Two-Unit Duplex Income
For Sale
$330,000
6258-6260 BELLAIRE Drive, New Orleans, LA 70124
MULTI_FAMILY - New Orleans, LA
Property Size2,380 SF
Price / SF$138.66
Days on Market409
Property Features for 6258-6260 BELLAIRE Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street, Carport
Exterior features
Fence
Fencing
Fenced
Subdivision
Lakeview
Lot features
Levee, Oversized
Standard status
Active
APN
716531604
Size
2,380 SF
Taxes and HOA fees
Tax Description
Country Club Estates Lot 159, 159-A Bellaire 40x199
Legal Description
Country Club Estates Lot 159, 159-A Bellaire 40x199
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Homesmart Realty South · HomeSmart International
(504) 908-7653
Listed By:
Maureen Matthews · License #000008926
(504) 908-5037
Added: Jun 18, 2025
Changed: Jul 30
Last Checked: Jul 31 at 9:06AM
MLS# 2507877
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 duplex-style two-unit residential income property includes two separate 2-bedroom, 1-bath units. Each unit has laundry closets with full-sized hookups, and the interior finishes include sheetrock walls downstairs with laminate in the den, porcelain tile in the kitchen/dining, and carpet in the bedrooms. Landlord-provided refrigerators are included. Improvements listed include a water heater replacement for the 6258 unit in May 2021 and a roof replacement in 2022.
The property is described as being in Lakeview near Fleur de Lis and W Harrison, and it is located on the levee. Each unit has a private carport with an attached storage shed, and there is also a large storage shed at the end of a long, fenced backyard that backs up to the levee.
Both units have leases that have been in place since May and December 2021.
The property is described as being in Lakeview near Fleur de Lis and W Harrison, and it is located on the levee. Each unit has a private carport with an attached storage shed, and there is also a large storage shed at the end of a long, fenced backyard that backs up to the levee.
Both units have leases that have been in place since May and December 2021.
Key Highlights
- Duplex style property offers income potential with two units
- Great Lakeview location near Fleur de Lis and W Harrison, on the levee
- Each unit includes a private carport with storage shed
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 | $47.1k | $19.80 |
| − Vacancy | −$4.1k | −$1.71 |
| EGI | $43.1k | $18.09 |
| − OpEx | −$12.9k | −$5.43 |
| NOI | $30.1k | $12.66 |
2,380 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$430.5K
$376.7K – $502.3K
NOI $30,137 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$395.7K
$346.3K – $461.7K
NOI $27,700 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$604.9K
$529.3K – $705.7K
NOI $42,344 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
Explore this area
Business Placement
Demographics for 70124, LA
22,777
Population
8,919
Households
2.6
Avg Household Size
37
Median Age
70%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,400
Density / Sq Mi
$121,318
Median Household Income
$66,323
Median Earnings
$1,752
Median Rent
$577,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units, each with private carport and storage, plus shared fenced backyard storage.
Where is this duplex located?
The property is located at 6258-6260 BELLAIRE Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Duplex style property offers income potential with two units; Great Lakeview location near Fleur de Lis and W Harrison, on the levee; Each unit includes a private carport with storage shed
