Townhouse-Style Duplex with
For Sale
$699,000
725-27 Desire St, New Orleans, LA 70117
Tenant-occupied duplex in New Orleans’ Bywater neighborhood with HMR-3 zoning.
Property Size1,882 SF
Price / SF$371.41
Days on Market79
Property Features for 725-27 Desire St
General Information
Standard status
Active
Size
1,882 SF
Property subtype
Multi-Family
Zoning
HMR-3
Additional Details
Multifamily Units
2
Amenities
in-ground pool
Building Details
Year Built
2020
Construction
Townhouse Style
Listing Agency:
REVE, REALTORS
Listed By:
Phillipa Bowers
(504) 884-3893
Source:
Fiorellaavenue
Added: Aug 2
Changed: Oct 13
Last Checked: Oct 7 at 4:22PM
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 REVE, REALTORS
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Investment Insights
Based on property information with market context.
This 1,882-square-foot duplex was constructed in 2020 in a townhouse-style configuration and includes an in-ground pool. The property is currently tenant occupied and carries HMR-3 zoning.
Located in New Orleans’ Bywater neighborhood, the property is near the French Quarter, Marigny, and CBD. Satsuma, Alma, Bywater Bakery, Elizabeth’s, and The Country Club are within walking distance. The offering is paired with 3400 Desire St., listed under MLS No. 2488068.
Located in New Orleans’ Bywater neighborhood, the property is near the French Quarter, Marigny, and CBD. Satsuma, Alma, Bywater Bakery, Elizabeth’s, and The Country Club are within walking distance. The offering is paired with 3400 Desire St., listed under MLS No. 2488068.
Key Highlights
- Townhouse‑style duplex built in 2020
- 1,882 square feet of property size
- In‑ground pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,831
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,620
$476.6K
Cap Rate 7%
$340,443
$340.4K
Cap Rate 9%
$264,789
$264.8K
Market Conditions
NOI Build-Up for 1,882 SF
Gross rent
$37.3K $19.80/SF
− Vacancy
−$3.2K −$1.71/SF
EGI
$34.0K $18.09/SF
− OpEx
−$10.2K −$5.43/SF
NOI
$23.8K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,620
Cap Rate 7%
$340,443
Cap Rate 9%
$264,789
Alternative Uses
Best Use
Multifamily LT 5
$340.4K
$297.9K – $397.2K
NOI $23,831 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$312.9K
$273.8K – $365.1K
NOI $21,904 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$478.3K
$418.6K – $558.1K
NOI $33,484 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,274
Businesses Nearby
Explore this area
Business Placement
Demographics for 70117, LA
28,528
Population
15,821
Households
1.8
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,187
Density / Sq Mi
$41,645
Median Household Income
$31,744
Median Earnings
$1,191
Median Rent
$247,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex in New Orleans’ Bywater neighborhood with HMR-3 zoning.
Where is this duplex located?
The property is located at 725-27 Desire St New Orleans, LA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Townhouse‑style duplex built in 2020; 1,882 square feet of property size; In‑ground pool
