Duplex with Private
For Sale
$240,000
313 E Magnolia Drive, Chalmette, LA 70043
Two separately metered residences are fully occupied, with a private yard serving each unit.
Property Size2,000 SF
Price / SF$120
Days on Market123
Property Features for 313 E Magnolia Drive
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Amenities
private yard
driveway
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Christina Scott · License #995697843
(504) 450-1114
Source:
Exprealty
Added: Jul 7
Changed: Nov 1
Last Checked: Nov 4 at 2:55PM
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 NO
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Investment Insights
Based on property information with market context.
This duplex contains two residences totaling 2,000 square feet. Unit 315 has three bedrooms and one bathroom, while unit 317 has two bedrooms and one bathroom. Each residence has its own private yard, and the property includes a driveway. The units are privately metered and currently fully occupied.
Key Highlights
- 2,000‑square‑foot duplex
- Unit 315: 3 bedrooms and 1 bathroom
- Unit 317: 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,948
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,960
$439.0K
Cap Rate 7%
$313,543
$313.5K
Cap Rate 9%
$243,867
$243.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$34.3K $17.16/SF
− Vacancy
−$3.0K −$1.48/SF
EGI
$31.4K $15.68/SF
− OpEx
−$9.4K −$4.70/SF
NOI
$21.9K $10.97/SF
Area
St. Bernard County, LA
Vacancy
8.64%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,960
Cap Rate 7%
$313,543
Cap Rate 9%
$243,867
Alternative Uses
Best Use
Multifamily LT 5
$313.5K
$274.4K – $365.8K
NOI $21,948 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$293.1K
$256.5K – $342.0K
NOI $20,518 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
329
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences are fully occupied, with a private yard serving each unit.
Where is this duplex located?
The property is located at 313 E Magnolia Drive Chalmette, LA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 2,000‑square‑foot duplex; Unit 315: 3 bedrooms and 1 bathroom; Unit 317: 2 bedrooms and 1 bathroom
