Renovated Duplex with
For Sale
$269,900
616 Lebeau St, Arabi, LA 70032
Two-unit property with updated interiors, a fenced? backyard gazebo, and owner-paid utilities included in rental amounts.
Property Size2,055 SF
Price / SF$131.34
Days on Market83
Property Features for 616 Lebeau St
General Information
Standard status
Active
Size
2,055 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
yard
gazebo
Building Details
Year Built
1961
Buildings
1
Listing Agency:
Amanda Miller Realty, LLC
Listed By:
Amanda Miller · License #995687438
(504) 250-0059
Source:
Fiorellaavenue
Added: Jul 25
Changed: Oct 6
Last Checked: Oct 15 at 12:05AM
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 Amanda Miller Realty, LLC
Investment Insights
Based on property information with market context.
This 2,055-square-foot duplex, built in 1961, has renovated interiors with light wood-colored flooring and white paint throughout both units. Unit A features a kitchen with white cabinetry and countertops, plus a bathroom finished with mosaic flooring, subway tile walls, and a claw-foot soaking tub. The property also includes a large backyard with a gazebo.
Located at 616 Lebeau St in Arabi, Louisiana, the duplex is in Flood Zone X. The owner pays utilities, and those costs are included in the rental amounts. The two-unit configuration supports continued rental use or owner occupancy, as described for the property.
Located at 616 Lebeau St in Arabi, Louisiana, the duplex is in Flood Zone X. The owner pays utilities, and those costs are included in the rental amounts. The two-unit configuration supports continued rental use or owner occupancy, as described for the property.
Key Highlights
- 2,055‑square‑foot duplex built in 1961
- Renovated interiors with light wood‑colored flooring and white paint in both units
- Unit A includes a kitchen with white cabinets and counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,552
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,040
$451.0K
Cap Rate 7%
$322,171
$322.2K
Cap Rate 9%
$250,578
$250.6K
Market Conditions
NOI Build-Up for 2,055 SF
Gross rent
$35.3K $17.16/SF
− Vacancy
−$3.0K −$1.48/SF
EGI
$32.2K $15.68/SF
− OpEx
−$9.7K −$4.70/SF
NOI
$22.6K $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%
$451,040
Cap Rate 7%
$322,171
Cap Rate 9%
$250,578
Alternative Uses
Best Use
Multifamily LT 5
$322.2K
$281.9K – $375.9K
NOI $22,552 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$301.2K
$263.5K – $351.4K
NOI $21,082 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$542.2K
$474.4K – $632.5K
NOI $37,952 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Explore this area
Business Placement
Demographics for 70032, LA
4,533
Population
2,160
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
2,267
Density / Sq Mi
$52,500
Median Household Income
$45,463
Median Earnings
$998
Median Rent
$212,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with updated interiors, a fenced? backyard gazebo, and owner-paid utilities included in rental amounts.
Where is this duplex located?
The property is located at 616 Lebeau St Arabi, LA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 2,055‑square‑foot duplex built in 1961; Renovated interiors with light wood‑colored flooring and white paint in both units; Unit A includes a kitchen with white cabinets and counters
