Two-Unit Fixer-Upper
4425 27 MUSIC Street New Orleans, LA 70122
4425 27 MUSIC Street, New Orleans, LA, 70122
$290,000
For Sale
$290,000
Duplex for sale featuring two bedrooms and one bath per unit, plus downstairs living and a large den.
Property Size2,500 SF
Price / SF$116
Days on Market692
Property Features for 4425 27 MUSIC Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1970
Listing agency
Compass Uptown-Maple St
(504) 239-1481
Listed by
Corinne Fox · License #000041252
(504) 239-1481
Source
Exitrealty
Added: Aug 30, 2024 Updated: Jul 21 at 1:19AM Checked: Jul 22 at 4:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Uptown-Maple St
Investment Insights
Based on property information with market context.
This fixer-upper duplex offers two separate units within a single residential income property. Each unit includes two bedrooms and one full bath upstairs. The downstairs layout includes a living/dining area and a kitchen, along with a large den.
Recent improvements noted include a newer roof installed in 2019 and exterior paint completed on 8/22/25. The seller also remarks that the property has never flooded.
The property is presented as a duplex with a flexible interior arrangement across both levels, creating multiple ways to configure daily living space within the existing two-unit setup.
Recent improvements noted include a newer roof installed in 2019 and exterior paint completed on 8/22/25. The seller also remarks that the property has never flooded.
The property is presented as a duplex with a flexible interior arrangement across both levels, creating multiple ways to configure daily living space within the existing two-unit setup.
Key Highlights
- Duplex built in 1970 in Gentilly Terrace
- 2 bedrooms and 1 bath per unit
- Downstairs layout includes living/dining/kitchen plus a large den
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 | $40.5k | $16.20 |
| − Vacancy | −$3.5k | −$1.40 |
| EGI | $37.0k | $14.80 |
| − OpEx | −$11.1k | −$4.44 |
| NOI | $25.9k | $10.36 |
2,500 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.0K
$323.8K – $431.7K
NOI $25,901 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$321.4K
$281.2K – $375.0K
NOI $22,498 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$654.2K
$572.4K – $763.2K
NOI $45,792 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex for sale featuring two bedrooms and one bath per unit, plus downstairs living and a large den.
Where is this duplex located?
The property is located at 4425 27 MUSIC Street New Orleans, LA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Duplex built in 1970 in Gentilly Terrace; 2 bedrooms and 1 bath per unit; Downstairs layout includes living/dining/kitchen plus a large den
