Renovated Duplex with Private
2025-27 Harmony Street New Orleans, LA 70115
2025-27 Harmony Street, New Orleans, LA, 70115
$315,000
For Sale
$315,000
Renovated duplex with fully equipped furnished owner’s unit and private enclosed backyards for each side.
Property Size1,260 SF
Price / SF$250
Days on Market114
Property Features for 2025-27 Harmony Street
General Information
- Standard status
- Active
- Size
- 1,260 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1918
Listing agency
Compass
(504) 210-7579
Listed by
Bill Devlin · License #995716296
(504) 210-7579
Source
Compass
Added: Mar 31 Updated: Jul 22 at 5:58AM Checked: Jul 22 at 5:58AM
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
Investment Insights
Based on property information with market context.
Beautifully renovated duplex with two separate units, each featuring its own private enclosed backyard. The owner’s unit is furnished and presented as move-in ready, highlighted by reclaimed-wood and tile finishes around the fireplace and custom reclaimed wood shelving. Both sides have been recently leveled and updated with new electrical and plumbing to kitchens and bathrooms, including a new sewer line, along with new appliances and fixtures throughout.
The roof was replaced in 2022. The tenant side is leased for $1,300 per month, while the owner’s unit rents medium-term for $1,575 per month. Additional included items are described as part of a furnished, fully equipped kitchen setup, with a detailed list available upon request. The property is located in Central City at 2025-27 Harmony Street, New Orleans, LA 70115.
The roof was replaced in 2022. The tenant side is leased for $1,300 per month, while the owner’s unit rents medium-term for $1,575 per month. Additional included items are described as part of a furnished, fully equipped kitchen setup, with a detailed list available upon request. The property is located in Central City at 2025-27 Harmony Street, New Orleans, LA 70115.
Key Highlights
- Renovated 2‑bedroom, 2‑bath duplex with 1 story built in 1918
- Each unit has a private enclosed backyard and in‑unit laundry
- Owner’s unit is furnished and includes a handmade fireplace mantel and fully equipped kitchen
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 | $16.9k | $13.44 |
| − Vacancy | −$1.5k | −$1.16 |
| EGI | $15.5k | $12.28 |
| − OpEx | −$4.6k | −$3.68 |
| NOI | $10.8k | $8.60 |
1,260 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$154.7K
$135.4K – $180.5K
NOI $10,830 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$137.1K
$120.0K – $160.0K
NOI $9,600 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$332.4K
$290.9K – $387.8K
NOI $23,270 @ 7.0% cap · market cap 7.39%
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 - Renovated duplex with fully equipped furnished owner’s unit and private enclosed backyards for each side.
Where is this duplex located?
The property is located at 2025-27 Harmony Street New Orleans, LA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Renovated 2‑bedroom, 2‑bath duplex with 1 story built in 1918; Each unit has a private enclosed backyard and in‑unit laundry; Owner’s unit is furnished and includes a handmade fireplace mantel and fully equipped kitchen
