Two-Unit Duplex
113 Xi Street Belle Chasse, LA 70037
113 Xi Street, Belle Chasse, LA, 70037
$295,000
For Sale
$295,000
Well-maintained duplex with two leased 2-bedroom units, each with in-unit laundry and a private fenced backyard.
Property Size2,000 SF
Price / SF$147.50
Days on Market8
Property Features for 113 Xi Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1970
Listing agency
Royal Krewe Realty
(504) 329-7426
Listed by
Shannon Chedville · License #995698949
(504) 329-7426
Source
Compass
Added: Jul 14 Updated: Jul 21 at 4:08AM Checked: Jul 21 at 4:08AM
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 Royal Krewe Realty
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two spacious units, each featuring 2 bedrooms and 1 full bath. Units include low-maintenance vinyl plank and tile flooring and a fully equipped kitchen with a refrigerator, range/oven, dishwasher, and in-unit washer and dryer. Each unit also has a private fenced backyard with a covered patio.
The property is currently rented, with both units leased on a month-to-month basis. One unit is occupied by a long-term tenant of over 10 years, providing established rental history.
The duplex configuration supports two independent residential living spaces under one ownership, with kitchen and laundry amenities located within each unit and dedicated outdoor space for each tenant.
The property is currently rented, with both units leased on a month-to-month basis. One unit is occupied by a long-term tenant of over 10 years, providing established rental history.
The duplex configuration supports two independent residential living spaces under one ownership, with kitchen and laundry amenities located within each unit and dedicated outdoor space for each tenant.
Key Highlights
- Well‑maintained duplex with 2 units, each offering 2 bedrooms and 1 full bath
- Each unit includes a fully equipped kitchen with refrigerator, range/oven, and dishwasher
- In‑unit laundry included in both units (washer and dryer)
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 | $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 7.44%
Second Best
Apartment 5plus
$293.1K
$256.5K – $342.0K
NOI $20,518 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two leased 2-bedroom units, each with in-unit laundry and a private fenced backyard.
Where is this duplex located?
The property is located at 113 Xi Street Belle Chasse, LA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Well‑maintained duplex with 2 units, each offering 2 bedrooms and 1 full bath; Each unit includes a fully equipped kitchen with refrigerator, range/oven, and dishwasher; In‑unit laundry included in both units (washer and dryer)
