Duplex with Private
6215-17 Vermillion Boulevard New Orleans, LA 70122
6215-17 Vermillion Boulevard, New Orleans, LA, 70122
$399,000
For Sale
$399,000
Two separate 3-bedroom, 2-bath units with private entrances, dedicated laundry, and off-street parking.
Property Size2,638 SF
Price / SF$151.25
Days on Market94
Property Features for 6215-17 Vermillion Boulevard
General Information
- Standard status
- Active
- Size
- 2,638 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2012
Listing agency
The Agency of M. Grass Group, LLC
(504) 723-1197
Listed by
Jennifer Silver · License #995717115
(504) 723-1197
Source
Compass
Added: Apr 20 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 5:58AM
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 The Agency of M. Grass Group, LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two spacious 3-bedroom, 2-bath units designed with functional, open layouts. Each unit has its own private entrance, a dedicated laundry room, generous closet space, and all appliances included. The property also features a large private shaded backyard suited for outdoor use.
Set at 6215-6217 Vermillion Boulevard in Gentilly, the home is just minutes from the University of New Orleans, Southern University at New Orleans, Delgado Community College, Dillard University, and Xavier University. The area also provides quick access to I-10, Downtown New Orleans, City Park, the Lakefront, UNO, and the Fair Grounds.
The separate entrances and dedicated laundry rooms support tenant privacy and day-to-day convenience. Off-street parking is provided via separate double driveways for each unit, offering practical value in a multi-unit setting. With appliances included and an outdoor yard space, the configuration can work well for students, faculty, traveling professionals, or long-term tenants, and it can also accommodate an owner-occupant seeking a second unit for rental income.
Set at 6215-6217 Vermillion Boulevard in Gentilly, the home is just minutes from the University of New Orleans, Southern University at New Orleans, Delgado Community College, Dillard University, and Xavier University. The area also provides quick access to I-10, Downtown New Orleans, City Park, the Lakefront, UNO, and the Fair Grounds.
The separate entrances and dedicated laundry rooms support tenant privacy and day-to-day convenience. Off-street parking is provided via separate double driveways for each unit, offering practical value in a multi-unit setting. With appliances included and an outdoor yard space, the configuration can work well for students, faculty, traveling professionals, or long-term tenants, and it can also accommodate an owner-occupant seeking a second unit for rental income.
Key Highlights
- 2012‑built 2‑story duplex featuring two separate 3‑bedroom, 2‑bath units
- Each unit has a private entrance and dedicated laundry room
- Off‑street parking with separate double driveways for each unit
Local 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 | $42.7k | $16.20 |
| − Vacancy | −$3.7k | −$1.40 |
| EGI | $39.0k | $14.80 |
| − OpEx | −$11.7k | −$4.44 |
| NOI | $27.3k | $10.36 |
2,638 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.4K
$341.6K – $455.5K
NOI $27,330 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$339.1K
$296.8K – $395.7K
NOI $23,740 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$690.3K
$604.0K – $805.3K
NOI $48,320 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two separate 3-bedroom, 2-bath units with private entrances, dedicated laundry, and off-street parking.
Where is this duplex located?
The property is located at 6215-17 Vermillion Boulevard New Orleans, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2012‑built 2‑story duplex featuring two separate 3‑bedroom, 2‑bath units; Each unit has a private entrance and dedicated laundry room; Off‑street parking with separate double driveways for each unit
