Renovated Duplex Investment
7016-18 Fig Street New Orleans, LA 70125
For Sale
$239,900
Side-by-side duplex with renovated interiors and shared rear yard space per tax records.
Property Size1,776 SF
Price / SF$135.08
Days on Market191
Property Features for 7016-18 Fig Street
General Information
- Standard status
- Active
- Size
- 1,776 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1922
Listing Agency:
Homesmart Realty South
(504) 909-5874
Listed By:
Steve Leaumont · License #000027890
(504) 909-5874
Source:
Compass
Added: Jan 13
Changed: Jul 23
Last Checked: Jul 23 at 6:38PM
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 Homesmart Realty South
Investment Insights
Based on property information with market context.
This side-by-side duplex features a shotgun-style layout and was renovated by the previous owner in 2021. The property consists of two units, each with an open living room and kitchen area.
Unit 7016 includes granite counters, a stainless steel dishwasher with vent, a refrigerator, one full bath, two bedrooms, and an inside laundry area. Unit 7018 offers a similar open living room and kitchen with granite counters, a stainless steel dishwasher with vent, a stove, and a refrigerator, plus inside laundry across from one full bath and three bedrooms, with the last bedroom arranged independently from the other two.
Both units share a large rear area measuring 30 x 151 according to tax records.
Unit 7016 includes granite counters, a stainless steel dishwasher with vent, a refrigerator, one full bath, two bedrooms, and an inside laundry area. Unit 7018 offers a similar open living room and kitchen with granite counters, a stainless steel dishwasher with vent, a stove, and a refrigerator, plus inside laundry across from one full bath and three bedrooms, with the last bedroom arranged independently from the other two.
Both units share a large rear area measuring 30 x 151 according to tax records.
Key Highlights
- Side‑by‑side duplex (shot‑gun style) with 2 full bathrooms and 5 total bedrooms across two units
- Renovated by previous owner in 2021
- Unit 7016: 2 bedrooms, 1 full bath, inside laundry, open living room and kitchen with granite counters and stainless appliances
Financial Insights For Apartment 5plus
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 | $41.3k | $23.28 |
| − Vacancy | −$3.8k | −$2.12 |
| EGI | $37.6k | $21.16 |
| − OpEx | −$16.9k | −$9.52 |
| NOI | $20.7k | $11.64 |
1,776 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.3K
$281.1K – $374.8K
NOI $22,489 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$295.3K
$258.4K – $344.5K
NOI $20,671 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$451.4K
$395.0K – $526.6K
NOI $31,598 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Side-by-side duplex with renovated interiors and shared rear yard space per tax records.
Where is this duplex located?
The property is located at 7016-18 Fig Street New Orleans, LA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Side‑by‑side duplex (shot‑gun style) with 2 full bathrooms and 5 total bedrooms across two units; Renovated by previous owner in 2021; Unit 7016: 2 bedrooms, 1 full bath, inside laundry, open living room and kitchen with granite counters and stainless appliances
