Townhome-Style Duplex for
For Sale
$330,000
6266-6268 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 6266-6268 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
716531701
Size
2,380 SF
Taxes and HOA fees
Tax Description
Country Club Estates Lot 161, 161-A 40x129
Legal Description
Country Club Estates Lot 161, 161-A 40x129
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 30
Last Checked: Jul 31 at 9:06AM
MLS# 2507879
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 townhome-style duplex offers two separate units arranged with one on the lower level and one upstairs. Each unit includes one bath, a large den, kitchen, breakfast area, and a laundry closet. The duplex also features Jack-and-Jill baths, along with fenced backyards and storage sheds at the rear. Attached carports provide additional covered parking, each with its own storage shed.
The property is located at 6266-6268 BELLAIRE Drive, New Orleans, LA 70124. The current occupancy includes a tenant at 6266 who has been in place for over a year and a tenant at 6268 who has been there for almost three years. Refrigerators are provided by the landlord.
For investors or owner-occupants seeking a residential income property, the unit layout provides comfortable common living space in each home, plus dedicated laundry and storage. The HVAC systems were installed in 2016, and the roof was replaced in 2022, supporting the building’s major systems. This duplex is one of five duplex buildings being offered for sale, with the option to purchase individually or as part of a package.
The property is located at 6266-6268 BELLAIRE Drive, New Orleans, LA 70124. The current occupancy includes a tenant at 6266 who has been in place for over a year and a tenant at 6268 who has been there for almost three years. Refrigerators are provided by the landlord.
For investors or owner-occupants seeking a residential income property, the unit layout provides comfortable common living space in each home, plus dedicated laundry and storage. The HVAC systems were installed in 2016, and the roof was replaced in 2022, supporting the building’s major systems. This duplex is one of five duplex buildings being offered for sale, with the option to purchase individually or as part of a package.
Key Highlights
- Roof replaced in 2022.
- HVACs are 2016.
- Each unit has a fenced backyard 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
100%
Occupancy
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 - Two-unit duplex with fenced backyards, storage sheds, and updated major systems suitable for residential income buyers.
Where is this duplex located?
The property is located at 6266-6268 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: Roof replaced in 2022.; HVACs are 2016.; Each unit has a fenced backyard with storage shed.
