Duplex with Off-Street
For Sale
$330,000
6262-6264 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 6262-6264 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
716531609
Size
2,380 SF
Taxes and HOA fees
Tax Description
Country Club Estates Lots 160,160-A Bellaire 40x199
Legal Description
Country Club Estates Lots 160,160-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:
Joy Maureen Matthews · License #000008926
(504) 908-5037
Added: Jun 18, 2025
Changed: Jul 11
Last Checked: Jul 31 at 9:06AM
MLS# 2507878
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 features two separate units, each with 2 bedrooms, 1 bath, a large den, dinette, and dedicated laundry closets with full-sized hook-ups. Stoves and refrigerators are included. Parking is handled via a carport and driveway providing off-street parking for two cars, and the carport includes a storage shed. There is also a large shed at the end of the fenced backyard. The roof was replaced in 2022, and the HVAC system was replaced in December 2022. Unit 6262 has been remodeled, while unit 6264 has painted paneling and laminate flooring in the kitchen, living room, and bedrooms.
Located in the Lakeview area, the property sits off Fleur de Lis and W Harrison, offering convenient access within New Orleans.
The layout and existing improvements make this property well suited for an owner-operator or an investor seeking a maintained duplex with two bedrooms per unit and in-place, long-term tenancy. With one tenant at over a year and the other nearly three years, the current configuration is set up for straightforward ongoing rental operations.
Located in the Lakeview area, the property sits off Fleur de Lis and W Harrison, offering convenient access within New Orleans.
The layout and existing improvements make this property well suited for an owner-operator or an investor seeking a maintained duplex with two bedrooms per unit and in-place, long-term tenancy. With one tenant at over a year and the other nearly three years, the current configuration is set up for straightforward ongoing rental operations.
Key Highlights
- Duplex in the Lakeview area off of Fleur de Lis and W Harrison
- Each unit features 2 bedrooms, 1 bath, large den, dinette, and laundry closets with full‑sized hook‑ups
- Stoves and refrigerators included with the units
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
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 - Two updated rental units with laundry hook-ups, included appliances, and enclosed off-street parking in a Lakeview area setting.
Where is this duplex located?
The property is located at 6262-6264 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 in the Lakeview area off of Fleur de Lis and W Harrison; Each unit features 2 bedrooms, 1 bath, large den, dinette, and laundry closets with full‑sized hook‑ups; Stoves and refrigerators included with the units
