Income-Producing Double in Broadmoor
4425-27 General Pershing Street New Orleans, LA 70125
4425-27 General Pershing Street, New Orleans, LA, 70125
$299,000
For Sale
$299,000
Residential double in growing Broadmoor area, excellent investment opportunity.
Property Size1,820 SF
Price / SF$164.29
Days on Market94
Property Features for 4425-27 General Pershing Street
General Information
- Standard status
- Active
- Size
- 1,820 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1943
Listing Agency
FQR Realtors
(504) 914-5191
Listed by
Billy Patout · License #995682469
(504) 914-5191
Source
Compass
Added: Apr 15 Checked: Jul 17 at 4:55 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 FQR Realtors
Investment Insights
Based on property information with market context.
This residential double is located in a pocket of North Broadmoor experiencing construction and renovation. The property offers an opportunity for a traditional investor, an owner-occupant, or a buyer looking to convert the structure into a single-family home. Both units feature 2 bedrooms and 1 bathroom, original wood floors, and independent front and side entrances. A shared backyard includes a detached 16' x 7' laundry and utility building. A complete gut renovation was performed in 2011, including updated electrical wiring, new water lines, and replacement windows. There are separate central AC systems for each side; the unit at 4425 is 7 years old, and the unit at 4427 is 3 years old. Underground main drain lines and sewer lines have been fully replaced to the city hookup. The roof was replaced in 2011 and has since been updated with a ridge vent and full attic insulation. The property size is 1820 square feet.
Key Highlights
- Income‑producing double in a rapidly developing Broadmoor location.
- Gut renovation in 2011 with updated electrical, water lines, and replacement windows.
- Separate central AC systems for each unit (3 and 7 years old).
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 | $36.0k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.9k | $18.09 |
| − OpEx | −$9.9k | −$5.43 |
| NOI | $23.0k | $12.66 |
1,820 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$329.2K
$288.1K – $384.1K
NOI $23,046 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$302.6K
$264.8K – $353.1K
NOI $21,183 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$462.6K
$404.8K – $539.7K
NOI $32,381 @ 7.0% cap · market cap 10.83%
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 - Residential double in growing Broadmoor area, excellent investment opportunity.
Where is this duplex located?
The property is located at 4425-27 General Pershing 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: Income‑producing double in a rapidly developing Broadmoor location.; Gut renovation in 2011 with updated electrical, water lines, and replacement windows.; Separate central AC systems for each unit (3 and 7 years old).
