Move-in Ready Chalmette
2918-20 Pakenham Drive Chalmette, LA 70043
For Sale
$215,000
Duplex ideal for owner-occupancy or investment in Chalmette.
Property Size1,700 SF
Price / SF$126.47
Days on Market332
Property Features for 2918-20 Pakenham Drive
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1983
Listing Agency:
Keller Williams Realty New Orleans
(504) 473-2771
Listed By:
Troy Lee · License #912124134
(504) 473-2771
Source:
Compass
Added: Aug 27, 2025
Changed: Jul 10
Last Checked: Jul 24 at 3:26PM
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 Keller Williams Realty New Orleans
Investment Insights
Based on property information with market context.
This duplex in Chalmette, Louisiana, offers an opportunity for investors or owner-occupiers. The property is move-in ready and has a total size of 1700 square feet. It is suitable for residential income purposes.
Key Highlights
- Opportunity to owner occupy and have rental income offset mortgage payments.
- Move‑in ready condition.
- Central air conditioning and heating.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.2k | $17.16 |
| − Vacancy | −$2.5k | −$1.48 |
| EGI | $26.7k | $15.68 |
| − OpEx | −$8.0k | −$4.70 |
| NOI | $18.7k | $10.97 |
1,700 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$266.5K
$233.2K – $310.9K
NOI $18,656 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$249.1K
$218.0K – $290.7K
NOI $17,440 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$448.5K
$392.5K – $523.3K
NOI $31,396 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex ideal for owner-occupancy or investment in Chalmette.
Where is this duplex located?
The property is located at 2918-20 Pakenham Drive Chalmette, LA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Opportunity to owner occupy and have rental income offset mortgage payments.; Move‑in ready condition.; Central air conditioning and heating.
