Updated Duplex with
For Sale
$369,000
7711 OAK Street, New Orleans, LA 70118
Multi-Family, Traditional, New Orleans, LA
Property Size2,245 SF
Price / SF$164.37
Days on Market185
Property Features for 7711 OAK Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Patio and Porch features
Porch
Exterior features
Courtyard, Fence, Porch
Fencing
Fenced
Lot features
Regular
Subdivision
Carrollton
Standard status
Active
APN
7711-Oakst
Size
2,245 SF
Taxes and HOA fees
Tax Description
SQ 155 LOT 7
Legal Description
SQ 155 LOT 7
Utilities
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty New Orleans
Listed By:
Chris Smith
(504) 862-0100
Added: Apr 25
Changed: Oct 13
Last Checked: Oct 26 at 6:06AM
MLS# 2554774
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 2,245-square-foot duplex, built in 1940, includes two residential units and a fully updated owner’s unit. The property features a courtyard, fenced grounds, porch, shingle roof, window-unit cooling, and public water service. The layout supports separate occupancy of the units or use of the full building as one residential property.
The building is located on Oak Street in New Orleans, within the Oak Street corridor. Canseco’s Market, the streetcar line, restaurants, shops, and entertainment venues are located nearby. Major thoroughfares, universities, shopping, dining, and public transportation are also identified in the surrounding area.
The building is located on Oak Street in New Orleans, within the Oak Street corridor. Canseco’s Market, the streetcar line, restaurants, shops, and entertainment venues are located nearby. Major thoroughfares, universities, shopping, dining, and public transportation are also identified in the surrounding area.
Key Highlights
- 2,245‑square‑foot duplex on Oak Street in New Orleans
- Owner’s unit has been fully updated
- Courtyard, fenced grounds, and porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,427
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,540
$568.5K
Cap Rate 7%
$406,100
$406.1K
Cap Rate 9%
$315,856
$315.9K
Market Conditions
NOI Build-Up for 2,245 SF
Gross rent
$44.5K $19.80/SF
− Vacancy
−$3.8K −$1.71/SF
EGI
$40.6K $18.09/SF
− OpEx
−$12.2K −$5.43/SF
NOI
$28.4K $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%
$568,540
Cap Rate 7%
$406,100
Cap Rate 9%
$315,856
Alternative Uses
Best Use
Multifamily LT 5
$406.1K
$355.3K – $473.8K
NOI $28,427 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$373.3K
$326.6K – $435.5K
NOI $26,129 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$570.6K
$499.3K – $665.7K
NOI $39,942 @ 7.0% cap · market cap 10.82%
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
1,601
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with a renovated owner’s residence, enclosed outdoor space, porch, and public water service.
Where is this duplex located?
The property is located at 7711 OAK Street New Orleans, LA.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 2,245‑square‑foot duplex on Oak Street in New Orleans; Owner’s unit has been fully updated; Courtyard, fenced grounds, and porch
