Duplex with In-Ground
For Sale
$699,000
725-27 DESIRE Street, New Orleans, LA 70117
Multifamily, New Orleans, LA
Property Size1,882 SF
Lot Size0.08 Acres
Price / SF$371.41
Days on Market600
Property Features for 725-27 DESIRE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Parking features
Off Street
Patio and Porch features
Porch
Standard status
Active
APN
39W107917
Size
1,882 SF
Lot size
0.08 Acres
Additional Details
Tenant in Place
Yes
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-ground pool
Building Details
Year built
2020
Number of units
2
Building materials
HardiPlank Type
Buildings
1
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Phillipa Bowers · License #995703036
(504) 884-3893
Added: Mar 2, 2025
Changed: Oct 23
Last Checked: Oct 23 at 8:06PM
MLS# 2488070
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,882-square-foot townhouse-style duplex was built in 2020 and includes an in-ground pool, a porch, and off-street parking. Central heating and air conditioning serve the property, which has public water and sewer service. The site measures 0.0799 acres and carries HMR-3 zoning.
The duplex is tenant occupied and must be purchased as part of a package with 3400 Desire St. Nearby dining and neighborhood destinations include Satsuma, Alma, Bywater Bakery, Elizabeth's, and The Country Club. The property is in New Orleans' Bywater neighborhood, with the French Quarter, Marigny, and CBD described as being close by.
The duplex is tenant occupied and must be purchased as part of a package with 3400 Desire St. Nearby dining and neighborhood destinations include Satsuma, Alma, Bywater Bakery, Elizabeth's, and The Country Club. The property is in New Orleans' Bywater neighborhood, with the French Quarter, Marigny, and CBD described as being close by.
Key Highlights
- 1,882‑square‑foot townhouse‑style duplex built in 2020
- In‑ground pool, porch, and off‑street parking
- 0.0799‑acre site with HMR‑3 zoning
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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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2020, the tenant-occupied property is offered together with another property on Desire Street.
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: 1,882‑square‑foot townhouse‑style duplex built in 2020; In‑ground pool, porch, and off‑street parking; 0.0799‑acre site with HMR‑3 zoning
