Fontainebleau Triplex: Income Potential

6216-18 FONTAINEBLEAU Drive, New Orleans, LA 70125

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Pending

$595,000

MULTI_FAMILY - New Orleans, LA

Property size:

3,311 SF

Lot size:

0.10 Acres

HighLights

Triplex on a corner lot in the Fontainebleau neighborhood; main home features two separate upper and lower 2BR/2BA units.
Each main unit offers approximately 1,300 SF of living space; upper unit includes a private balcony overlooking Fontainebleau Drive.
Detached rear efficiency is currently occupied, with potential rental income of $1,200/month.
Total configuration: 5 bedrooms and 5 full baths across approximately 3,311 SF, with projected gross rental income of $5,200+/month when fully leased.
Exterior includes a covered front porch, upper balcony, and fenced yard.
Built in 1940 with shingle roof; public water; Central Air plus ductless/other heating.

We can help!

Contact an agent

Edward Breaux

Pending

$595,000

MULTI_FAMILY - New Orleans, LA

Property size:

3,311 SF

Lot size:

0.10 Acres

Added:: Mar 25, 2026
Days on Market:: 95
Last Refresh:: Jun 27 at 4:06 pm

Property Features for 6216-18 FONTAINEBLEAU Drive

General Information

Property type: Residential Multi Family
Property subtype: Other
Patio and Porch features: Porch
Exterior features: Balcony, Fence, Porch
Fencing: Fenced
Standard status: Pending
APN: 615210906
Size: 3,311 SF
Lot size: 0.10 Acres

Taxes and HOA fees

Tax Description: BURTHEVILLE SQ 146 LOT Y FONTAINEBLEAU & CALHOUN 42X104 DUP-W 6216-18 FONTAINEBLEAU DR FILE #79137 5/99

Utilities

Heating system: Ductless (Heating), Central, Other (Heating)
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1940
Floors in Building: 2
Number of units: 3
Roof type: Shingle
Architectural style: Colonial

We can help!

Contact an agent

Edward Breaux

Listing agent Edward Breaux

Listing office Berkshire Hathaway HomeServices Preferred, REALTOR 4018 Magazine St., New Orleans, LA

Listing date Mar 25, 2026

MLS# 2549136 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

Triplex on a corner lot in the Fontainebleau neighborhood; main home features two separate upper and lower 2BR/2BA units.
Each main unit offers approximately 1,300 SF of living space; upper unit includes a private balcony overlooking Fontainebleau Drive.
Detached rear efficiency is currently occupied, with potential rental income of $1,200/month.
Total configuration: 5 bedrooms and 5 full baths across approximately 3,311 SF, with projected gross rental income of $5,200+/month when fully leased.
Exterior includes a covered front porch, upper balcony, and fenced yard.
Built in 1940 with shingle roof; public water; Central Air plus ductless/other heating.

Overview

This well-maintained triplex is located on a corner lot in the Fontainebleau neighborhood, offering convenient access to the interstate, downtown, Carrollton, Uptown, and nearby universities. The property features a charming exterior with a covered front porch and upper balcony. Interior details include hardwood floors and millwork. The main house is configured as two separate upper and lower units, each offering 2 bedrooms and 2 full baths with approximately 1,300 square feet of living space and abundant natural light. The upper unit includes a private balcony overlooking Fontainebleau Drive. Both units are currently vacant, providing immediate opportunity for an owner-occupant or lease-up at market rents. A detached rear efficiency is currently occupied, with potential rental income of $1,200/month. The property is located in an X flood zone and has a total configuration of 5 bedrooms and 5 full baths across approximately 3,311 square feet. Projected gross rental income is conservatively $5,200+/month when fully leased. The lot size is 0.1003 acres.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$65.6k	$19.80
− Vacancy	−$5.7k	−$1.71
EGI	$59.9k	$18.09
− OpEx	−$18.0k	−$5.43
NOI	$41.9k	$12.66

3,311 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$598.9K

$524.1K – $698.8K (±1% cap)

NOI $41,926 @ 7.0% cap · market cap 7.05%

Second Best

Apartment 5plus

$550.5K

$481.7K – $642.3K (±1% cap)

NOI $38,536 @ 7.0% cap · market cap 6.48%

Theoretical Best

Office A

$841.5K

$736.4K – $981.8K (±1% cap)

NOI $58,908 @ 7.0% cap · market cap 9.90%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.110839
Latitude: 29.951456

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For sale
Triplexes
LA
New Orleans
70125
6216-18 FONTAINEBLEAU Drive

What type of property is this?

Triplex - Well-maintained triplex in Fontainebleau with strong income potential.

Where is this triplex located?

The property is located at 6216-18 FONTAINEBLEAU Drive New Orleans, LA.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Triplex on a corner lot in the Fontainebleau neighborhood; main home features two separate upper and lower 2BR/2BA units.; Each main unit offers approximately 1,300 SF of living space; upper unit includes a private balcony overlooking Fontainebleau Drive.; Detached rear efficiency is currently occupied, with potential rental income of $1,200/month.

6216-18 FONTAINEBLEAU Drive, New Orleans, LA 70125

MULTI_FAMILY - New Orleans, LA

Property Features for 6216-18 FONTAINEBLEAU Drive

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Turnkey Two-Story Restaurant Event Venue

Canal Street Automotive Investment Opportunity

Mixed-Use Live/Work Building

Gutted Warehouse with Office

Camelback Duplex with Garden House

Brick Multi-Family Residence

Historic Ground-Floor Office Space

Turnkey New Construction Duplex

Fully Equipped Event Venue

Mixed-Use Property with Courtyard

Historic Mixed-Use Building, New Orleans

Mixed-Use Property with Rooftop Terrace

FAQs