Two-Story Brick
New
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 Market6
Property Features for 7030 Vicksburg St
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Residential Income
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
(504) 388-5461
Source:
Exprealty
Added: Sep 2
Changed: Sep 6
Last Checked: Sep 7 at 3:15PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,455
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
