Duplex with Shared
For Sale
$450,000
2425-27 Nashville Avenue, New Orleans, LA 70115
One residence is vacant for occupancy, while the second provides established tenant occupancy and rental income.
Property Size2,375 SF
Days on Market21
Property Features for 2425-27 Nashville Avenue
General Information
Standard status
Active
Size
2,375 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
shared backyard
washer/dryer area
Building Details
Building Size
2,375 SF
Year Built
1920
Stories
1
Listing Agency:
Ricci Real Estate
(504) 952-3235
Listed By:
Mia Dahan · License #995711169
(504) 952-3235
Source:
Nolalivingrealty
Added: Aug 4
Changed: Aug 20
Last Checked: Aug 23 at 12:15PM
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 Ricci Real Estate
Investment Insights
Based on property information with market context.
This well-maintained duplex contains two matching residences, each with 2 bedrooms and 1 bath. Both layouts include a spacious living area, gas stove, and access to a shared backyard. A common laundry area is equipped with a dedicated washer and dryer setup.
The property at 2425-27 Nashville Avenue benefits from proximity to the St. Charles Streetcar Line, Tulane University, Loyola University, Trader Joe’s, Magazine Street, and Audubon Park. One unit is vacant and available for occupancy; the other is tenant occupied. Exterior work includes fresh paint, replacement rear steps, updated light fixtures, and new underground plumbing serving the shared laundry area. Built in 1920, the duplex supports either owner occupancy with rental income or continued use as a two-unit residential property.
The property at 2425-27 Nashville Avenue benefits from proximity to the St. Charles Streetcar Line, Tulane University, Loyola University, Trader Joe’s, Magazine Street, and Audubon Park. One unit is vacant and available for occupancy; the other is tenant occupied. Exterior work includes fresh paint, replacement rear steps, updated light fixtures, and new underground plumbing serving the shared laundry area. Built in 1920, the duplex supports either owner occupancy with rental income or continued use as a two-unit residential property.
Key Highlights
- Two‑unit duplex at 2425‑27 Nashville Avenue
- Each unit offers 2 bedrooms and 1 bath
- One unit is vacant; the second is tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,413
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$408,260
$408.3K
Cap Rate 7%
$291,614
$291.6K
Cap Rate 9%
$226,811
$226.8K
Market Conditions
NOI Build-Up for 2,375 SF
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.
Gross rent
$31.9K $13.44/SF
− Vacancy
−$2.8K −$1.16/SF
EGI
$29.2K $12.28/SF
− OpEx
−$8.7K −$3.68/SF
NOI
$20.4K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$408,260
Cap Rate 7%
$291,614
Cap Rate 9%
$226,811
Alternative Uses
Best Use
Multifamily LT 5
$291.6K
$255.2K – $340.2K
NOI $20,413 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$258.5K
$226.2K – $301.6K
NOI $18,096 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$626.6K
$548.3K – $731.0K
NOI $43,862 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,657
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant for occupancy, while the second provides established tenant occupancy and rental income.
Where is this duplex located?
The property is located at 2425-27 Nashville Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex at 2425‑27 Nashville Avenue; Each unit offers 2 bedrooms and 1 bath; One unit is vacant; the second is tenant occupied
