Residential Income
For Sale
$583,000
Pending
6216-18 FONTAINEBLEAU Drive, New Orleans, LA 70125
The 1940 building has 3,311 square feet and central air conditioning.
Property Size3,311 SF
Days on Market45
Property Features for 6216-18 FONTAINEBLEAU Drive
General Information
Standard status
Pending
Size
3,311 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Marlyville - Fontainebleau
Amenities
Central Air, Other
Central, Ductless
Other
Colonial
Building Details
Building Size
3,311 SF
Year Built
1940
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
Listed By:
Edward J Breaux · License #995695890
(504) 319-1701
Source:
Evrealestate
Added: Sep 17
Changed: Oct 30
Last Checked: Oct 30 at 2:51PM
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 Berkshire Hathaway HomeServices Preferred, REALTOR
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1940 residential income property contains 3,311 square feet and has central air conditioning. The address is 6216-18 Fontainebleau Drive in New Orleans, at the corner of Calhoun and Fontainebleau.
Key Highlights
- 3,311‑square‑foot residential income property
- Built in 1940
- Located at the corner of Calhoun and Fontainebleau
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,536
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,720
$770.7K
Cap Rate 7%
$550,514
$550.5K
Cap Rate 9%
$428,178
$428.2K
Market Conditions
NOI Build-Up for 3,311 SF
Gross rent
$77.1K $23.28/SF
− Vacancy
−$7.0K −$2.12/SF
EGI
$70.1K $21.16/SF
− OpEx
−$31.5K −$9.52/SF
NOI
$38.5K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,720
Cap Rate 7%
$550,514
Cap Rate 9%
$428,178
Alternative Uses
Best Use
Apartment 5plus
$550.5K
$481.7K – $642.3K
NOI $38,536 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$841.5K
$736.4K – $981.8K
NOI $58,908 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The 1940 building has 3,311 square feet and central air conditioning.
Where is this residential income property located?
The property is located at 6216-18 FONTAINEBLEAU Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $583,000.
What are key features of this property?
This property features: 3,311‑square‑foot residential income property; Built in 1940; Located at the corner of Calhoun and Fontainebleau
