Fontainebleau Triplex: Income
6216-18 FONTAINEBLEAU Drive New Orleans, LA 70125
6216-18 FONTAINEBLEAU Drive, New Orleans, LA, 70125
$595,000
Pending
For Sale
$595,000
Pending
MULTI_FAMILY - New Orleans, LA
Property Size3,311 SF
Lot Size0.10 Acres
Days on Market115
Property Features for 6216-18 FONTAINEBLEAU Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Fence, Porch
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 615210906
- Size
- 3,311 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- BURTHEVILLE SQ 146 LOT Y FONTAINEBLEAU & CALHOUN 42X104 DUP-W 6216-18 FONTAINEBLEAU DR FILE #79137 5/99
Utilities
- Heating system
- Central, Other (Heating), Ductless (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Colonial
Listing Agency
Berkshire Hathaway HomeServices Preferred, REALTOR
(504) 799-1702
4018 Magazine St., New Orleans, LA
Listed by
Edward Breaux
(504) 799-1702
Added: Mar 25 Checked: Jul 17 at 7:06 am
MLS# 2549136
Listing URL
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained triplex is located on a corner lot in the Fontainebleau neighborhood, offering convenient access to the interstate, downtown, Carrollton, Uptown, and nearby universities. The property features a charming exterior with a covered front porch and upper balcony. Interior details include hardwood floors and millwork. The main house is configured as two separate upper and lower units, each offering 2 bedrooms and 2 full baths with approximately 1,300 square feet of living space and abundant natural light. The upper unit includes a private balcony overlooking Fontainebleau Drive. Both units are currently vacant, providing immediate opportunity for an owner-occupant or lease-up at market rents. A detached rear efficiency is currently occupied, with potential rental income of $1,200/month. The property is located in an X flood zone and has a total configuration of 5 bedrooms and 5 full baths across approximately 3,311 square feet. Projected gross rental income is conservatively $5,200+/month when fully leased. The lot size is 0.1003 acres.
Key Highlights
- Triplex on a corner lot in the Fontainebleau area featuring a covered front porch and an upper balcony
- Main house has 2 separate units (upper and lower), each with 2 bedrooms and 2 full baths and approx. 1,300 SF
- Upper unit includes a private balcony overlooking Fontainebleau Drive; interior features include hardwood floors and millwork
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 | $65.6k | $19.80 |
| − Vacancy | −$5.7k | −$1.71 |
| EGI | $59.9k | $18.09 |
| − OpEx | −$18.0k | −$5.43 |
| NOI | $41.9k | $12.66 |
3,311 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$598.9K
$524.1K – $698.8K
NOI $41,926 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$550.5K
$481.7K – $642.3K
NOI $38,536 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$841.5K
$736.4K – $981.8K
NOI $58,908 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Well-maintained triplex in Fontainebleau with strong income potential.
Where is this triplex 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 $595,000.
What are key features of this property?
This property features: Triplex on a corner lot in the Fontainebleau area featuring a covered front porch and an upper balcony; Main house has 2 separate units (upper and lower), each with 2 bedrooms and 2 full baths and approx. 1,300 SF; Upper unit includes a private balcony overlooking Fontainebleau Drive; interior features include hardwood floors and millwork
