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    728 Desire St New Orleans, LA 70117

    For Sale
    $999,000

    Apartment Complex, Other - New Orleans, LA

    Property size:
    4,480 SF
    Lot size:
    0.19 Acres
    Days on Market:
    116
    Last Refresh:
    Dec 7 at 11:06 pm

    Property Features for 728 Desire St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Laundry
    EntryLevel
    1
    Exterior features
    Security Cameras
    Size
    4,480 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    6
    Building materials
    Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Rêve | Realtors (504) 300-0700 [email protected]

    Listing agent Phillipa Bowers (504) 300-0700

    Listing date Aug 14, 2025

    MLS# 2488071 Listing URL

    Copyright © 2025 Gulf South Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Bywater Multifamily Investment

    This multifamily apartment building is located in the Bywater Neighborhood of New Orleans. The property features 4,495 square feet of rentable space, encompassing a total of 6 apartments, and includes off-street parking. Renovated in 2019, the building is well-maintained and has stabilized in-place cash flow. Its location offers proximity to surrounding neighborhoods, retailers, schools, and workplaces, which may provide stability and rent appreciation. The lot size is 0.1928 acres. The living area is 4480 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0416246
    Latitude
    29.9633169

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    FAQs

    What type of property is this?
    Apartment building - High-occupancy, renovated apartment building in the Bywater neighborhood.
    Where is this apartment building located?
    The property is located at 728 Desire St New Orleans, LA.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - High occupancy multi-family apartment building with stabilized in-place cash flow.; - Completely renovated in 2019.; - 4,495 SF of rentable space with 6 apartments.
    (504) 300-0700
    Request Owner's contact information
    728 Desire St New Orleans, LA 70117
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    New Orleans, LA 70117
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    728 Desire St New Orleans, LA 70117
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