Oak Street Duplex
7711 OAK Street New Orleans, LA 70118
7711 OAK Street, New Orleans, LA, 70118
$410,000
For Sale
$410,000
MULTI_FAMILY - New Orleans, LA
Property Size2,245 SF
Price / SF$182.63
Days on Market84
Property Features for 7711 OAK Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Courtyard, Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 7711-Oakst
- Size
- 2,245 SF
Taxes and HOA fees
- Tax 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
(504) 862-0100
8601 Leake Ave., New Orleans, LA
Listed by
Chris Smith · License #000009641
(504) 862-0100
Added: Apr 25 Checked: Jul 17 at 10:06 pm
MLS# 2554774
Listing URL
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.
Investment Insights
Based on property information with market context.
Located in the Oak Street corridor, 7711-13 Oak Street is a well-maintained duplex. The property is situated blocks from Canseco's Market, the streetcar line, restaurants, shops, and entertainment options. The owner's unit has been fully updated. With over 2,200 living square feet, the property offers flexible floor plan options. Both units present a versatile opportunity to occupy one side and lease the other or utilize the entire property as an investment. The property reflects pride of ownership. It is located for convenience with easy access to major thoroughfares, universities, shopping, dining, and public transportation. The property is located in New Orleans, LA 70118.
Key Highlights
- Prime location in the heart of the vibrant Oak Street corridor.
- Move‑in ready, fully updated owner's unit with substantial improvements.
- Flexible floor plan with over 2,200 sq ft, suitable for owner‑occupants, multi‑generational living, or rental income.
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 | $44.5k | $19.80 |
| − Vacancy | −$3.8k | −$1.71 |
| EGI | $40.6k | $18.09 |
| − OpEx | −$12.2k | −$5.43 |
| NOI | $28.4k | $12.66 |
2,245 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$406.1K
$355.3K – $473.8K
NOI $28,427 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$373.3K
$326.6K – $435.5K
NOI $26,129 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$570.6K
$499.3K – $665.7K
NOI $39,942 @ 7.0% cap · market cap 9.74%
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 - Well-maintained duplex in the heart of the vibrant Oak Street.
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 $410,000.
What are key features of this property?
This property features: Prime location in the heart of the vibrant Oak Street corridor.; Move‑in ready, fully updated owner's unit with substantial improvements.; Flexible floor plan with over 2,200 sq ft, suitable for owner‑occupants, multi‑generational living, or rental income.
