Renovated Duplex With
2423-25 Freret Street New Orleans, LA 70113
2423-25 Freret Street, New Orleans, LA, 70113
$314,000
For Sale
$314,000
Fully renovated duplex features upgraded bathrooms, new appliances, and custom built-ins, plus a backyard.
Property Size1,590 SF
Price / SF$197.48
Days on Market470
Property Features for 2423-25 Freret Street
General Information
- Standard status
- Active
- Size
- 1,590 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1940
Listing agency
Epique Realty
(504) 606-0884
Listed by
Chad Ghersanich · License #995700801
(504) 606-0884
Source
Compass
Added: Apr 9, 2025 Updated: Jul 21 at 7:24PM Checked: Jul 21 at 7:24PM
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 Epique Realty
Investment Insights
Based on property information with market context.
This fully renovated duplex offers a turnkey setup with fresh paint and new appliances throughout. Interiors include high ceilings and abundant natural light, along with upgraded bathrooms from top to bottom. The home also features custom built-in shelving and closet cubbies that extend floor-to-ceiling in the bedrooms and kitchen, adding functional storage where tenants need it most.
The property is located at 2423-25 Freret Street in New Orleans, LA 70113. In addition to the indoor living spaces, the duplex includes a backyard with a practical amount of outdoor space.
The property is located at 2423-25 Freret Street in New Orleans, LA 70113. In addition to the indoor living spaces, the duplex includes a backyard with a practical amount of outdoor space.
Key Highlights
- Fully renovated duplex (1 story) built in 1940 with 4 bedrooms and 2 full bathrooms
- Central air conditioning and central heating
- New appliances and in‑unit laundry
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 | $31.5k | $19.80 |
| − Vacancy | −$2.7k | −$1.71 |
| EGI | $28.8k | $18.09 |
| − OpEx | −$8.6k | −$5.43 |
| NOI | $20.1k | $12.66 |
1,590 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$287.6K
$251.7K – $335.6K
NOI $20,133 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$264.4K
$231.3K – $308.4K
NOI $18,506 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$404.1K
$353.6K – $471.5K
NOI $28,289 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fully renovated duplex features upgraded bathrooms, new appliances, and custom built-ins, plus a backyard.
Where is this duplex located?
The property is located at 2423-25 Freret Street New Orleans, LA.
What is the asking price?
The asking price for this property is $314,000.
What are key features of this property?
This property features: Fully renovated duplex (1 story) built in 1940 with 4 bedrooms and 2 full bathrooms; Central air conditioning and central heating; New appliances and in‑unit laundry
