Duplex with
For Sale
$450,000
17478 Highway 23, Belle Chasse, LA 70037
An upstairs two-bedroom residence sits above a separate ground-floor efficiency apartment.
Property Size2,300 SF
Lot Size1.05 Acres
Price / SF$195.65
Days on Market498
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Property Features for 17478 Highway 23
General Information
Standard status
Active
Size
2,300 SF
Total Parking Spaces
2
Elevators
Yes
Lot size
1.05 Acres
Property subtype
Investment
Units
Unit Mix
1 x 2BR/2BA, 1 x efficiency
Multifamily Units
2
Amenities
balcony
central HVAC
backup generator
permitted trailer sites
Building Details
Year Built
2008
Buildings
1
Construction
concrete and steel
Listing Agency:
The Industrial Group, LLC
Listed By:
Trimble Green · License #38278
(504) 832-8012
Source:
Lacdb.resimplifi
Added: Jun 5, 2025
Changed: Oct 13
Last Checked: Oct 14 at 7:46PM
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 The Industrial Group, LLC
Investment Insights
Based on property information with market context.
Built in 2008, this approximately 2,300-square-foot duplex has an open-plan upstairs residence with two bedrooms and two bathrooms, plus a ground-floor efficiency apartment. The building features concrete and steel construction, central HVAC, an elevator, a backup generator serving the entire house, and covered parking for two vehicles. A balcony overlooks the river, and the floor sits approximately level with the top of the levee. The 45,845-square-foot parcel measures 173 feet by 265 feet and includes two permitted trailer sites.
The property is on Highway 23. Two restaurants are within walking distance: Da Wabbit/Myrtle Grove Bar and Bywater Dockside Bar & Grill. The International Marine Terminal is 2 miles away; Venture Global is 4 miles away. Belle Chasse is 16 miles away, New Orleans 31 miles, Buras 33 miles, and Venice 43 miles.
The property is on Highway 23. Two restaurants are within walking distance: Da Wabbit/Myrtle Grove Bar and Bywater Dockside Bar & Grill. The International Marine Terminal is 2 miles away; Venture Global is 4 miles away. Belle Chasse is 16 miles away, New Orleans 31 miles, Buras 33 miles, and Venice 43 miles.
Key Highlights
- Two‑bedroom, two‑bath upstairs residence plus a ground‑floor efficiency apartment
- Approximately 2,300 square feet on a 45,845‑square‑foot lot measuring 173’ x 265’
- Concrete and steel construction; built in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,241
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,820
$504.8K
Cap Rate 7%
$360,586
$360.6K
Cap Rate 9%
$280,456
$280.5K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$39.5K $17.16/SF
− Vacancy
−$3.4K −$1.48/SF
EGI
$36.1K $15.68/SF
− OpEx
−$10.8K −$4.70/SF
NOI
$25.2K $10.97/SF
Area
Plaquemines County, LA
Vacancy
8.64%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,820
Cap Rate 7%
$360,586
Cap Rate 9%
$280,456
Alternative Uses
Best Use
Multifamily LT 5
$360.6K
$315.5K – $420.7K
NOI $25,241 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$337.1K
$295.0K – $393.3K
NOI $23,596 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$606.8K
$531.0K – $707.9K
NOI $42,476 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 70037, LA
16,262
Population
6,682
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
91%
High-School Grad
49.9 sq mi
ZIP Area
326
Density / Sq Mi
$92,193
Median Household Income
$45,608
Median Earnings
$1,650
Median Rent
$350,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - An upstairs two-bedroom residence sits above a separate ground-floor efficiency apartment.
Where is this duplex located?
The property is located at 17478 Highway 23 Belle Chasse, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath upstairs residence plus a ground‑floor efficiency apartment; Approximately 2,300 square feet on a 45,845‑square‑foot lot measuring 173’ x 265’; Concrete and steel construction; built in 2008
