University Proximity Duplex with
6219-21 Wadsworth Drive New Orleans, LA 70122
6219-21 Wadsworth Drive, New Orleans, LA, 70122
$245,000
For Sale
$245,000
Duplex near UNO with income potential and flexible living spaces.
Property Size1,880 SF
Price / SF$130.32
Days on Market393
Property Features for 6219-21 Wadsworth Drive
General Information
- Standard status
- Active
- Size
- 1,880 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1940
Listing Agency
Bert Brown & Associates Real Estate, LLC
(504) 581-2804
Listed by
Cal Herman · License #995692333
(504) 581-2804
Source
Compass
Added: Jun 20, 2025 Checked: Jul 17 at 3:56 am
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 Bert Brown & Associates Real Estate, LLC
Investment Insights
Based on property information with market context.
Located one block from the University of New Orleans, this property features two units, each offering 2 bedrooms and 1 bathroom. Each unit includes a bonus room suitable for use as an additional bedroom, office, or flexible space. The property is suitable for investors or owner-occupants, offering the opportunity to reside in one unit while generating rental income from the other. Each unit is equipped with a separate laundry room at the rear. The property includes a large backyard. A new roof was installed after Hurricane Ida. The property is located minutes from the Lakefront, Bayou St. John, and City Park, providing access to outdoor recreation. The property contains 1,880 square feet.
Key Highlights
- Two spacious 2‑bedroom units, each with a bonus room, offering flexibility for living or rental income.
- Prime location one block from the University of New Orleans.
- Opportunity for owner‑occupancy with rental income potential to offset mortgage costs.
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 | $30.5k | $16.20 |
| − Vacancy | −$2.6k | −$1.40 |
| EGI | $27.8k | $14.80 |
| − OpEx | −$8.3k | −$4.44 |
| NOI | $19.5k | $10.36 |
1,880 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$278.2K
$243.5K – $324.6K
NOI $19,477 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$241.7K
$211.5K – $282.0K
NOI $16,918 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$491.9K
$430.5K – $573.9K
NOI $34,436 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex near UNO with income potential and flexible living spaces.
Where is this duplex located?
The property is located at 6219-21 Wadsworth Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two spacious 2‑bedroom units, each with a bonus room, offering flexibility for living or rental income.; Prime location one block from the University of New Orleans.; Opportunity for owner‑occupancy with rental income potential to offset mortgage costs.
