Duplex with Updated Owner's
For Sale
$369,000
7711 OAK Street, New Orleans, LA 70118
Multifamily, New Orleans, LA
Property Size2,245 SF
Price / SF$164.37
Days on Market183
Property Features for 7711 OAK Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Patio and Porch features
Porch
Directions
Six Blocks Lake side of Saint Charles on the lake side of Oak St. between Burdette and Adams
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1940
Number of units
2
Building materials
Frame, HardiPlank Type
Architectural style
Other
Buildings
1
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Chris M Smith · License #000009641
(504) 231-2004
Added: Apr 25
Changed: Oct 23
Last Checked: Oct 24 at 1:06AM
MLS# 2554774
Copyright © 2026 ROAM MLS. 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.
Built in 1940, this duplex contains 2,245 square feet across two units. The owner's residence has been updated; the property also includes a porch and frame construction with HardiPlank siding. Window-unit cooling serves the building, and natural gas is available. Public water and sewer are connected.
The property is on Oak Street near Canseco's Market, the streetcar line, and a mix of restaurants and shops. Its two-unit arrangement allows one residence to be occupied separately from the other.
The property is on Oak Street near Canseco's Market, the streetcar line, and a mix of restaurants and shops. Its two-unit arrangement allows one residence to be occupied separately from the other.
Key Highlights
- 2,245 square feet across two units
- Owner's residence has been updated
- Built in 1940 with frame and HardiPlank Type construction
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
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
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 - A two-unit property pairs a renovated residence with a second unit for separate occupancy.
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 feet across two units; Owner's residence has been updated; Built in 1940 with frame and HardiPlank Type construction
