This listing worked great for me and my three young adult sons. It was right near French Street, which in my opinion is better to Bourbon St. It is an easy walk to Bourbon St. and many other great restaurants, bars, and stores; we barely used are car. I would use it again.
However, while I would not say anything was misrepresented in this listing, there are a few things a potential user should know. There were only 2 doors in the house - one to the bathroom and one to one of the bedrooms (ironically the only one with single beds). If you have any romantic aspirations despite travelling with kids or friends you will be thwarted (of course I don't know you and your friends :-) !). Also, it was fairly musty; I suspect this is typical of many New Orleans houses (it's an old, humid city), and it was no problem for me and my kids despite one of them often having a problem with allergies, but if allergies are a problem for you bring a lot of antihistamines, and maybe some steroid. Finally, it's a transitional neighborhood. My sons and I felt okay walking around together and alone, and the neighborhood changes within a couple of blocks, but if this makes you nervous be aware.
But if these things are okay with you, this setting is great, and very affordable compared to most listings.