Two-Story Brick
For Sale
$499,000
7030 VICKSBURG Street, New Orleans, LA 70124
Multifamily, New Orleans, LA
Property Size2,800 SF
Price / SF$178.21
Days on Market52
Property Features for 7030 VICKSBURG Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2
Parking
2
Parking features
Covered
Subdivision
Lakeview
Lot features
Corner Lot
Directions
Canal Blvd. to Conrad St. to Vicksburg St. Property is on the corner of Vicksburg St. and Conrad St.
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
inside washer/dryer
Building Details
Year built
1959
Number of units
2
Building materials
Brick
Architectural style
Colonial
Buildings
1
Listing Agency:
Riverside Realty, Inc.
(504) 737-8454
Listed By:
Kim L Brandt · License #995682372
(504) 388-5461
Added: Sep 2
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2575035
Copyright © 2026 ROAM MLS. 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 two-story brick duplex, built in 1959, contains two separate residences. The first-floor unit measures 1,576 square feet and has three bedrooms and two full bathrooms. Above it, a 1,134-square-foot unit provides two bedrooms, one bathroom, and original wood flooring. Both homes have interior washer and dryer appliances, central heating, and central air conditioning.
The property occupies a corner lot. A replacement roof was installed in 2023, and covered parking is available. Public water and sewer serve the building, with natural gas available.
The property occupies a corner lot. A replacement roof was installed in 2023, and covered parking is available. Public water and sewer serve the building, with natural gas available.
Key Highlights
- Two residences: 1,576 square feet with 3 bedrooms and 2 full bathrooms; 1,134 square feet with 2 bedrooms and 1 bathroom
- Brick, two‑story building constructed in 1959
- Roof installed in 2023
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.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Paved road access
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
Check the figures for this property
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 residences offer different bedroom and bathroom 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 residences: 1,576 square feet with 3 bedrooms and 2 full bathrooms; 1,134 square feet with 2 bedrooms and 1 bathroom; Brick, two‑story building constructed in 1959; Roof installed in 2023
