New Orleans Duplex with
For Sale
$699,000
725-27 DESIRE Street, New Orleans, LA 70117
MULTI_FAMILY - New Orleans, LA
Property Size1,882 SF
Lot Size0.08 Acres
Price / SF$371.41
Days on Market516
Property Features for 725-27 DESIRE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Patio and Porch features
Porch
Exterior features
Balcony, Porch
Lot features
Regular
Subdivision
Bywater
Standard status
Active
APN
39W107917
Size
1,882 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
SQ 174 LOT 5 OR 19 DESIRE 29 X 120
Legal Description
SQ 174 LOT 5 OR 19 DESIRE 29 X 120
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2020
Floors in Building
2
Number of units
2
Roof type
Asphalt
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Phillipa Bowers
(504) 300-0700
Added: Mar 2, 2025
Changed: Apr 27
Last Checked: Jul 31 at 9:06AM
MLS# 2488070
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a rare opportunity to purchase a newly constructed townhouse-style duplex, built in 2020, featuring an in-ground pool. It is located in the Bywater Neighborhood of New Orleans, offering close proximity to the French Quarter, Marigny, and the Central Business District. The property is conveniently located steps from Satsuma, Alma, Bywater Bakery, Elizabeth's, and The Country Club. The property is zoned HMR-3 and is currently tenant occupied. The property size is 1882 square feet and the lot size is 0.0799 acres. It is intended for use as a duplex or multifamily residential income property. It is to be sold as a package along with another property.
Key Highlights
- Newly constructed (2020) townhouse‑style duplex.
- Enjoy an in‑ground private pool.
- Prime Bywater neighborhood location, near French Quarter, Marigny, and CBD.
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 | $37.3k | $19.80 |
| − Vacancy | −$3.2k | −$1.71 |
| EGI | $34.0k | $18.09 |
| − OpEx | −$10.2k | −$5.43 |
| NOI | $23.8k | $12.66 |
1,882 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Newly constructed duplex with pool in the Bywater neighborhood.
Where is this duplex located?
The property is located at 725-27 DESIRE Street 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: Newly constructed (2020) townhouse‑style duplex.; Enjoy an in‑ground private pool.; Prime Bywater neighborhood location, near French Quarter, Marigny, and CBD.
