Two-Story Brick
For Sale
$499,000
7030 Vicksburg St, New Orleans, LA 70124
Corner-lot duplex with two residences, original wood flooring, and in-unit laundry in Lakeview.
Property Size2,800 SF
Price / SF$178.21
Days on Market52
Property Features for 7030 Vicksburg St
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Lakeview
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
washer/dryer
Building Details
Buildings
1
Stories
2
Construction
Colonial Style brick
Listing Agency:
Riverside Realty, Inc.
(504) 737-8454
Listed By:
Kim Brandt · License #995682372
(504) 388-5461
Source:
Exprealty
Added: Sep 2
Changed: Oct 16
Last Checked: Oct 23 at 10:27AM
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 Riverside Realty, Inc.
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Investment Insights
Based on property information with market context.
Located at 7030 Vicksburg St in New Orleans, this Colonial-style brick duplex is arranged across two stories on a corner lot. The downstairs residence measures 1,576 square feet and includes three bedrooms, two full bathrooms, and generous living space. Upstairs, the 1,134-square-foot unit offers two bedrooms, one bathroom, and original wood floors. Both residences include inside washer and dryer connections or equipment.
The property is situated in Lakeview, minutes from the lake and one block from Canal Boulevard and Allen Toussaint Boulevard. A roof replacement was completed in 2023, adding a recent major improvement to the building.
The property is situated in Lakeview, minutes from the lake and one block from Canal Boulevard and Allen Toussaint Boulevard. A roof replacement was completed in 2023, adding a recent major improvement to the building.
Key Highlights
- Two‑story Colonial‑style brick duplex on a corner lot
- Downstairs unit: 1,576 square feet with 3 bedrooms and 2 full bathrooms
- Upstairs unit: 1,134 square feet with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,455
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,100
$709.1K
Cap Rate 7%
$506,500
$506.5K
Cap Rate 9%
$393,944
$393.9K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$55.4K $19.80/SF
− Vacancy
−$4.8K −$1.71/SF
EGI
$50.6K $18.09/SF
− OpEx
−$15.2K −$5.43/SF
NOI
$35.5K $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 Rate 5%
$709,100
Cap Rate 7%
$506,500
Cap Rate 9%
$393,944
Alternative Uses
Best Use
Multifamily LT 5
$506.5K
$443.2K – $590.9K
NOI $35,455 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$465.6K
$407.4K – $543.2K
NOI $32,589 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$711.7K
$622.7K – $830.3K
NOI $49,817 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot duplex with two residences, original wood flooring, and in-unit laundry in Lakeview.
Where is this duplex located?
The property is located at 7030 Vicksburg St New Orleans, LA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑story Colonial‑style brick duplex on a corner lot; Downstairs unit: 1,576 square feet with 3 bedrooms and 2 full bathrooms; Upstairs unit: 1,134 square feet with 2 bedrooms and 1 bathroom
