313 E MAGNOLIA Drive Chalmette, LA 70043
MULTI_FAMILY - Chalmette, LA
- Added:
- Jul 7, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 11 at 8:06 am
Property Features for 313 E MAGNOLIA Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Parking features
- Driveway
- Standard status
- Active
- APN
- 31315emag
- Size
- 2,000 SF
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Number of units
- 2
- Architectural style
- Ranch
Listing agent Christina Scott (504) 862-0100
Listing office Keller Williams Realty New Orleans 8601 Leake Ave., New Orleans, LA (504) 862-0100
Listing date Jul 7, 2026
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.
Located at 313 E Magnolia Drive in Chalmette, Louisiana, this property is currently tenant-occupied. Please allow 24 hours notice to schedule showings.
Key Highlights
- Double property with stable income; fully occupied
- Central heating and central air conditioning
- Public water source
Local 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 | $34.3k | $17.16 |
| − Vacancy | −$3.0k | −$1.48 |
| EGI | $31.4k | $15.68 |
| − OpEx | −$9.4k | −$4.70 |
| NOI | $21.9k | $10.97 |
