New Orleans Duplex with
725-27 DESIRE Street New Orleans, LA 70117
725-27 DESIRE Street, New Orleans, LA, 70117
$699,000
For Sale
$699,000
MULTI_FAMILY - New Orleans, LA
Property Size1,882 SF
Lot Size0.08 Acres
Price / SF$371.41
Days on Market502
Property Features for 725-27 DESIRE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Porch
- Standard status
- Active
- APN
- 39W107917
- Size
- 1,882 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Description
- SQ 174 LOT 5 OR 19 DESIRE 29 X 120
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2020
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Asphalt
Listing Agency
REVE, REALTORS
(504) 300-0700
4827 Prytania St, New Orleans, LA
Listed by
Phillipa Bowers
(504) 300-0700
Added: Mar 2, 2025 Checked: Jul 17 at 9:06 am
MLS# 2488070
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 is a rare opportunity to purchase a newly constructed townhouse-style duplex, built in 2020, featuring an in-ground pool. It is located in the Bywater Neighborhood of New Orleans, offering close proximity to the French Quarter, Marigny, and the Central Business District. The property is conveniently located steps from Satsuma, Alma, Bywater Bakery, Elizabeth's, and The Country Club. The property is zoned HMR-3 and is currently tenant occupied. The property size is 1882 square feet and the lot size is 0.0799 acres. It is intended for use as a duplex or multifamily residential income property. It is to be sold as a package along with another property.
Key Highlights
- Newly constructed (2020) townhouse‑style duplex.
- Enjoy an in‑ground private pool.
- Prime Bywater neighborhood location, near French Quarter, Marigny, and CBD.
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 | $37.3k | $19.80 |
| − Vacancy | −$3.2k | −$1.71 |
| EGI | $34.0k | $18.09 |
| − OpEx | −$10.2k | −$5.43 |
| NOI | $23.8k | $12.66 |
1,882 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.4K
$297.9K – $397.2K
NOI $23,831 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$312.9K
$273.8K – $365.1K
NOI $21,904 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$478.3K
$418.6K – $558.1K
NOI $33,484 @ 7.0% cap · market cap 4.79%
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 - Newly constructed duplex with pool in the Bywater neighborhood.
Where is this duplex located?
The property is located at 725-27 DESIRE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Newly constructed (2020) townhouse‑style duplex.; Enjoy an in‑ground private pool.; Prime Bywater neighborhood location, near French Quarter, Marigny, and CBD.
