Duplex with Separate
517-19 Bonnabel Boulevard Metairie, LA 70005
517-19 Bonnabel Boulevard, Metairie, LA, 70005
$489,900
For Sale
$489,900
Two units each feature three bedrooms and two baths, with inside laundry, no carpet, and separate driveways.
Property Size2,266 SF
Lot Size0.17 Acres
Price / SF$216.20
Days on Market52
Property Features for 517-19 Bonnabel Boulevard
General Information
- Standard status
- Active
- Size
- 2,266 SF
- Lot size
- 0.17 Acres
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1968
Listing agency
Realty Executives SELA
(504) 813-5301
Listed by
Scott Gibson · License #995713287
(504) 813-5301
Source
Compass
Added: Jun 1 Updated: Jul 21 at 2:52PM Checked: Jul 21 at 2:52PM
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 Realty Executives SELA
Investment Insights
Based on property information with market context.
This Old Metairie double offers two residential units, each with three bedrooms and two bathrooms. Interior finishes include no carpet, a large kitchen, and an inside laundry room. The property also includes separate driveways for each unit and a large shed/workshop in the backyard. Both sides have been freshly painted, with some new flooring and additional updates.
The duplex is located on Bonnabel Boulevard in Metairie, with convenient access to restaurants, shopping, and entertainment.
Set on a deep 50 x 150 lot, the configuration is well suited for tenants seeking independent arrival and straightforward in-unit amenities.
The duplex is located on Bonnabel Boulevard in Metairie, with convenient access to restaurants, shopping, and entertainment.
Set on a deep 50 x 150 lot, the configuration is well suited for tenants seeking independent arrival and straightforward in-unit amenities.
Key Highlights
- Duplex in Old Metairie: two units, each with 3 bedrooms and 2 full baths
- Both units have central heating and central air, with no carpet
- Inside laundry in each unit and large kitchen, plus an entry level of 1
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 | $36.7k | $16.20 |
| − Vacancy | −$2.1k | −$0.92 |
| EGI | $34.6k | $15.28 |
| − OpEx | −$10.4k | −$4.58 |
| NOI | $24.2k | $10.69 |
2,266 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$346.2K
$302.9K – $403.9K
NOI $24,232 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$301.2K
$263.6K – $351.5K
NOI $21,087 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$530.6K
$464.3K – $619.1K
NOI $37,145 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two units each feature three bedrooms and two baths, with inside laundry, no carpet, and separate driveways.
Where is this duplex located?
The property is located at 517-19 Bonnabel Boulevard Metairie, LA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Duplex in Old Metairie: two units, each with 3 bedrooms and 2 full baths; Both units have central heating and central air, with no carpet; Inside laundry in each unit and large kitchen, plus an entry level of 1
