Belle Chasse Duplex Investment
111 Omega Street Belle Chasse, LA 70037
111 Omega Street, Belle Chasse, LA, 70037
$325,000
For Sale
$325,000
Well-maintained duplex in Belle Chasse with long-term tenants.
Property Size2,394 SF
Price / SF$135.76
Days on Market310
Property Features for 111 Omega Street
General Information
- Standard status
- Active
- Size
- 2,394 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1983
Listing Agency
Compass
(985) 474-2192
Listed by
Kelly Cagle · License #995701106
(985) 474-2192
Source
Compass
Added: Sep 13, 2025 Checked: Jul 19 at 4:38 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This well-maintained duplex in Belle Chasse features two units, each with 2 bedrooms, 2 full bathrooms, and 1,197 square feet of living space, totaling 2,394 square feet. The units feature luxury vinyl plank flooring throughout, high ceilings, and a fireplace. Recent updates include a roof replacement in 2022 and HVAC systems updated in 2023. The property is tenant-occupied with long-term tenants, providing rental income. Located in an established Belle Chasse neighborhood, the property offers access to schools, local shops, and Plaquemines Parish amenities. This property is an investment opportunity with strong potential.
Key Highlights
- Immediate and stable rental income with long‑term tenants in place.
- Recently updated roof (2022) and HVAC systems (2023) minimize future maintenance.
- Two units, each with 2 bedrooms and 2 full bathrooms, totaling 2,394 sq ft of living space.
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 | $41.1k | $17.16 |
| − Vacancy | −$3.5k | −$1.48 |
| EGI | $37.5k | $15.68 |
| − OpEx | −$11.3k | −$4.70 |
| NOI | $26.3k | $10.97 |
2,394 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.3K
$328.4K – $437.9K
NOI $26,272 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$350.9K
$307.0K – $409.3K
NOI $24,560 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$631.6K
$552.7K – $736.9K
NOI $44,212 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex in Belle Chasse with long-term tenants.
Where is this duplex located?
The property is located at 111 Omega Street Belle Chasse, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Immediate and stable rental income with long‑term tenants in place.; Recently updated roof (2022) and HVAC systems (2023) minimize future maintenance.; Two units, each with 2 bedrooms and 2 full bathrooms, totaling 2,394 sq ft of living space.
