Duplex with Separate
For Sale
$239,900
2818-20 PAKENHAM Drive, Chalmette, LA 70043
Multi-Family, Traditional, Chalmette, LA
Property Size2,118 SF
Lot Size0.15 Acres
Price / SF$113.27
Days on Market9
Property Features for 2818-20 PAKENHAM Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Lot features
Regular
Standard status
Active
APN
301600000002
Size
2,118 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
LOT 2 BATTLE GROUND GARDENS 60X110=6600
Legal Description
LOT 2 BATTLE GROUND GARDENS 60X110=6600
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
1 Percent Lists Legacy
(504) 499-0047
Listed By:
Richard Miley
(985) 265-2046
Added: Sep 29
Last Checked: Oct 7 at 11:06AM
MLS# 2579378
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex contains two residences, each with approximately 1,059 square feet of living area, for approximately 2,118 square feet combined. Both units feature two bedrooms, 1.5 baths, a living room, a separate dining area, and a full kitchen. Wood-look flooring, ceiling fans, and central heating and air conditioning are among the interior features. The building was constructed in 1986 and has a shingle roof and public water service.
Each residence has its own entrance and driveway. The property occupies 0.1515 acres and includes backyard space. Its two-unit configuration allows an owner to occupy one residence and rent the other, or to operate both as rental units.
Each residence has its own entrance and driveway. The property occupies 0.1515 acres and includes backyard space. Its two-unit configuration allows an owner to occupy one residence and rent the other, or to operate both as rental units.
Key Highlights
- Two‑unit brick duplex with approximately 2,118 square feet total
- Each unit has 2 bedrooms, 1.5 baths, and approximately 1,059 square feet
- Separate entrances and driveways 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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
911
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences each have a dedicated entrance, dining area, full kitchen, and 1.5 baths.
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‑unit brick duplex with approximately 2,118 square feet total; Each unit has 2 bedrooms, 1.5 baths, and approximately 1,059 square feet; Separate entrances and driveways for each residence
