Contemporary
For Sale
$419,000
Pending
2425-27 FRANKLIN Avenue, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size2,745 SF
Days on Market152
Property Features for 2425-27 FRANKLIN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4
Parking
2
Parking features
Off Street
Standard status
Pending
APN
425-FRANKLINAV
Size
2,745 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
2425 FRANKLIN AVE 32X120 SQ 1319 LOT 7
Legal Description
2425 FRANKLIN AVE 32X120 SQ 1319 LOT 7
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2024
Number of units
6
Building materials
HardiPlank Type
Architectural style
Contemporary
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Shontrell Arriane Guzman · License #995712285
(504) 415-0263
Added: May 25
Changed: Oct 23
Last Checked: Oct 23 at 11:06PM
MLS# 2559710
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2024, this contemporary duplex contains 2,745 square feet across two residences. Each unit has three bedrooms and two full bathrooms, and one is occupied. The property has HardiPlank siding, central heating and air conditioning, and off-street parking.
The property is in New Orleans, with access to downtown, hospitals, universities, shopping, dining, and interstate routes. Public water and sewer serve the building. A one-year home warranty is included; appliances are excluded.
The property is in New Orleans, with access to downtown, hospitals, universities, shopping, dining, and interstate routes. Public water and sewer serve the building. A one-year home warranty is included; appliances are excluded.
Key Highlights
- Two‑unit duplex with 2,745 square feet
- Each unit includes 3 bedrooms and 2 full bathrooms
- Built in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,759
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,180
$695.2K
Cap Rate 7%
$496,557
$496.6K
Cap Rate 9%
$386,211
$386.2K
Market Conditions
NOI Build-Up for 2,745 SF
Gross rent
$54.4K $19.80/SF
− Vacancy
−$4.7K −$1.71/SF
EGI
$49.7K $18.09/SF
− OpEx
−$14.9K −$5.43/SF
NOI
$34.8K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,180
Cap Rate 7%
$496,557
Cap Rate 9%
$386,211
Alternative Uses
Best Use
Multifamily LT 5
$496.6K
$434.5K – $579.3K
NOI $34,759 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$456.4K
$399.4K – $532.5K
NOI $31,949 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$697.7K
$610.5K – $814.0K
NOI $48,838 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms and two full bathrooms, with one unit currently occupied.
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 $419,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,745 square feet; Each unit includes 3 bedrooms and 2 full bathrooms; Built in 2024
