Duplex with Fenced Rear
1017-1019 7th Street Gretna, LA 70053
1017-1019 7th Street, Gretna, LA, 70053
$269,900
For Sale
$269,900
Each side offers two bedrooms and one bath, with interior washer and dryer hookups and updated mechanicals and finishes.
Property Size1,650 SF
Price / SF$163.58
Days on Market36
Property Features for 1017-1019 7th Street
General Information
- Standard status
- Active
- Size
- 1,650 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1956
Listing agency
Compass
(504) 583-1712
Listed by
Mary Schulte · License #000011130
(504) 583-1712
Source
Compass
Added: Jun 17 Updated: Jul 21 at 11:30PM Checked: Jul 21 at 11:30PM
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 Compass
Investment Insights
Based on property information with market context.
This duplex offers two mirrored units, each featuring a den, two bedrooms, and one bathroom. Interior washer and dryer hookups are available on both sides. Flooring and select in-unit components have been updated, including replaced kitchen and bathroom floors, medicine cabinets, bathroom light fixtures, and a new toilet. A replaced water heater and bathroom vanity are also noted.
The property includes vinyl window replacements and a fenced rear yard configuration, with privacy separation down the middle so each side has its own outdoor space. The roof was replaced in 2020, and attic insulation is included. Heating and cooling are provided via a total of eight window units, four per side. Gas stoves are present on each side.
Additional information includes a termite contract on the property and privacy-focused rear-yard fencing that supports independent use of each unit.
The property includes vinyl window replacements and a fenced rear yard configuration, with privacy separation down the middle so each side has its own outdoor space. The roof was replaced in 2020, and attic insulation is included. Heating and cooling are provided via a total of eight window units, four per side. Gas stoves are present on each side.
Additional information includes a termite contract on the property and privacy-focused rear-yard fencing that supports independent use of each unit.
Key Highlights
- 1‑story double in Gretna (70053) built in 1956 with 4 bedrooms and 2 full bathrooms total
- Each side has 2 bedrooms and 1 bath, with interior washer/dryer hookups
- Vinyl siding with porch; foundation on pillar/post/pier
Local 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 | $28.3k | $17.16 |
| − Vacancy | −$2.4k | −$1.48 |
| EGI | $25.9k | $15.68 |
| − OpEx | −$7.8k | −$4.70 |
| NOI | $18.1k | $10.97 |
1,650 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.7K
$226.3K – $301.8K
NOI $18,107 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$241.8K
$211.6K – $282.1K
NOI $16,927 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$435.3K
$380.9K – $507.9K
NOI $30,472 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Each side offers two bedrooms and one bath, with interior washer and dryer hookups and updated mechanicals and finishes.
Where is this duplex located?
The property is located at 1017-1019 7th Street Gretna, LA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 1‑story double in Gretna (70053) built in 1956 with 4 bedrooms and 2 full bathrooms total; Each side has 2 bedrooms and 1 bath, with interior washer/dryer hookups; Vinyl siding with porch; foundation on pillar/post/pier
