Modern Duplex with Two 3BR
2425-27 FRANKLIN Avenue New Orleans, LA 70117
2425-27 FRANKLIN Avenue, New Orleans, LA, 70117
$429,000
For Sale
$429,000
MULTI_FAMILY - New Orleans, LA
Property Size2,745 SF
Price / SF$156.28
Days on Market54
Property Features for 2425-27 FRANKLIN Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Active
- APN
- 425-FRANKLINAV
- Size
- 2,745 SF
Taxes and HOA fees
- Tax Description
- 2425 FRANKLIN AVE 32X120 SQ 1319 LOT 7
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2024
- Floors in Building
- 2
- Number of units
- 6
- Roof type
- Shingle
- Architectural style
- Contemporary
Listing Agency
REVE, REALTORS
(504) 300-0700
4827 Prytania St, New Orleans, LA
Listed by
Shontrell Guzman · License #995712285
(504) 300-0700
Added: May 25 Checked: Jul 17 at 9:06 am
MLS# 2559710
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 modern income-producing duplex features two spacious residential units designed with open-concept living spaces. Each unit includes 3 bedrooms and 2 bathrooms, with contemporary finishes throughout, including modern kitchens and updated, functional layouts.
Located in New Orleans, the property is described as being in the heart of the city and conveniently near local restaurants, shopping, parks, and New Orleans attractions. One unit is currently occupied, and the listing notes a one-year warranty included with the home, with appliances excluded.
For tenants, buyers, and operators, the configuration supports flexible occupancy: an owner-occupant can live in one unit while generating rental income from the other. Because one unit is occupied, the listing requires 24-hour notice for showings of the occupied unit. This makes advance scheduling important for prospective buyers and their representatives.
Located in New Orleans, the property is described as being in the heart of the city and conveniently near local restaurants, shopping, parks, and New Orleans attractions. One unit is currently occupied, and the listing notes a one-year warranty included with the home, with appliances excluded.
For tenants, buyers, and operators, the configuration supports flexible occupancy: an owner-occupant can live in one unit while generating rental income from the other. Because one unit is occupied, the listing requires 24-hour notice for showings of the occupied unit. This makes advance scheduling important for prospective buyers and their representatives.
Key Highlights
- Modern income‑producing duplex at 2425‑27 Franklin Ave, New Orleans
- Built in 2024 with contemporary design
- Two units, each with 3 bedrooms and 2 bathrooms
Local Financial Insights For Multifamily LT 5
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 | $54.4k | $19.80 |
| − Vacancy | −$4.7k | −$1.71 |
| EGI | $49.7k | $18.09 |
| − OpEx | −$14.9k | −$5.43 |
| NOI | $34.8k | $12.66 |
2,745 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$496.6K
$434.5K – $579.3K
NOI $34,759 @ 7.0% cap · market cap 8.10%
Second Best
Apartment 5plus
$456.4K
$399.4K – $532.5K
NOI $31,949 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$697.7K
$610.5K – $814.0K
NOI $48,838 @ 7.0% cap · market cap 11.38%
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 - A two-unit duplex with modern interiors and matching 3-bed, 2-bath layouts, offering income from the occupied unit.
Where is this duplex located?
The property is located at 2425-27 FRANKLIN Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Modern income‑producing duplex at 2425‑27 Franklin Ave, New Orleans; Built in 2024 with contemporary design; Two units, each with 3 bedrooms and 2 bathrooms
