216 TRANSCONTINENTAL Drive Metairie, LA 70001
MULTI_FAMILY - Metairie, LA
Property Features for 216 TRANSCONTINENTAL Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport, Driveway
- Standard status
- Active
- APN
- 0820035906
- Size
- 1,976 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- LOT 20 SQ 6 SEC A 9944935 BRIDGEDALE 2453/123 2457/070
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1959
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Phillip Lirette (504) 669-8822
Listing office KELLER WILLIAMS REALTY 455-0100 3500 N Causeway Blvd Suite 350, Metairie, LA (504) 455-0100
Listing date Jul 13, 2026
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.
The property is located in Metairie, with access to I-10 and Veterans Memorial Boulevard described in the remarks, along with nearby shopping, dining, and Louis Armstrong New Orleans International Airport.
The duplex is being sold as-is and will require repairs and renovations throughout. It offers a straightforward two-unit residential income setup for an investor seeking to update the property and manage both units within a single asset.
Key Highlights
- Duplex built in 1959 with central heating and central air
- Downstairs unit: 2 bed / 1 bath and currently vacant
- Upstairs unit: 1 bed / 1 bath and tenant occupied
Local Financial Insights For Apartment 5plus
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 | $35.6k | $18.00 |
| − Vacancy | −$2.1k | −$1.08 |
| EGI | $33.4k | $16.92 |
| − OpEx | −$15.0k | −$7.61 |
| NOI | $18.4k | $9.31 |
