Duplex Income Property with Mechanic
62044 North 9th Street Slidell, LA 70460
62044 North 9th Street, Slidell, LA, 70460
$269,000
For Sale
$269,000
Two renovated duplex units plus an 18’x30’ mechanic shop with car lift on two lots.
Property Size2,545 SF
Price / SF$105.70
Days on Market74
Property Features for 62044 North 9th Street
General Information
- Standard status
- Active
- Size
- 2,545 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1979
Listing agency
Falaya, LLC
(225) 416-6130
Listed by
Stafford Ullrich · License #0725404
(225) 416-6130
Source
Compass
Added: May 10 Updated: Jul 21 at 10:43PM Checked: Jul 21 at 10:43PM
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 Falaya, LLC
Investment Insights
Based on property information with market context.
This oversized duplex offers two income-producing units on two lots, along with an 18’x30’ mechanic shop with a car lift and lean-to. Unit 1 is a 3-bedroom, 2-bath home with an open floor plan, two living areas, a fireplace, and large bedrooms. Unit 2 is a 1-bedroom unit with a full kitchen, bathroom, and washer/dryer hookups. Both units include laundry connections, supporting flexible day-to-day living arrangements.
The property is located in Slidell with convenient access to schools and is described as minutes from I-12 and Pearl River.
Recent renovation items include a new roof, HVAC, water heater, flooring, and paint, helping modernize both the residential units and support continued rental use.
The property is located in Slidell with convenient access to schools and is described as minutes from I-12 and Pearl River.
Recent renovation items include a new roof, HVAC, water heater, flooring, and paint, helping modernize both the residential units and support continued rental use.
Key Highlights
- Oversized duplex on two lots with two income units and an 18' x 30' mechanic shop with car lift plus lean‑to.
- Unit 1: 3 bed, 2 bath with 1,986 SF, open floor plan, two living areas, and a fireplace.
- Unit 2: 1 bed with 563 SF, full kitchen and bath, plus washer/dryer hookups.
Local Financial Insights For Industrial
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 | $22.9k | $9.00 |
| − Vacancy | −$710 | −$0.28 |
| EGI | $22.2k | $8.72 |
| − OpEx | −$6.7k | −$2.62 |
| NOI | $15.5k | $6.10 |
2,545 SF · lease $9.00/SF/yr · vacancy 3.10% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$27.44M
$24.01M – $32.01M
NOI $1,920,477 @ 7.0% cap · market cap 713.93%
Second Best
Apartment 5plus
$23.83M
$20.85M – $27.80M
NOI $1,668,081 @ 7.0% cap · market cap 620.10%
Theoretical Best
—
—
same as Best Use
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 renovated duplex units plus an 18’x30’ mechanic shop with car lift on two lots.
Where is this duplex located?
The property is located at 62044 North 9th Street Slidell, LA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Oversized duplex on two lots with two income units and an 18' x 30' mechanic shop with car lift plus lean‑to.; Unit 1: 3 bed, 2 bath with 1,986 SF, open floor plan, two living areas, and a fireplace.; Unit 2: 1 bed with 563 SF, full kitchen and bath, plus washer/dryer hookups.
