We went down to NOLA for my buddies bachelor party and wanted to stay close to the action, but not too close. 1212 Treme was right between Frenchman and Bourbon St. allowing easy walking access to NOLA nightlife. There were also some grocery and convince stores close to the townhouse, so we were able to stock up on supplies and save some $$ on eating out.
We really enjoyed the spacious side yard with table and chairs. However, the neighborhood was quiet, so you need to respect the house rules at night. If you want to party till 5am, which we did, keep it on Bourbon St.
We rented both the upstairs and downstairs which allowed 5 of us to sleep in an actual bed and 2 guys to sleep on pullouts. There were 3 air mattresses also available, 2 downstairs and 1 upstairs, but we didn't need them. The place was super clean and there were enough towels and washcloths to go around. The kitchen had all the basics you need to make a meal or two.
If your looking for a centrally located base of operations for a mild to medium bachelor I highly recommend 1212 Treme. If you want to trash the place and party till you vomit, stay somewhere else.