Historic Bywater Duplex
706-708 Desire Street New Orleans, LA 70117
For Sale
$425,000
Updated 706-708 duplex offers two one-bedroom units, shared laundry, and direct courtyard access.
Property Size1,550 SF
Price / SF$274.19
Days on Market159
Property Features for 706-708 Desire Street
General Information
- Standard status
- Active
- Size
- 1,550 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1888
Listing Agency:
Wurth Real Estate Services
(504) 258-1800
Listed By:
Steve Richards · License #995683048
(504) 258-1800
Source:
Compass
Added: Feb 14
Changed: Jul 23
Last Checked: Jul 23 at 3:50PM
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 Wurth Real Estate Services
Investment Insights
Based on property information with market context.
706-708 Desire Street is a historic Bywater duplex featuring two one-bedroom, one-bath units with laundry. Unit 706 is set in an L-shaped design with direct access to a courtyard and has updated rear decking. Unit 708 includes a one-bedroom layout with laundry, with access between the two units that allows them to be combined into a single-family configuration or kept as separate guest/rentable space.
The property is located at Desire and Royal, behind Markey Park, and is one block from Crescent Park and the Mississippi River, with multiple restaurants and shopping nearby. Unit 706 is leased through June 2026, while Unit 708 is vacant and easy to show.
A large rear courtyard supports the flexible layout and provides an outdoor space that serves both units.
The property is located at Desire and Royal, behind Markey Park, and is one block from Crescent Park and the Mississippi River, with multiple restaurants and shopping nearby. Unit 706 is leased through June 2026, while Unit 708 is vacant and easy to show.
A large rear courtyard supports the flexible layout and provides an outdoor space that serves both units.
Key Highlights
- Updated 706‑708 duplex with two 1‑bedroom, 1‑bath units (706 and 708).
- Shared laundry with in‑unit laundry hookups for both units.
- Direct courtyard access via an L‑shape design (courtyard access from 706).
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 | $30.7k | $19.80 |
| − Vacancy | −$2.7k | −$1.71 |
| EGI | $28.0k | $18.09 |
| − OpEx | −$8.4k | −$5.43 |
| NOI | $19.6k | $12.66 |
1,550 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.4K
$245.3K – $327.1K
NOI $19,627 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$257.7K
$225.5K – $300.7K
NOI $18,040 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$394.0K
$344.7K – $459.6K
NOI $27,577 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated 706-708 duplex offers two one-bedroom units, shared laundry, and direct courtyard access.
Where is this duplex located?
The property is located at 706-708 Desire Street New Orleans, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Updated 706‑708 duplex with two 1‑bedroom, 1‑bath units (706 and 708).; Shared laundry with in‑unit laundry hookups for both units.; Direct courtyard access via an L‑shape design (courtyard access from 706).
