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    Move-In Ready Chalmette Duplex Title is generated by Realmo AI

    2918 PACKENHAM Drive, Chalmette, LA 70043

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    For Sale
    $215,000

    MULTI_FAMILY - Chalmette, LA

    Type:Single Family Residence
    Property size:
    1,700 SF
    Price / SF:
    $126/SF
    Added:
    Dec 8, 2025
    Days on Market:
    183
    Last Refresh:
    Jun 9 at 1:06 pm

    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

    We can help!

    Listing Contact
    Troy Lee

    Listing agent Troy Lee License #912124134

    Listing office Keller Williams Realty New Orleans 8601 Leake Ave., New Orleans, LA

    Listing date Dec 8, 2025

    MLS# 2533854 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.

    HighLights

    • Opportunity for owner occupancy with rental income.
    • Move‑in ready condition.
    • Central heating and central air conditioning.
    • Driveway parking.
    • Built in 1983.
    • Shingle roof.

    Overview

    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.

    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 $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 (±1% cap)
    NOI $18,656 @ 7.0% cap · market cap 8.68%
    Second Best
    Apartment 5plus
    $249.1K
    $218.0K – $290.7K (±1% cap)
    NOI $17,440 @ 7.0% cap · market cap 8.11%
    Theoretical Best
    Office A
    $448.5K
    $392.5K – $523.3K (±1% cap)
    NOI $31,396 @ 7.0% cap · market cap 14.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Chalmette
    County
    St. Bernard
    State
    Louisiana
    Longitude
    -89.970096
    Latitude
    29.94889

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    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.
    (504) 862-0100
    We can help!
    Listing Contact
    Troy Lee
    Real Estate License ID: 912124134
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