Fully Occupied
313 E MAGNOLIA Drive Chalmette, LA 70043
For Sale
$250,000
MULTI_FAMILY - Chalmette, LA
Property Size2,000 SF
Price / SF$125
Days on Market21
Property Features for 313 E MAGNOLIA Drive
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Parking features
Driveway
Standard status
Active
APN
31315emag
Size
2,000 SF
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Architectural style
Ranch
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Christina Scott
(504) 862-0100
Added: Jul 7
Changed: Jul 10
Last Checked: Jul 27 at 12:06PM
MLS# 2566685
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.
Offered for sale, this duplex property is fully occupied and described as providing stable income. The listing indicates a double-unit configuration totaling 2,000 square feet.
Located at 313 E Magnolia Drive in Chalmette, Louisiana, this property is currently tenant-occupied. Please allow 24 hours notice to schedule showings.
Located at 313 E Magnolia Drive in Chalmette, Louisiana, this property is currently tenant-occupied. Please allow 24 hours notice to schedule showings.
Key Highlights
- Double property with stable income; fully occupied
- Central heating and central air conditioning
- Public water source
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 | $34.3k | $17.16 |
| − Vacancy | −$3.0k | −$1.48 |
| EGI | $31.4k | $15.68 |
| − OpEx | −$9.4k | −$4.70 |
| NOI | $21.9k | $10.97 |
2,000 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$313.5K
$274.4K – $365.8K
NOI $21,948 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$293.1K
$256.5K – $342.0K
NOI $20,518 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 14.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale fully occupied with stable income; 24-hour notice required for showings.
Where is this duplex located?
The property is located at 313 E MAGNOLIA Drive Chalmette, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Double property with stable income; fully occupied; Central heating and central air conditioning; Public water source
