Updated Multi-Family Income
2725-27 General Taylor Street New Orleans, LA 70115
For Sale
$299,000
Fully updated multi-family property with historic pine wood floors and high ceilings, presented as turnkey and stabilized.
Property Size1,700 SF
Price / SF$175.88
Days on Market61
Property Features for 2725-27 General Taylor Street
General Information
Standard status
Active
Size
1,700 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Building Details
Year Built
1940
Listing Agency:
Remax Crescent Collective LLC
(504) 202-6736
Listed By:
John Hendrix · License #995719267
(504) 202-6736
Source:
Compass
Added: May 28
Changed: Jul 24
Last Checked: Jul 26 at 11:40AM
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 Remax Crescent Collective LLC
Investment Insights
Based on property information with market context.
This fully updated multi-family property is offered as a turnkey investment, presented as stabilized for immediate income. Interior features include historic pine wood floors and high ceilings, adding character while maintaining a refreshed, move-in-ready presentation.
The property is located on General Taylor Street in New Orleans, near Ochsner Baptist and Trader Joe’s. It is also in the vicinity of the Freret Corridor with restaurants, bars, and local shops.
The offering is presented as an updated, income-producing residential income property intended to minimize renovation and lease-up uncertainty.
The property is located on General Taylor Street in New Orleans, near Ochsner Baptist and Trader Joe’s. It is also in the vicinity of the Freret Corridor with restaurants, bars, and local shops.
The offering is presented as an updated, income-producing residential income property intended to minimize renovation and lease-up uncertainty.
Key Highlights
- Fully updated 2‑bath, 4‑bedroom multi‑family with historic pine wood floors and high ceilings
- Central air and central heating
- 1‑story wood siding construction with pillar/post/pier foundation
Financial Insights For Apartment 5plus
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 | $25.9k | $15.24 |
| − Vacancy | −$2.4k | −$1.39 |
| EGI | $23.6k | $13.85 |
| − OpEx | −$10.6k | −$6.23 |
| NOI | $13.0k | $7.62 |
1,700 SF · lease $15.24/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$185.0K
$161.9K – $215.9K
NOI $12,953 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$448.5K
$392.5K – $523.3K
NOI $31,396 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Fully updated multi-family property with historic pine wood floors and high ceilings, presented as turnkey and stabilized.
Where is this residential income property located?
The property is located at 2725-27 General Taylor Street New Orleans, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Fully updated 2‑bath, 4‑bedroom multi‑family with historic pine wood floors and high ceilings; Central air and central heating; 1‑story wood siding construction with pillar/post/pier foundation
