Move-In Ready Chalmette
2918 PACKENHAM Drive Chalmette, LA 70043
For Sale
$215,000
MULTI_FAMILY - Chalmette, LA
Property Size1,700 SF
Price / SF$126.47
Days on Market228
Property Features for 2918 PACKENHAM Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Parking features
- Driveway
- Standard status
- Active
- APN
- 8
- Size
- 1,700 SF
Taxes and HOA fees
- Tax Description
- as per title
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1983
- Floors in Building
- 1
- Number of units
- 1
- Roof type
- Shingle
- Architectural style
- Ranch
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Troy Lee · License #912124134
(504) 862-0100
Added: Dec 8, 2025
Changed: May 14
Last Checked: Jul 24 at 9:06PM
MLS# 2533854
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.
This multifamily property, located in Chalmette, Louisiana, offers an opportunity for investors or owner-occupiers. The property is a move-in ready duplex. With a property size of 1700 square feet, this residential income property allows an owner to live on one side while renting out the other.
Key Highlights
- Opportunity for owner occupancy with rental income.
- Move‑in ready condition.
- Central heating and central air conditioning.
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 | $29.2k | $17.16 |
| − Vacancy | −$2.5k | −$1.48 |
| EGI | $26.7k | $15.68 |
| − OpEx | −$8.0k | −$4.70 |
| NOI | $18.7k | $10.97 |
1,700 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$266.5K
$233.2K – $310.9K
NOI $18,656 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$249.1K
$218.0K – $290.7K
NOI $17,440 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$448.5K
$392.5K – $523.3K
NOI $31,396 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Income-generating duplex in Chalmette, ideal for owner-occupancy.
Where is this duplex located?
The property is located at 2918 PACKENHAM Drive Chalmette, LA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Opportunity for owner occupancy with rental income.; Move‑in ready condition.; Central heating and central air conditioning.
