Fixer-Upper Duplex with Two
4425-27 Music Street New Orleans, LA 70122
4425-27 Music Street, New Orleans, LA, 70122
$325,000
For Sale
$325,000
Each unit features two bedrooms and one bath, with living, dining, kitchen, and a large den downstairs.
Property Size2,500 SF
Price / SF$130
Days on Market867
Property Features for 4425-27 Music Street
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1970
Listing agency
LATTER & BLUM INC/REALTORS
(504) 239-1481
Listed by
Corinne Fox · License #000041252
(504) 239-1481
Source
Compass
Added: Mar 8, 2024 Updated: Jul 22 at 6:41AM Checked: Jul 22 at 6:41AM
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 LATTER & BLUM INC/REALTORS
Investment Insights
Based on property information with market context.
This fixer-upper duplex at 4425–27 Music Street in New Orleans, LA offers two separate units with a similar layout. Each unit has two bedrooms and one bath upstairs. Downstairs includes a living/dining/kitchen area plus a large den, providing flexible interior space.
The seller notes the property has never flooded. Updates include a newer roof (2019) and exterior painting completed 8/22/25.
Ideal for an owner-occupant or investor looking to bring the property to its full potential, with the existing two-up/two-down style configuration and independent unit living spaces.
The seller notes the property has never flooded. Updates include a newer roof (2019) and exterior painting completed 8/22/25.
Ideal for an owner-occupant or investor looking to bring the property to its full potential, with the existing two-up/two-down style configuration and independent unit living spaces.
Key Highlights
- Duplex built in 1970 with 2 stories and slab foundation
- Each unit has 2 bedrooms and 1 full bath, with both bedrooms upstairs
- Downstairs layout in each unit includes living/dining/kitchen plus a large den
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 | $40.5k | $16.20 |
| − Vacancy | −$3.5k | −$1.40 |
| EGI | $37.0k | $14.80 |
| − OpEx | −$11.1k | −$4.44 |
| NOI | $25.9k | $10.36 |
2,500 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.0K
$323.8K – $431.7K
NOI $25,901 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$321.4K
$281.2K – $375.0K
NOI $22,498 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$654.2K
$572.4K – $763.2K
NOI $45,792 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each unit features two bedrooms and one bath, with living, dining, kitchen, and a large den downstairs.
Where is this duplex located?
The property is located at 4425-27 Music Street New Orleans, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Duplex built in 1970 with 2 stories and slab foundation; Each unit has 2 bedrooms and 1 full bath, with both bedrooms upstairs; Downstairs layout in each unit includes living/dining/kitchen plus a large den
