Duplex with In-Unit
For Sale
$279,500
6210-6212 Waldo Drive, New Orleans, LA 70122
Two separate units each offer three bedrooms, two full baths, hardwood floors, and in-unit laundry, with roof replaced in 2022.
Days on Market9
Property Features for 6210-6212 Waldo Drive
General Information
Standard status
Active
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Building Details
Building Size
2,266 SF
Year Built
1956
Listing Agency:
Tag Realty LLC
(504) 905-0773
Listed By:
Katheryn Best · License #995710089
(504) 905-0773
Source:
Nolalivingrealty
Added: Jul 23
Changed: Jul 27
Last Checked: Jul 30 at 12:01PM
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 Tag Realty LLC
Investment Insights
Based on property information with market context.
This New Orleans duplex features two separate units, each with three bedrooms and two full baths. Hardwood flooring runs throughout both units, and each unit includes laundry in the unit. All four bathrooms have recently upgraded vanities. The roof was replaced in 2022.
The property is described as conveniently located next to LSUNO and Ben Franklin, with parks nearby, providing straightforward access to area amenities.
Flood insurance is noted as being low assumable, and the property is listed as being in an X zone.
The property is described as conveniently located next to LSUNO and Ben Franklin, with parks nearby, providing straightforward access to area amenities.
Flood insurance is noted as being low assumable, and the property is listed as being in an X zone.
Key Highlights
- 1956‑built New Orleans duplex with two separate units
- Each unit features 3 bedrooms and 2 full baths
- Hardwood flooring flows throughout both units
Financial Insights For Multifamily LT 5
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 | $36.7k | $16.20 |
| − Vacancy | −$3.2k | −$1.40 |
| EGI | $33.5k | $14.80 |
| − OpEx | −$10.1k | −$4.44 |
| NOI | $23.5k | $10.36 |
2,266 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$335.4K
$293.5K – $391.3K
NOI $23,476 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$291.3K
$254.9K – $339.9K
NOI $20,392 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$592.9K
$518.8K – $691.8K
NOI $41,506 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
444
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 - Two separate units each offer three bedrooms, two full baths, hardwood floors, and in-unit laundry, with roof replaced in 2022.
Where is this duplex located?
The property is located at 6210-6212 Waldo Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $279,500.
What are key features of this property?
This property features: 1956‑built New Orleans duplex with two separate units; Each unit features 3 bedrooms and 2 full baths; Hardwood flooring flows throughout both units
