Raised Duplex With Private
7220-22 Sycamore Street New Orleans, LA 70118
For Sale
$389,000
Each side offers two bedrooms, a full bath, a den/living area, an equipped kitchen, and its own laundry room.
Property Size1,385 SF
Price / SF$280.87
Days on Market317
Property Features for 7220-22 Sycamore Street
General Information
- Standard status
- Active
- Size
- 1,385 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1921
Listing Agency:
REVE, REALTORS
(504) 606-5445
Listed By:
Barbara Bedestani · License #000077688
(504) 606-5445
Source:
Compass
Added: Sep 10, 2025
Changed: Jul 23
Last Checked: Jul 23 at 4:03AM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
This classic raised duplex features a shared driveway, a covered front porch, and a fully fenced backyard. Both units are laid out with two bedrooms and one full bathroom, along with a large den/living area and a fully equipped kitchen.
Additional convenience is built in with private laundry rooms, one per unit. The property is described as being just half a block from Broadway, positioned for easy access to the surrounding area.
With two self-contained living arrangements, this raised duplex provides a straightforward residential income configuration while retaining shared exterior amenities such as the driveway and fenced yard.
Additional convenience is built in with private laundry rooms, one per unit. The property is described as being just half a block from Broadway, positioned for easy access to the surrounding area.
With two self-contained living arrangements, this raised duplex provides a straightforward residential income configuration while retaining shared exterior amenities such as the driveway and fenced yard.
Key Highlights
- Raised double (1 story) built in 1921 with wood siding and asphalt roof
- 2 units total; each unit has 2 bedrooms, 1 full bathroom, and a den/living area
- Each unit includes a fully equipped kitchen and its own private laundry room
Financial Insights For Multifamily LT 5
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 | $27.4k | $19.80 |
| − Vacancy | −$2.4k | −$1.71 |
| EGI | $25.1k | $18.09 |
| − OpEx | −$7.5k | −$5.43 |
| NOI | $17.5k | $12.66 |
1,385 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$250.5K
$219.2K – $292.3K
NOI $17,538 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$230.3K
$201.5K – $268.7K
NOI $16,120 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$352.0K
$308.0K – $410.7K
NOI $24,641 @ 7.0% cap · market cap 6.33%
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 - Each side offers two bedrooms, a full bath, a den/living area, an equipped kitchen, and its own laundry room.
Where is this duplex located?
The property is located at 7220-22 Sycamore Street New Orleans, LA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Raised double (1 story) built in 1921 with wood siding and asphalt roof; 2 units total; each unit has 2 bedrooms, 1 full bathroom, and a den/living area; Each unit includes a fully equipped kitchen and its own private laundry room
