Two-Unit Residential Income
7705-7707 Green Street New Orleans, LA 70118
7705-7707 Green Street, New Orleans, LA, 70118
$399,000
For Sale
$399,000
Classic New Orleans double with two updated units, each offering 2 bedrooms and 1 bath.
Property Size2,047 SF
Price / SF$194.92
Days on Market296
Property Features for 7705-7707 Green Street
General Information
- Standard status
- Active
- Size
- 2,047 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1930
Listing agency
LATTER & BLUM (LATT27)
(985) 373-0274
Listed by
Stephanie Villani · License #000075285
(985) 373-0274
Source
Compass
Added: Sep 29, 2025 Updated: Jul 20 at 11:59PM Checked: Jul 20 at 11:59PM
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 LATTER & BLUM (LATT27)
Investment Insights
Based on property information with market context.
This for-sale two-unit residential income property consists of a double with two separate units at 7705 and 7707 Green Street. Each unit includes 2 bedrooms and 1 bath, with a spacious living room, kitchen, and laundry room; unit 7705 also includes a dining room. The seller notes many recent updates, and both sides retain multiple appliances, including refrigerators.
Reported updates include a new roof in 2022, new electric panels, all new wiring, new water heaters, new vinyl windows, and new plumbing. The property is described as being located in flood zone X and is not a shotgun layout.
Both units are configured as conventional residential spaces suitable for an owner who wants a two-household setup within one asset, with the existing unit interiors and listed improvements supporting day-to-day occupancy needs.
Reported updates include a new roof in 2022, new electric panels, all new wiring, new water heaters, new vinyl windows, and new plumbing. The property is described as being located in flood zone X and is not a shotgun layout.
Both units are configured as conventional residential spaces suitable for an owner who wants a two-household setup within one asset, with the existing unit interiors and listed improvements supporting day-to-day occupancy needs.
Key Highlights
- Classic New Orleans double with 2 units, each featuring 2 bedrooms and 1 full bath
- 1‑story home built in 1930 with pillar/post/pier foundation and asphalt roof
- Recent updates include new roof (2022), new electric panels, all‑new wiring, and new water heaters
Local 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 | $40.5k | $19.80 |
| − Vacancy | −$3.5k | −$1.71 |
| EGI | $37.0k | $18.09 |
| − OpEx | −$11.1k | −$5.43 |
| NOI | $25.9k | $12.66 |
2,047 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.3K
$324.0K – $432.0K
NOI $25,920 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$340.4K
$297.8K – $397.1K
NOI $23,825 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$520.3K
$455.3K – $607.0K
NOI $36,420 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Classic New Orleans double with two updated units, each offering 2 bedrooms and 1 bath.
Where is this duplex located?
The property is located at 7705-7707 Green Street New Orleans, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Classic New Orleans double with 2 units, each featuring 2 bedrooms and 1 full bath; 1‑story home built in 1930 with pillar/post/pier foundation and asphalt roof; Recent updates include new roof (2022), new electric panels, all‑new wiring, and new water heaters
