Renovated Duplex with Covered
7840-42 Shubert Street New Orleans, LA 70126
7840-42 Shubert Street, New Orleans, LA, 70126
$280,000
For Sale
$280,000
Recently renovated 6-bedroom, 4-bath double with off-street covered parking and exterior storage.
Property Size1,360 SF
Price / SF$205.88
Days on Market73
Property Features for 7840-42 Shubert Street
General Information
- Standard status
- Active
- Size
- 1,360 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1968
Listing agency
Composite Realty Group, LLC
(504) 430-4490
Listed by
Demi Miller Miller · License #995717734
(504) 430-4490
Source
Compass
Added: May 11 Updated: Jul 21 at 8:15PM Checked: Jul 21 at 8:15PM
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 Composite Realty Group, LLC
Investment Insights
Based on property information with market context.
This recently renovated duplex offers spacious rooms with a total of 6 bedrooms and 4 bathrooms across the double. The property was renovated after being occupied by tenants for more than 10 years, and it includes off-street covered parking along with exterior storage.
Located at 7840-42 Shubert Street in New Orleans, LA 70126, the setup is suited for tenants or buyers looking for a residential income property with practical on-site parking and storage. Schedule a showing to review the layout and finishes in person.
Located at 7840-42 Shubert Street in New Orleans, LA 70126, the setup is suited for tenants or buyers looking for a residential income property with practical on-site parking and storage. Schedule a showing to review the layout and finishes in person.
Key Highlights
- Recently renovated 6‑bedroom, 4‑bath double (1 story), built in 1968
- Central heating and central A/C
- Brick construction with asphalt roof and slab foundation
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 | $17.5k | $12.84 |
| − Vacancy | −$1.6k | −$1.17 |
| EGI | $15.9k | $11.67 |
| − OpEx | −$4.8k | −$3.50 |
| NOI | $11.1k | $8.17 |
1,360 SF · lease $12.84/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$158.7K
$138.9K – $185.2K
NOI $11,111 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$153.0K
$133.9K – $178.5K
NOI $10,711 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$356.7K
$312.1K – $416.2K
NOI $24,970 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Recently renovated 6-bedroom, 4-bath double with off-street covered parking and exterior storage.
Where is this duplex located?
The property is located at 7840-42 Shubert Street New Orleans, LA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Recently renovated 6‑bedroom, 4‑bath double (1 story), built in 1968; Central heating and central A/C; Brick construction with asphalt roof and slab foundation
