Two-Unit Residential Income
For Sale
$399,000
7705-7707 Green Street, New Orleans, LA 70118
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 Market305
Property Features for 7705-7707 Green Street
General Information
Standard status
Active
Size
2,047 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Additional Details
Multifamily Units
2
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
Changed: Jul 20
Last Checked: Jul 29 at 12:13PM
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
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 authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
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 - 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
