Renovated Corner Lot
6801-03 Vicksburg Street New Orleans, LA 70124
6801-03 Vicksburg Street, New Orleans, LA, 70124
$465,000
For Sale
$465,000
Updated duplex with modern amenities in a prime location.
Property Size2,111 SF
Price / SF$220.27
Days on Market84
Property Features for 6801-03 Vicksburg Street
General Information
- Standard status
- Active
- Size
- 2,111 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1962
Listing Agency
RE/MAX Affiliates
(504) 421-0197
Listed by
Shannon Nash · License #995704640
(504) 421-0197
Source
Compass
Added: Apr 25 Checked: Jul 17 at 5:49 am
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 RE/MAX Affiliates
Investment Insights
Based on property information with market context.
This updated corner lot duplex, renovated in 2022, features modern conveniences. Each unit includes two bedrooms, a full bathroom, and an open-concept living and dining area. The kitchens have ample cabinet space and modern appliances. The property is situated on a corner lot offering space for entertaining and relaxing. Each unit has separate entrances and off-street parking. The location provides access to nearby banks, grocery stores, restaurants, and churches. The property is suitable for homeowners or investors.
Key Highlights
- Renovated in 2022, offering modern updates and move‑in‑ready condition.
- Corner lot location provides ample outdoor space.
- Duplex with two separate units, each featuring 2 bedrooms and 1 bathroom.
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 | $41.8k | $19.80 |
| − Vacancy | −$3.6k | −$1.71 |
| EGI | $38.2k | $18.09 |
| − OpEx | −$11.5k | −$5.43 |
| NOI | $26.7k | $12.66 |
2,111 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.9K
$334.1K – $445.5K
NOI $26,731 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$351.0K
$307.1K – $409.5K
NOI $24,570 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$536.5K
$469.5K – $626.0K
NOI $37,558 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Updated duplex with modern amenities in a prime location.
Where is this duplex located?
The property is located at 6801-03 Vicksburg Street New Orleans, LA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Renovated in 2022, offering modern updates and move‑in‑ready condition.; Corner lot location provides ample outdoor space.; Duplex with two separate units, each featuring 2 bedrooms and 1 bathroom.
