New Orleans Income-Producing
2425-27 Franklin Avenue New Orleans, LA 70117
2425-27 Franklin Avenue, New Orleans, LA, 70117
$429,000
For Sale
$429,000
Modern duplex with immediate rental income potential in New Orleans.
Property Size2,745 SF
Price / SF$156.28
Days on Market62
Property Features for 2425-27 Franklin Avenue
General Information
- Standard status
- Active
- Size
- 2,745 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2024
Listing Agency
REVE, REALTORS
(504) 415-0263
Listed by
Shontrell Guzman · License #995712285
(504) 415-0263
Source
Compass
Added: May 17 Checked: Jul 17 at 4:52 am
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.
Located on Franklin Avenue in New Orleans, this income-producing duplex features two units. Each unit includes 3 bedrooms and 2 bathrooms. The property features contemporary finishes throughout. The units offer open-concept living spaces, modern kitchens, and stylish bathrooms. One unit is currently occupied, providing immediate rental income. The property is conveniently located near local restaurants, shopping, parks, and New Orleans attractions. This multifamily property is suitable for both owner-occupants and investors. The property size is 2745 square feet.
Key Highlights
- Income‑producing duplex with immediate rental income potential from occupied unit.
- Two spacious units, each with 3 bedrooms and 2 bathrooms.
- Modern construction (built in 2024) with contemporary finishes.
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 | $54.4k | $19.80 |
| − Vacancy | −$4.7k | −$1.71 |
| EGI | $49.7k | $18.09 |
| − OpEx | −$14.9k | −$5.43 |
| NOI | $34.8k | $12.66 |
2,745 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$496.6K
$434.5K – $579.3K
NOI $34,759 @ 7.0% cap · market cap 8.10%
Second Best
Apartment 5plus
$456.4K
$399.4K – $532.5K
NOI $31,949 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$697.7K
$610.5K – $814.0K
NOI $48,838 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Modern duplex with immediate rental income potential in New Orleans.
Where is this duplex located?
The property is located at 2425-27 Franklin Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Income‑producing duplex with immediate rental income potential from occupied unit.; Two spacious units, each with **3 bedrooms and 2 bathrooms**.; Modern construction (built in 2024) with contemporary finishes.
