Elevated Duplex with Private
For Sale
$850,000
107 W BROOKS Street, New Orleans, LA 70124
Multi-Family, New Orleans, LA
Property Size4,577 SF
Price / SF$185.71
Days on Market82
Property Features for 107 W BROOKS Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, Covered
Security features
Security
Patio and Porch features
Patio, Porch
Exterior features
Balcony, Fence, Outdoor Entertainment Area Beyond Your Average Patio, Porch, Security Cameras, Window Screens
Fencing
Fenced
Lot features
Corner, Irregular
Standard status
Active
APN
716501501
Size
4,577 SF
Taxes and HOA fees
Tax Description
METAIRIE PARK SUB DIV SQ 5 LOT 8-A-1117.66/71.78120/128.56 107-09 W BROOKS
Legal Description
METAIRIE PARK SUB DIV SQ 5 LOT 8-A-1117.66/71.78120/128.56 107-09 W BROOKS
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
granite countertops
stainless steel appliances
dumbwaiter
breezeway
backyard
Building Details
Year built
2007
Floors in Building
2
Number of units
2
Listing Agency:
Realty One Group Immobilia
(504) 405-3211
Listed By:
Darren Zuppardo · License #000000101
(504) 722-7222
Added: Jul 16
Changed: Sep 16
Last Checked: Oct 5 at 9:06AM
MLS# 2567969
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.
Built in 2007, this 4,577-square-foot elevated duplex combines a seven-room main residence with a separately accessed two-bedroom, one-bath apartment. The primary home spans two stories, while a full-size dumbwaiter serves all three levels. Interior features include hardwood flooring, granite countertops, stainless steel appliances, central heating and air conditioning, and a balcony. An expansive breezeway, porch, patio, and fenced backyard provide additional usable space. Three separate driveways, including covered and off-street parking, support flexible vehicle access. The property also includes public water, window screens, and security cameras. Its New Orleans setting provides access to I-10, Veterans Blvd, Lakeview, Mid-City, and Uptown.
Key Highlights
- 4,577 SF duplex built in 2007
- Seven‑room main residence with a separate 2‑bedroom, 1‑bath apartment
- Full‑size dumbwaiter connects all three levels
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,956
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,159,120
$1.2M
Cap Rate 7%
$827,943
$827.9K
Cap Rate 9%
$643,956
$644.0K
Market Conditions
NOI Build-Up for 4,577 SF
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.
Gross rent
$90.6K $19.80/SF
− Vacancy
−$7.8K −$1.71/SF
EGI
$82.8K $18.09/SF
− OpEx
−$24.8K −$5.43/SF
NOI
$58.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,159,120
Cap Rate 7%
$827,943
Cap Rate 9%
$643,956
Alternative Uses
Best Use
Multifamily LT 5
$827.9K
$724.5K – $965.9K
NOI $57,956 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$761.0K
$665.9K – $887.9K
NOI $53,271 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,433 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Explore this area
Business Placement
Demographics for 70124, LA
22,777
Population
8,919
Households
2.6
Avg Household Size
37
Median Age
70%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,400
Density / Sq Mi
$121,318
Median Household Income
$66,323
Median Earnings
$1,752
Median Rent
$577,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level residence includes a separate-entry apartment, hardwood floors, central HVAC, covered parking, and a fenced backyard.
Where is this duplex located?
The property is located at 107 W BROOKS Street New Orleans, LA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,577 SF duplex built in 2007; Seven‑room main residence with a separate 2‑bedroom, 1‑bath apartment; Full‑size dumbwaiter connects all three levels
