Comfort/layout:
This place is really cute. The living room and kitchen are on the ground level and the rooms are upstairs, which is nice for noise if some people go to bed early. The beds are super comfy. One weird thing is that you can only access the room with the twin beds by going through one of the rooms with a queen bed. So that's a bit awkward for privacy depending on who you're traveling with. Also the old doors on the bedrooms don't all fully shut very well. None of this bothered us because we were a family group, but these things might have been a slight annoyance if I was with a different group. The other bedroom with the queen bed is fully separate/private.
Location:
A little outside of the destination areas, but an easy and pretty 20 minute walk. I thought it was an excellent location for the price, and I wouldn't want to sleep too close to all the loud party areas anyway. You can walk through the Louie Armstrong Park on your way to the French Quarter, which is lovely, and there's a couple coffee shops right there in the neighborhood. The house itself feels like it's on the very edge of a cute neighborhood, bordering a not-so-great part of town. I never felt unsafe but I did choose to Uber back anytime after dark.
Temperature/noise:
Other reviews mentioned it's a little noisy from the highway, but I didn't think it was bad at all. They have little packets of ear plugs for you by each bed, which was sweet, but we didn't even need them. It was actually kind of a nice white noise, like having a fan on. We even had our window open. The house is under the highway bridge, but the bridge is so high up and the cars are so far above that it's just a continuous whooshing sound that's not very loud at all. Almost like waves. I really wouldn't let it worry you, I'm a light sleeper too. It's much worse at places where you hear drunk people shouting outside your windows all night, and there was none of that on this street.
We came in February when it was a little chilly, and the temperature upstairs was warm enough that we wanted our window open, and that was very comfortable for us. The ground floor was quite chilly, but I made no attempt to adjust the heat so no complaints.
Overall I'd definitely recommend.