New Orleans double--perfect for investors or owner-occupants seeking flexibility and cash flow. The property features two spacious units, each offering 2 bedrooms and 1 full bathroom, ideal for living in one unit while generating rental income from the other. <BR><BR> Thoughtfully updated from top to bottom, highlights include high ceilings, wood-style flooring, modern kitchens and baths, stylish walk-in showers, washer/dryer connections, all-new wiring, and a brand-new roof. The clean, contemporary finishes pair effortlessly with the home's charming exterior, creating broad appeal for tenants and buyers alike. <br><br> Conveniently located just off I-610, this property offers quick access to downtown, shopping, dining, and major commuter routes--making it highly desirable for renters. Whether you're building your portfolio, offsetting your mortgage, or creating a multi-generational living setup, this duplex delivers turnkey condition, location, and income potential. <br><br> A smart investment and a powerful opportunity to build long-term wealth--schedule your showing today.
-
2026-02-15status Active
Show marketing remark (1184 chars)
<BR><BR> This beautifully renovated, split-level duplex offers a modern take on the classic New Orleans double--perfect for investors or owner-occupants seeking flexibility and cash flow. The property features two spacious units, each offering 2 bedrooms and 1 full bathroom, ideal for living in one unit while generating rental income from the other. <BR><BR> Thoughtfully updated from top to bottom, highlights include high ceilings, wood-style flooring, modern kitchens and baths, stylish walk-in showers, washer/dryer connections, all-new wiring, and a brand-new roof. The clean, contemporary finishes pair effortlessly with the home's charming exterior, creating broad appeal for tenants and buyers alike. <br><br> Conveniently located just off I-610, this property offers quick access to downtown, shopping, dining, and major commuter routes--making it highly desirable for renters. Whether you're building your portfolio, offsetting your mortgage, or creating a multi-generational living setup, this duplex delivers turnkey condition, location, and income potential. <br><br> A smart investment and a powerful opportunity to build long-term wealth--schedule your showing today.
-
2026-01-30historical Active Under Contract
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2025-12-27$265,000 Active 1184-char remark
Show marketing remark (1184 chars)
<BR><BR> This beautifully renovated, split-level duplex offers a modern take on the classic New Orleans double--perfect for investors or owner-occupants seeking flexibility and cash flow. The property features two spacious units, each offering 2 bedrooms and 1 full bathroom, ideal for living in one unit while generating rental income from the other. <BR><BR> Thoughtfully updated from top to bottom, highlights include high ceilings, wood-style flooring, modern kitchens and baths, stylish walk-in showers, washer/dryer connections, all-new wiring, and a brand-new roof. The clean, contemporary finishes pair effortlessly with the home's charming exterior, creating broad appeal for tenants and buyers alike. <br><br> Conveniently located just off I-610, this property offers quick access to downtown, shopping, dining, and major commuter routes--making it highly desirable for renters. Whether you're building your portfolio, offsetting your mortgage, or creating a multi-generational living setup, this duplex delivers turnkey condition, location, and income potential. <br><br> A smart investment and a powerful opportunity to build long-term wealth--schedule your showing today.
-
2025-12-27$265,000 Active
Show marketing remark (1184 chars)
<BR><BR> This beautifully renovated, split-level duplex offers a modern take on the classic New Orleans double--perfect for investors or owner-occupants seeking flexibility and cash flow. The property features two spacious units, each offering 2 bedrooms and 1 full bathroom, ideal for living in one unit while generating rental income from the other. <BR><BR> Thoughtfully updated from top to bottom, highlights include high ceilings, wood-style flooring, modern kitchens and baths, stylish walk-in showers, washer/dryer connections, all-new wiring, and a brand-new roof. The clean, contemporary finishes pair effortlessly with the home's charming exterior, creating broad appeal for tenants and buyers alike. <br><br> Conveniently located just off I-610, this property offers quick access to downtown, shopping, dining, and major commuter routes--making it highly desirable for renters. Whether you're building your portfolio, offsetting your mortgage, or creating a multi-generational living setup, this duplex delivers turnkey condition, location, and income potential. <br><br> A smart investment and a powerful opportunity to build long-term wealth--schedule your showing today.
