Brick Duplex with Separate
For Sale
$472,500
6017 BELLAIRE Drive, New Orleans, LA 70124
Multifamily, New Orleans, LA
Property Size2,444 SF
Lot Size0.12 Acres
Price / SF$193.33
Days on Market120
Property Features for 6017 BELLAIRE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 6
Parking
2
Parking features
Off Street
Standard status
Active
APN
716503933
Size
2,444 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
METAIRIE PARK SUB DIV SQ 41 LOT A BELLAIRE 60 X 89 6017-19 BELLAIRE
Legal Description
METAIRIE PARK SUB DIV SQ 41 LOT A BELLAIRE 60 X 89 6017-19 BELLAIRE
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry hookups
separate entrances
attached carport/storage areas
off-street parking
Building Details
Year built
1978
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: Jun 26
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2564969
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 1978, this brick duplex contains 2,444 square feet across two residences. Each unit has three bedrooms, two full bathrooms, and a living and dining area. Separate entrances provide individual access, while attached carport and storage areas serve the property. Both kitchens include wood cabinetry, granite-style countertops, stainless appliances, gas cooking, and storage. Flooring is tile and wood-look, with no carpet. A roof was installed in 2022.
The property occupies a 0.1226-acre lot in New Orleans. It is in Flood Zone X and has access to Veterans Boulevard and I-10, as well as Downtown New Orleans, City Park, and the lakefront. Restaurants, shopping, and Metairie amenities are also identified in the surrounding area.
The property occupies a 0.1226-acre lot in New Orleans. It is in Flood Zone X and has access to Veterans Boulevard and I-10, as well as Downtown New Orleans, City Park, and the lakefront. Restaurants, shopping, and Metairie amenities are also identified in the surrounding area.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 2,444‑square‑foot building on a 0.1226‑acre lot
- Roof installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,947
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,940
$618.9K
Cap Rate 7%
$442,100
$442.1K
Cap Rate 9%
$343,856
$343.9K
Market Conditions
NOI Build-Up for 2,444 SF
Gross rent
$48.4K $19.80/SF
− Vacancy
−$4.2K −$1.71/SF
EGI
$44.2K $18.09/SF
− OpEx
−$13.3K −$5.43/SF
NOI
$30.9K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,940
Cap Rate 7%
$442,100
Cap Rate 9%
$343,856
Alternative Uses
Best Use
Multifamily LT 5
$442.1K
$386.8K – $515.8K
NOI $30,947 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$406.4K
$355.6K – $474.1K
NOI $28,445 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$621.2K
$543.5K – $724.7K
NOI $43,483 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,119
Businesses Nearby
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Business Placement
Demographics for 70124, LA
22,777
Population
8,919
Households
2.6
Avg Household Size
37
Median Age
70%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,400
Density / Sq Mi
$121,318
Median Household Income
$66,323
Median Earnings
$1,752
Median Rent
$577,800
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 - Each residence includes in-unit laundry hookups, dedicated outdoor access, and off-street parking.
Where is this duplex located?
The property is located at 6017 BELLAIRE Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $472,500.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 2,444‑square‑foot building on a 0.1226‑acre lot; Roof installed in 2022
