Brick Duplex with Fenced
For Sale
$325,547
6205-07 WAINWRIGHT Drive, New Orleans, LA 70122
Multifamily, New Orleans, LA
Property Size2,377 SF
Lot Size0.13 Acres
Price / SF$136.96
Days on Market68
Property Features for 6205-07 WAINWRIGHT Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 3
Parking
2
Parking features
Off Street
Standard status
Active
APN
37W509714
Size
2,377 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
PARCEL F NORTH SHORE SUB DIV SQ 4 LOT 14 WAINWRIGHT 51X108 6205-07 WAINWRIGHT DR DBLE 2/STORY B/RV 9/RM C/R
Legal Description
PARCEL F NORTH SHORE SUB DIV SQ 4 LOT 14 WAINWRIGHT 51X108 6205-07 WAINWRIGHT DR DBLE 2/STORY B/RV 9/RM C/R
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Keller Williams Realty Serv.
(985) 727-7000
Listed By:
Louis Williams · License #000073679
(985) 237-0712
Added: Aug 17
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2572373
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.
This brick duplex in New Orleans contains 2,377 square feet and was built in 1950. Interior features include wood flooring in living areas and bedrooms, large windows, and ceiling fans. The kitchen has wood cabinetry, tiled counters and backsplash, and white appliances; the bathroom includes tile flooring and a tiled tub and shower surround. Central heating and central air conditioning serve the property.
The 0.1264-acre lot includes a grassy yard with fencing along much of its perimeter, a concrete patio, and exterior stairs. Off-street parking is available. Public water and sewer serve the property, and natural gas is available.
The 0.1264-acre lot includes a grassy yard with fencing along much of its perimeter, a concrete patio, and exterior stairs. Off-street parking is available. Public water and sewer serve the property, and natural gas is available.
Key Highlights
- 2,377‑square‑foot brick duplex built in 1950
- 0.1264‑acre lot with a grassy yard and fencing along much of the perimeter
- Concrete patio and exterior stairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,626
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,520
$492.5K
Cap Rate 7%
$351,800
$351.8K
Cap Rate 9%
$273,622
$273.6K
Market Conditions
NOI Build-Up for 2,377 SF
Gross rent
$38.5K $16.20/SF
− Vacancy
−$3.3K −$1.40/SF
EGI
$35.2K $14.80/SF
− OpEx
−$10.6K −$4.44/SF
NOI
$24.6K $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 Rate 5%
$492,520
Cap Rate 7%
$351,800
Cap Rate 9%
$273,622
Alternative Uses
Best Use
Multifamily LT 5
$351.8K
$307.8K – $410.4K
NOI $24,626 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$305.6K
$267.4K – $356.5K
NOI $21,391 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$622.0K
$544.2K – $725.7K
NOI $43,539 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Wood flooring, central heating and air, and off-street parking serve this New Orleans property.
Where is this duplex located?
The property is located at 6205-07 WAINWRIGHT Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $325,547.
What are key features of this property?
This property features: 2,377‑square‑foot brick duplex built in 1950; 0.1264‑acre lot with a grassy yard and fencing along much of the perimeter; Concrete patio and exterior stairs
