Colonial Duplex with Two
For Sale
$499,000
7030 VICKSBURG Street, New Orleans, LA 70124
Multi-Family, Colonial, New Orleans, LA
Property Size2,800 SF
Price / SF$178.21
Days on Market48
Property Features for 7030 VICKSBURG Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Carport, Covered
Subdivision
Lakeview
Lot features
Corner
Standard status
Active
APN
206412708
Size
2,800 SF
Taxes and HOA fees
Tax Description
SQ 47B PT LOT 5 VICKSBURG AND CONRAD 50X89
Legal Description
SQ 47B PT LOT 5 VICKSBURG AND CONRAD 50X89
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
inside Washer/Dryer
Building Details
Year built
1959
Floors in Building
2
Number of units
2
Roof type
Flat
Architectural style
Colonial
Listing Agency:
Riverside Realty, Inc.
(504) 737-8454
Listed By:
Kim Brandt
(504) 388-5461
Added: Sep 2
Changed: Sep 25
Last Checked: Oct 19 at 1:06PM
MLS# 2575035
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.
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Investment Insights
Based on property information with market context.
This 1959 Colonial-style duplex contains two residences totaling 2,800 square feet. The first-floor unit measures 1,576 square feet and has three bedrooms and two full bathrooms; the upper unit has 1,134 square feet, two bedrooms, and one bathroom. Both homes include interior washer and dryer connections, central heating, and central air. The upper residence retains original wood flooring. A 2023 roof and relatively recent HVAC systems serve the property.
The duplex occupies a corner lot in New Orleans, one block from Canal Boulevard and Allen Toussaint Boulevard. The property also includes covered carport parking, a flat roof, and public water service.
The duplex occupies a corner lot in New Orleans, one block from Canal Boulevard and Allen Toussaint Boulevard. The property also includes covered carport parking, a flat roof, and public water service.
Key Highlights
- Two‑unit Colonial duplex built in 1959
- First‑floor residence: 1,576 square feet, 3 bedrooms, and 2 full bathrooms
- Upper residence: 1,134 square feet, 2 bedrooms, 1 bathroom, and original wood floors
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer different bedroom and bath configurations, with in-unit laundry in each.
Where is this duplex located?
The property is located at 7030 VICKSBURG Street 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‑unit Colonial duplex built in 1959; First‑floor residence: 1,576 square feet, 3 bedrooms, and 2 full bathrooms; Upper residence: 1,134 square feet, 2 bedrooms, 1 bathroom, and original wood floors