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2025-10-30price $260,000
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2025-10-30price $260,000
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2025-06-30price $279,000
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2025-06-30price $279,000
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2025-05-06price $299,000
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2025-05-06price $299,000
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2025-02-11price $320,000
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2025-02-11price $320,000
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2025-02-04$370,000 Active
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1990-03-08soldstatus $25,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast LA · Resets to sale price
- Current annual tax
- $1,733 · $144/mo
- Projected year-2 tax
- $1,733 · $144/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 8/10 Severe FEMA zone X (shaded) · 60% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $35,004
- − Mortgage interest
- −$14,508
- − Property taxes
- −$1,733
- − Insurance
- −$2,092
- − Repairs & maintenance
- −$2,800
- − Management
- −$2,800
- − Depreciation
- −$7,535
- Taxable income
- $3,536
- Est. tax owed @ 24.0%
- −$849
- After-tax cash flow
- $6,681/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Orleans Parish
- NCES district ID
- 2201170
- Math proficiency
- 11% ▼ -52.00%
- Reading proficiency
- 27% ▼ -46.00%
- Median HH income
- $37,011
- Composite
- 15.78/100
- National rank
- #9271
- State rank
- #69 of 98 in LA
Livability — New Orleans
- Score
- 81/100
- State rank
- #3
- US rank
- #1383
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- New Orleans, LA
- County
- Orleans Parish · 338,817 people
- City population
- 338,817
- Metro
- New Orleans-Metairie, LA
- Population (ZIP)
- 35,253
- Household income
- $49,455
- Rent vs Own
- Severe rent burden
- 2150.0
Population outlook (Orleans County) Hauer SSP2
- Today (2025)
- 513,025 people
- By 2030
- 575,781 · +12.2%
- By 2040
- 700,174 · +36.5%
- By 2050
- 826,541 · +61.1%
- By 2075
- 1,123,374 · +119.0%
- By 2100
- 1,355,609 · +164.2%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly Black (69%)
- Race & ethnicity
- Black 69% White 18% Two or more races 7% Hispanic / Latino 6% Asian 1%
- Hispanic origin (detail)
- Mexican 1%
- Common ancestry
- Lithuanian 4% Italian 2% Slovak 1%
- Foreign-born
- 4% · Canada, China
- Languages at home
- 92% English-only · Spanish 5% Chinese 1% French/Haitian/Cajun 1%
Political lean MEDSL · Orleans
- 2024 margin
- Solid D (+67.0) · D 82.2% · R 15.2% · Other 2.7%
- 2008→2024 swing
- +6.7pp toward D · 2008: 60.3pp · 2024: 67.0pp
- All cycles
- 2024: D+67.0 2020: D+68.2 2016: D+66.2 2012: D+62.5 2008: D+60.3
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -222.37%
- Current HPI
- 231.9921
- Rent YoY
- ▼ -0.61%
- Metro
- New Orleans-Metairie, LA
- State GDP YoY
- ▲ 3.29%
- F500 in state
- 10
Industry mix (Fortune 500 HQ in LA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Telecommunications | 2 | $23B |
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| Utilities | 1 | $12B |
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| Wholesale / Distribution | 1 | $5B |
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| Advertising | 1 | $2B |
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Price history
+936.0% since first listed19 events — show timeline
- 2026-04-29 Pending — AcadianaMLS
- 2026-04-29 Pending — GSREIN
- 2026-04-01 Price Changed $259,000 AcadianaMLS
- 2026-04-01 Price Changed $259,000 GSREIN
- 2026-02-15 Relisted — AcadianaMLS
- 2026-02-15 Relisted — GSREIN
- 2026-01-30 Contingent — GSREIN
- 2025-12-27 Listed $265,000 GSREIN
- 2025-12-27 Listed $265,000 AcadianaMLS
- 2025-10-30 Price Changed $260,000 AcadianaMLS
- 2025-10-30 Price Changed $260,000 GSREIN
- 2025-06-30 Price Changed $279,000 AcadianaMLS
- 2025-06-30 Price Changed $279,000 GSREIN
- 2025-05-06 Price Changed $299,000 AcadianaMLS
- 2025-05-06 Price Changed $299,000 GSREIN
- 2025-02-11 Price Changed $320,000 AcadianaMLS
- 2025-02-11 Price Changed $320,000 GSREIN
- 2025-02-04 Listed $370,000 AcadianaMLS
- 1990-03-08 Sold (Public Records) $25,000 Public Records
Property tax history
+6.8%/yrLatest (2026): $1,733 · +1.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…