Elevated Duplex With Private
New
For Sale
$850,000
107 09 W Brooks St, New Orleans, LA 70124
Two-level property combines a seven-room main residence with a separately entered apartment and three driveways.
Property Size4,577 SF
Price / SF$185.71
Days on Market7
Property Features for 107 09 W Brooks St
General Information
Standard status
Active
Size
4,577 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Amenities
hardwood floors
granite countertops
stainless steel appliances
dumbwaiter
breezeway
large backyard
Building Details
Year Built
2007
Stories
2
Listing Agency:
Realty One Group Immobilia
(504) 722-7222
Listed By:
Darren Zuppardo · License #000000101
Source:
Dominionplace
Added: Aug 26
Changed: Aug 30
Last Checked: Aug 31 at 7:37PM
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 Realty One Group Immobilia
Investment Insights
Based on property information with market context.
This elevated duplex includes a two-story primary residence with 7 rooms and an attached 2-bedroom, 1-bath apartment that has its own entrance and private separation. Hardwood flooring, granite countertops, stainless steel appliances, and a full-size dumbwaiter serving all three levels add functional detail to the interior. An expansive breezeway provides additional gathering space, while the large backyard extends the property’s outdoor area.
Three separate driveways provide on-site parking and circulation. The property offers access to I-10, Veterans Boulevard, Lakeview, Mid-City, and Uptown, placing several named New Orleans areas and transportation connections within the surrounding context. Built in 2007, the configuration supports a primary residence alongside a distinct apartment component.
Three separate driveways provide on-site parking and circulation. The property offers access to I-10, Veterans Boulevard, Lakeview, Mid-City, and Uptown, placing several named New Orleans areas and transportation connections within the surrounding context. Built in 2007, the configuration supports a primary residence alongside a distinct apartment component.
Key Highlights
- Attached 2‑bedroom, 1‑bath apartment with its own entrance
- Main residence includes 7 rooms across a two‑story layout
- 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
Current Use
Lease Details
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level property combines a seven-room main residence with a separately entered apartment and three driveways.
Where is this duplex located?
The property is located at 107 09 W Brooks St 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: Attached 2‑bedroom, 1‑bath apartment with its own entrance; Main residence includes 7 rooms across a two‑story layout; Full‑size dumbwaiter connects all three levels
