Tenant-Occupied Duplex with Separate
For Sale
$214,900
6230-6232 Eads St, New Orleans, LA 70122
Two separately metered residences offer central air, off-street parking, and washer/dryer connections.
Property Size1,655 SF
Price / SF$129.85
Days on Market48
Property Features for 6230-6232 Eads St
General Information
Standard status
Active
Size
1,655 SF
Property subtype
Multi-Family
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
ready for value added cosmetic updates
Site & Location
Neighborhood
Milneburg
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
central air
off-street parking
washer/dryer connections
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
United Real Estate Partners LLC
(504) 305-4930
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 24 at 4:55PM
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 United Real Estate Partners LLC
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 New Orleans duplex contains two independent residences: one with two bedrooms and one bathroom, and another with three bedrooms and one bathroom. Both units are currently tenant occupied and have separate utility meters. Central air serves each residence, while off-street parking and washer/dryer connections add practical functionality. The roof was replaced in 2022, and the property was built in 1970.
Unit 6230 has received recent updates and includes kitchen appliances, a washer, and a dryer. Unit 6232 is positioned for cosmetic improvements. The property is near the University of New Orleans, Southern University New Orleans, Dillard University, restaurants, shopping, and interstate access. Located at 6230–6232 Eads Street, the duplex offers two distinct living spaces within one property.
Unit 6230 has received recent updates and includes kitchen appliances, a washer, and a dryer. Unit 6232 is positioned for cosmetic improvements. The property is near the University of New Orleans, Southern University New Orleans, Dillard University, restaurants, shopping, and interstate access. Located at 6230–6232 Eads Street, the duplex offers two distinct living spaces within one property.
Key Highlights
- Two residences: a 2‑bedroom/1‑bath unit and a 3‑bedroom/1‑bath unit
- Separate utility meters serve each unit
- Both units are currently tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,146
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,920
$342.9K
Cap Rate 7%
$244,943
$244.9K
Cap Rate 9%
$190,511
$190.5K
Market Conditions
NOI Build-Up for 1,655 SF
Gross rent
$26.8K $16.20/SF
− Vacancy
−$2.3K −$1.40/SF
EGI
$24.5K $14.80/SF
− OpEx
−$7.3K −$4.44/SF
NOI
$17.1K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,920
Cap Rate 7%
$244,943
Cap Rate 9%
$190,511
Alternative Uses
Best Use
Multifamily LT 5
$244.9K
$214.3K – $285.8K
NOI $17,146 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$212.8K
$186.2K – $248.2K
NOI $14,894 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$433.1K
$378.9K – $505.2K
NOI $30,314 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
380
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
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences offer central air, off-street parking, and washer/dryer connections.
Where is this duplex located?
The property is located at 6230-6232 Eads St New Orleans, LA.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Two residences: a 2‑bedroom/1‑bath unit and a 3‑bedroom/1‑bath unit; Separate utility meters serve each unit; Both units are currently tenant occupied
