Duplex with Rear
7706 Burthe Street, New Orleans, LA 70118
For Sale
$725,000
Two separate homes offer distinct bedroom and bathroom layouts, with off-street parking on site.
Property Size2,823 SF
Price / SF$256.82
Days on Market76
Property Features for 7706 Burthe Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Upper Management Realty, LLC
(504) 895-1241
Listed By:
Olivia M Ford · License LA #995686875
(504) 343-1837
Source:
Donaldjulienrealestate
Added: Aug 27
Changed: Nov 8
Last Checked: Nov 10 at 6:43PM
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 Upper Management Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property includes a 2,165-square-foot main house with three bedrooms and one bathroom, plus a separate 612-square-foot rear house with one bedroom and one bathroom. The main residence requires renovation, and the property is offered in its current condition, with no seller repairs or concessions.
Key Highlights
- Main house measures 2,165 square feet and has 3 bedrooms and 1 bathroom
- Separate rear house measures 612 square feet and has 1 bedroom and 1 bathroom
- Off‑street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,746
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,920
$714.9K
Cap Rate 7%
$510,657
$510.7K
Cap Rate 9%
$397,178
$397.2K
Market Conditions
NOI Build-Up for 2,823 SF
Gross rent
$55.9K $19.80/SF
− Vacancy
−$4.8K −$1.71/SF
EGI
$51.1K $18.09/SF
− OpEx
−$15.3K −$5.43/SF
NOI
$35.7K $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%
$714,920
Cap Rate 7%
$510,657
Cap Rate 9%
$397,178
Alternative Uses
Best Use
Multifamily LT 5
$510.7K
$446.8K – $595.8K
NOI $35,746 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$469.4K
$410.7K – $547.6K
NOI $32,856 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$717.5K
$627.8K – $837.1K
NOI $50,226 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,453
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
$451,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in New Orleans, LA
Properties on Market for Duplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes offer distinct bedroom and bathroom layouts, with off-street parking on site.
Where is this duplex located?
The property is located at 7706 Burthe Street New Orleans, LA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Main house measures 2,165 square feet and has 3 bedrooms and 1 bathroom; Separate rear house measures 612 square feet and has 1 bedroom and 1 bathroom; Off‑street parking available
