Updated Duplex For
7711 OAK Street New Orleans, LA 70118
For Sale
$410,000
MULTI_FAMILY - New Orleans, LA
Property Size2,245 SF
Price / SF$182.63
Days on Market94
Property Features for 7711 OAK Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
Courtyard, Fence, Porch
Fencing
Fenced
Standard status
Active
APN
7711-Oakst
Size
2,245 SF
Taxes and HOA fees
Tax Description
SQ 155 LOT 7
Utilities
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Chris Smith · License #0638748
(504) 862-0100
Added: Apr 25
Changed: Jul 23
Last Checked: Jul 27 at 12:06PM
MLS# 2554774
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.
7711–13 Oak Street is a well-maintained duplex for sale with two separate units. The owner’s unit has been fully updated and is described as move-in ready, with a clean, well-cared-for living space. The property is arranged to provide flexible floor plan options, with room to expand or customize.
The property is positioned on the Oak Street corridor and is described as being just blocks from Canseco’s Market and the streetcar line, with nearby restaurants, shops, and entertainment. The listing also notes easy access to major thoroughfares, universities, shopping, dining, and public transportation.
With over 2,200 square feet of living area, the duplex can be used as an owner-occupied arrangement with rental income from the second unit or as a single investment property.
The property is positioned on the Oak Street corridor and is described as being just blocks from Canseco’s Market and the streetcar line, with nearby restaurants, shops, and entertainment. The listing also notes easy access to major thoroughfares, universities, shopping, dining, and public transportation.
With over 2,200 square feet of living area, the duplex can be used as an owner-occupied arrangement with rental income from the second unit or as a single investment property.
Key Highlights
- Prime location in the heart of the vibrant Oak Street corridor.
- Move‑in ready, fully updated owner's unit with substantial improvements.
- Flexible floor plan with over 2,200 sq ft, suitable for owner‑occupants, multi‑generational living, or rental income.
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 | $44.5k | $19.80 |
| − Vacancy | −$3.8k | −$1.71 |
| EGI | $40.6k | $18.09 |
| − OpEx | −$12.2k | −$5.43 |
| NOI | $28.4k | $12.66 |
2,245 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$406.1K
$355.3K – $473.8K
NOI $28,427 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$373.3K
$326.6K – $435.5K
NOI $26,129 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$570.6K
$499.3K – $665.7K
NOI $39,942 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex offers an updated move-in ready unit and flexible layout across two residences.
Where is this duplex located?
The property is located at 7711 OAK Street New Orleans, LA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Prime location in the heart of the vibrant Oak Street corridor.; Move‑in ready, fully updated owner's unit with substantial improvements.; Flexible floor plan with over 2,200 sq ft, suitable for owner‑occupants, multi‑generational living, or rental income.
