Brick Duplex with Separate
For Sale
$239,900
2818-20 PAKENHAM Drive, Chalmette, LA 70043
Separate entrances and driveways serve both residences, with backyard space on site.
Property Size2,118 SF
Price / SF$113.27
Days on Market34
Property Features for 2818-20 PAKENHAM Drive
General Information
Standard status
Active
Size
2,118 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1986
Buildings
1
Construction
brick
Listing Agency:
1 Percent Lists Legacy
(504) 499-0047
Listed By:
Richard A Miley · License #995709617
(985) 265-2046
Source:
Geauxsouthrealty
Added: Sep 29
Changed: Oct 31
Last Checked: Oct 31 at 2:14PM
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 1 Percent Lists Legacy
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Investment Insights
Based on property information with market context.
Built in 1986, this brick duplex contains two residences of approximately 1,059 square feet each, for approximately 2,118 square feet in total. Each unit has two bedrooms, 1.5 baths, a living area, dining space, and a full kitchen. Wood-look flooring, ceiling fans, and neutral finishes are among the interior features described. Each residence has its own entrance and driveway, and the property includes backyard space.
The property is in Chalmette, with access to shopping, restaurants, schools, and a commute into New Orleans.
The property is in Chalmette, with access to shopping, restaurants, schools, and a commute into New Orleans.
Key Highlights
- Two units, each with 2 bedrooms and 1.5 baths
- Approximately 1,059 square feet per unit; approximately 2,118 square feet total
- Separate entrance and driveway for 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.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and driveways serve both residences, with backyard space on site.
Where is this duplex located?
The property is located at 2818-20 PAKENHAM Drive 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 units, each with 2 bedrooms and 1.5 baths; Approximately 1,059 square feet per unit; approximately 2,118 square feet total; Separate entrance and driveway for each residence
