Shotgun Duplex Income
1625-27 North Johnson Street New Orleans, LA 70116
For Sale
$275,000
Double duplex features two 2-bedroom, 1-bath units with in-unit washer and dryer on each side.
Property Size1,682 SF
Price / SF$163.50
Days on Market303
Property Features for 1625-27 North Johnson Street
General Information
- Standard status
- Active
- Size
- 1,682 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1922
Listing Agency:
eXp Realty, LLC
(504) 344-0877
Listed By:
Adrienne LaBauve · License #995684424
(504) 344-0877
Source:
Compass
Added: Sep 24, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:03AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This income-producing duplex consists of two separate sides, each offering 2 bedrooms and 1 bath in a classic shotgun layout. Both sides include high ceilings, wood floors, ceiling fans, and central HVAC. Kitchens feature tile floors and stainless steel appliances, along with large sinks. Each unit also has in-unit washer and dryer.
The property includes a shared fenced backyard shaded by a large tree. Recent improvements include a new roof (2025) and replaced sewer line (2022), along with foundation/shoring. The property is located in Flood Zone X, with annual flood insurance stated as $1,215.
The duplex is offered for sale as a residential income property at 1625-27 North Johnson Street in New Orleans.
The property includes a shared fenced backyard shaded by a large tree. Recent improvements include a new roof (2025) and replaced sewer line (2022), along with foundation/shoring. The property is located in Flood Zone X, with annual flood insurance stated as $1,215.
The duplex is offered for sale as a residential income property at 1625-27 North Johnson Street in New Orleans.
Key Highlights
- Income‑producing double duplex with two 2‑bedroom, 1‑bath units (shotgun layout).
- Central HVAC and ceiling fans in both sides; high ceilings and wood floors throughout.
- In‑unit washer and dryer on each side for added convenience.
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 | $33.3k | $19.80 |
| − Vacancy | −$2.9k | −$1.71 |
| EGI | $30.4k | $18.09 |
| − OpEx | −$9.1k | −$5.43 |
| NOI | $21.3k | $12.66 |
1,682 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$304.3K
$266.2K – $355.0K
NOI $21,298 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$279.7K
$244.7K – $326.3K
NOI $19,577 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$427.5K
$374.1K – $498.8K
NOI $29,926 @ 7.0% cap · market cap 10.88%
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 - Double duplex features two 2-bedroom, 1-bath units with in-unit washer and dryer on each side.
Where is this duplex located?
The property is located at 1625-27 North Johnson Street New Orleans, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Income‑producing double duplex with two 2‑bedroom, 1‑bath units (shotgun layout).; Central HVAC and ceiling fans in both sides; high ceilings and wood floors throughout.; In‑unit washer and dryer on each side for added convenience.
