Duplex With Two-Bedroom
For Sale
$285,000
6124 BACCICH Street, New Orleans, LA 70122
Multi-Family, New Orleans, LA
Property Size1,950 SF
Price / SF$146.15
Days on Market31
Property Features for 6124 BACCICH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Fence, Porch
Fencing
Fenced
Lot features
Irregular
Standard status
Active
APN
4879
Size
1,950 SF
Taxes and HOA fees
Tax Description
SQ 4879 LOT M-8 53/26-27 X 100-54/154 6124-26 BACCICH ST DBLE 8/RMS A/R
Legal Description
SQ 4879 LOT M-8 53/26-27 X 100-54/154 6124-26 BACCICH ST DBLE 8/RMS A/R
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2007
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Joyce Guidroz · License #995682077
(504) 390-7651
Added: Aug 5
Changed: Aug 26
Last Checked: Sep 4 at 10:06PM
MLS# 2570996
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.
This 1,950-square-foot duplex, built in 2007, contains two residential units. Each unit includes two bedrooms, one and a half bathrooms, a living room, and a kitchen with access to a rear porch. Central heating and central air conditioning serve the property, with air-conditioning units installed after Hurricane Ida and professionally maintained. Hurricane-resistant metal siding and hurricane shutters are also included.
The property offers a fenced backyard, porch space, public water service, and a driveway for parking. The building is located at 6124 BACCICH Street in New Orleans, Louisiana, within ZIP code 70122.
The property offers a fenced backyard, porch space, public water service, and a driveway for parking. The building is located at 6124 BACCICH Street in New Orleans, Louisiana, within ZIP code 70122.
Key Highlights
- Two‑unit duplex with 1,950 square feet
- Each unit has 2 bedrooms and 1.5 bathrooms
- Each kitchen provides access to a rear porch
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,202
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$404,040
$404.0K
Cap Rate 7%
$288,600
$288.6K
Cap Rate 9%
$224,467
$224.5K
Market Conditions
NOI Build-Up for 1,950 SF
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.
Gross rent
$31.6K $16.20/SF
− Vacancy
−$2.7K −$1.40/SF
EGI
$28.9K $14.80/SF
− OpEx
−$8.7K −$4.44/SF
NOI
$20.2K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$404,040
Cap Rate 7%
$288,600
Cap Rate 9%
$224,467
Alternative Uses
Best Use
Multifamily LT 5
$288.6K
$252.5K – $336.7K
NOI $20,202 @ 7.0% cap · market cap 7.09%
Second Best
Apartment 5plus
$250.7K
$219.4K – $292.5K
NOI $17,548 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$510.3K
$446.5K – $595.3K
NOI $35,718 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with fenced outdoor space, central systems, and separate living accommodations in each unit.
Where is this duplex located?
The property is located at 6124 BACCICH Street New Orleans, LA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,950 square feet; Each unit has 2 bedrooms and 1.5 bathrooms; Each kitchen provides access to a rear porch
