Duplex with Separate
For Sale
$239,900
2818-20 Pakenham Dr, Chalmette, LA 70043
Each residence has its own entrance and driveway, with shared backyard space behind the brick exterior.
Property Size2,118 SF
Price / SF$113.27
Days on Market8
Property Features for 2818-20 Pakenham Dr
General Information
Standard status
Active
Size
2,118 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
Separate Entrances
Driveways
Backyard
Ceiling Fans
Building Details
Year Built
1986
Buildings
1
Construction
Brick
Listing Agency:
Tuxor Realty
(713) 893-5580
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 5 at 6:20PM
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 Tuxor Realty
Investment Insights
Based on property information with market context.
Built in 1986, this brick duplex contains two residences, each with approximately 1,059 square feet of living area. Both units offer two bedrooms and 1.5 baths, arranged with a living room, a separate dining area, and a full kitchen. Wood-look flooring, ceiling fans, neutral finishes, and natural light are among the interior features. The combined living area is approximately 2,118 square feet.
Each residence has an individual entrance and driveway, and the property includes backyard space. The duplex is on Pakenham Drive in Chalmette, with shopping, restaurants, and schools identified in the surrounding area; New Orleans is accessible by commute.
Each residence has an individual entrance and driveway, and the property includes backyard space. The duplex is on Pakenham Drive in Chalmette, with shopping, restaurants, and schools identified in the surrounding area; New Orleans is accessible by commute.
Key Highlights
- Two‑unit duplex with approximately 2,118 square feet total living area
- Each unit has 2 bedrooms, 1.5 baths, and approximately 1,059 sq ft
- Separate entrances and driveways serve each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,729
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,580
$434.6K
Cap Rate 7%
$310,414
$310.4K
Cap Rate 9%
$241,433
$241.4K
Market Conditions
NOI Build-Up for 2,118 SF
Gross rent
$43.5K $20.52/SF
− Vacancy
−$4.0K −$1.87/SF
EGI
$39.5K $18.65/SF
− OpEx
−$17.8K −$8.39/SF
NOI
$21.7K $10.26/SF
Area
St. Bernard County, LA
Vacancy
9.10%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,580
Cap Rate 7%
$310,414
Cap Rate 9%
$241,433
Alternative Uses
Best Use
Multifamily LT 5
$332.0K
$290.5K – $387.4K
NOI $23,243 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$310.4K
$271.6K – $362.2K
NOI $21,729 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$558.8K
$488.9K – $651.9K
NOI $39,115 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 70043, LA
21,596
Population
8,782
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
83%
High-School Grad
9.1 sq mi
ZIP Area
2,373
Density / Sq Mi
$57,065
Median Household Income
$37,969
Median Earnings
$1,091
Median Rent
$203,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own entrance and driveway, with shared backyard space behind the brick exterior.
Where is this duplex located?
The property is located at 2818-20 Pakenham Dr Chalmette, LA.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,118 square feet total living area; Each unit has 2 bedrooms, 1.5 baths, and approximately 1,059 sq ft; Separate entrances and driveways serve each residence
