Duplex with Front
For Sale
$499,000
Pending
7601 03 Hampson St, New Orleans, LA 70118
Two-unit property with hardwood floors, spacious interiors, flexible layouts, and distinctive architectural detailing.
Property Size3,483 SF
Days on Market27
Property Features for 7601 03 Hampson St
General Information
Standard status
Pending
Size
3,483 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Tuxor Realty
(713) 893-5580
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Sep 22
Changed: Oct 15
Last Checked: Oct 16 at 9:17AM
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 Tuxor Realty
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Investment Insights
Based on property information with market context.
Built in 1910, this 3,483-square-foot duplex combines classic architectural elements with a practical two-unit configuration. Both residences include generous room proportions, hardwood flooring, living and dining areas, abundant natural light, and front porches. The upper residence adds an oversized arched window facing the tree-lined street, while the layouts provide flexibility for owner occupancy, rental use, or multigenerational living.
The property is located at 7601 03 Hampson St in New Orleans’ Uptown area. St. Charles Avenue and the shops, restaurants, and cafés of Maple Street are each one block away. Audubon Park, Tulane University, and Loyola University are also within walking distance, placing the duplex near established educational, recreational, and neighborhood amenities.
The property is located at 7601 03 Hampson St in New Orleans’ Uptown area. St. Charles Avenue and the shops, restaurants, and cafés of Maple Street are each one block away. Audubon Park, Tulane University, and Loyola University are also within walking distance, placing the duplex near established educational, recreational, and neighborhood amenities.
Key Highlights
- 3,483‑square‑foot duplex built in 1910
- Two‑unit layout with flexible floor plans
- Hardwood floors, spacious living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,103
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,060
$882.1K
Cap Rate 7%
$630,043
$630.0K
Cap Rate 9%
$490,033
$490.0K
Market Conditions
NOI Build-Up for 3,483 SF
Gross rent
$69.0K $19.80/SF
− Vacancy
−$6.0K −$1.71/SF
EGI
$63.0K $18.09/SF
− OpEx
−$18.9K −$5.43/SF
NOI
$44.1K $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%
$882,060
Cap Rate 7%
$630,043
Cap Rate 9%
$490,033
Alternative Uses
Best Use
Multifamily LT 5
$630.0K
$551.3K – $735.1K
NOI $44,103 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$579.1K
$506.7K – $675.6K
NOI $40,538 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$885.3K
$774.6K – $1.03M
NOI $61,968 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,453
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
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 - Two-unit property with hardwood floors, spacious interiors, flexible layouts, and distinctive architectural detailing.
Where is this duplex located?
The property is located at 7601 03 Hampson St New Orleans, LA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,483‑square‑foot duplex built in 1910; Two‑unit layout with flexible floor plans; Hardwood floors, spacious living and dining areas
