Brick Duplex with Separate
For Sale
$239,900
2818-20 PAKENHAM Drive, Chalmette, LA 70043
Multifamily, Chalmette, LA
Property Size2,118 SF
Lot Size0.15 Acres
Price / SF$113.27
Days on Market25
Property Features for 2818-20 PAKENHAM Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 2
Parking
2
Parking features
Driveway
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
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Number of units
2
Building materials
Brick
Architectural style
Other
Buildings
1
Listing Agency:
1 Percent Lists Legacy
(504) 499-0047
Listed By:
Richard A Miley · License #995709617
(985) 265-2046
Added: Sep 29
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2579378
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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 and a two-bedroom, 1.5-bathroom layout. Together, the units provide approximately 2,118 square feet on a 0.1515-acre lot. Each side has a living area, dining space, kitchen, separate entrance, and driveway. Central heating and central air conditioning serve the building, and backyard space is also present. Public water and public sewer are available.
The property is in Chalmette, with access to shopping, restaurants, and schools, as well as a commute into New Orleans. The two-unit configuration and separate driveways provide distinct access for each residence.
The property is in Chalmette, with access to shopping, restaurants, and schools, as well as a commute into New Orleans. The two-unit configuration and separate driveways provide distinct access for each residence.
Key Highlights
- Two‑unit brick duplex with approximately 2,118 square feet total
- Each unit has 2 bedrooms, 1.5 bathrooms, and approximately 1,059 square feet
- Separate entrances and driveways for both units
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
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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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own entrance, driveway, two bedrooms, and 1.5 bathrooms, with backyard space serving the property.
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 bathrooms, and approximately 1,059 square feet; Separate entrances and driveways for both units
