Townhouse-Style Duplex with
725-27 Desire Street New Orleans, LA 70117
For Sale
$699,000
Newly constructed duplex built in 2020 with an in-ground pool and tenant occupancy; zoned HMR-3.
Property Size1,882 SF
Price / SF$371.41
Days on Market524
Property Features for 725-27 Desire Street
General Information
- Standard status
- Active
- Size
- 1,882 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2020
Listing Agency:
REVE, REALTORS
(504) 884-3893
Listed By:
Phillipa Bowers · License #995703036
(504) 884-3893
Source:
Compass
Added: Feb 15, 2025
Changed: Jul 23
Last Checked: Jul 23 at 9:48AM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
This newly constructed (2020) townhouse-style duplex offers an in-ground pool and is currently tenant occupied. The property is zoned HMR-3 and is being offered for sale as part of a package.
725-27 Desire Street is located in New Orleans’ Bywater neighborhood, with convenient proximity to the French Quarter, Marigny, and the CBD. The listing notes it is steps from Satsuma, Alma, Bywater Bakery, Elizabeth's, and The Country Club.
The duplex at 725-27 Desire Street is to be sold together with 3400 Desire St., which is also listed for sale (MLS No. 2488068).
725-27 Desire Street is located in New Orleans’ Bywater neighborhood, with convenient proximity to the French Quarter, Marigny, and the CBD. The listing notes it is steps from Satsuma, Alma, Bywater Bakery, Elizabeth's, and The Country Club.
The duplex at 725-27 Desire Street is to be sold together with 3400 Desire St., which is also listed for sale (MLS No. 2488068).
Key Highlights
- Newly constructed 2020 townhouse‑style duplex with 2 units
- Tenant occupied duplex with central air and central heating
- 2 bedrooms and 2 full bathrooms with in‑unit laundry
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
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly constructed duplex built in 2020 with an in-ground pool and tenant occupancy; zoned HMR-3.
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 with 2 units; Tenant occupied duplex with central air and central heating; 2 bedrooms and 2 full bathrooms with in‑unit laundry
