Modern Duplex with
2225-27 REV JOHN RAPHAEL JR Way New Orleans, LA 70113
2225-27 REV JOHN RAPHAEL JR Way, New Orleans, LA, 70113
$475,000
For Sale
$475,000
MULTI_FAMILY - New Orleans, LA
Property Size3,466 SF
Lot Size0.09 Acres
Price / SF$137.05
Days on Market60
Property Features for 2225-27 REV JOHN RAPHAEL JR Way
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 412302024
- Size
- 3,466 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- SQ 346 LOT 24 LA SALLE 28 X 138
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2019
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
REVE, REALTORS
(504) 300-0700
4827 Prytania St, New Orleans, LA
Listed by
Logan Macrae · License #995705752
(504) 300-0700
Added: May 19 Checked: Jul 17 at 9:06 am
MLS# 2558882
Listing URL
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2019-built duplex at 2225-27 REV JOHN RAPHAEL JR Way features two expansive residential units, each arranged with three bedrooms, three full bathrooms, and an additional half bath. Interiors include contemporary finishes, walk-in closets, and fully equipped kitchens with stainless steel appliances. Outside, the property offers a classic front porch and a private backyard for outdoor use. The duplex is configured so that tenants pay all utilities, and each unit is separately metered.
The property is located in the Central City area of New Orleans and is described as minutes from the St. Charles Avenue streetcar line, the Garden District, and the corridors of the CBD.
For buyers seeking a residential income property or an owner-occupant setup, the unit mix provides room for privacy and comfort while maintaining a straightforward duplex structure. Separate metering and tenant-paid utilities can simplify operating expenses, and the combination of modern interior updates with exterior outdoor space supports a wide range of tenant preferences.
The property is located in the Central City area of New Orleans and is described as minutes from the St. Charles Avenue streetcar line, the Garden District, and the corridors of the CBD.
For buyers seeking a residential income property or an owner-occupant setup, the unit mix provides room for privacy and comfort while maintaining a straightforward duplex structure. Separate metering and tenant-paid utilities can simplify operating expenses, and the combination of modern interior updates with exterior outdoor space supports a wide range of tenant preferences.
Key Highlights
- Prime Central City location, minutes from St. Charles Avenue, Garden District, and CBD
- Duplex built in 2019, offering modern luxury and New Orleans charm
- Each unit features 3 bedrooms and 3 full bathrooms, plus a half bath
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.7k | $23.28 |
| − Vacancy | −$7.3k | −$2.12 |
| EGI | $73.3k | $21.16 |
| − OpEx | −$33.0k | −$9.52 |
| NOI | $40.3k | $11.64 |
3,466 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$627.0K
$548.6K – $731.5K
NOI $43,888 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$576.3K
$504.3K – $672.3K
NOI $40,340 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$880.9K
$770.8K – $1.03M
NOI $61,666 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 2019, each side offers three bedrooms and separate utilities, supporting flexible owner or rental use.
Where is this duplex located?
The property is located at 2225-27 REV JOHN RAPHAEL JR Way New Orleans, LA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Prime Central City location, minutes from St. Charles Avenue, Garden District, and CBD; Duplex built in 2019, offering modern luxury and New Orleans charm; Each unit features **3 bedrooms and 3 full bathrooms**, plus a half bath
