Lakeview Home with Income
6415-17 Catina Street, New Orleans, LA 70124
Well-maintained duplex near Harrison Ave, offering flexibility and income.
Type:MULTI FAMILY FOR SALE / Townhouse
Property size:
2,488 SFPrice / SF:
$239/SF- Added:
- Dec 22, 2025
- Days on Market:
- 162
- Last Refresh:
- Mar 13 at 2:29 pm
Property Features for 6415-17 Catina Street
General Information
- Standard status
- Active
- Size
- 2,488 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1940
Listing agent Marissa Brown License #995691342 (504) 421-5942
Listing office Snap Realty (504) 421-5942
Listing date Dec 22, 2025
Source Compass
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 Snap Realty
HighLights
- Income potential as a two‑unit property or conversion to a single‑family home.
- Updated first‑floor primary suite with a luxurious, oversized walk‑in shower.
- Thoughtfully designed kitchen with generous storage and quality appliances (replaced within the past three years).
- Multiple off‑street parking spaces.
- Large and enclosed backyard.
- Located just 2.5 blocks from Harrison Ave.
Overview
This Lakeview property is configured as two units, offering flexibility and income potential. It can be used as an investment property, or converted into a single-family residence by adding a doorway from the dining room into the existing interior stairwell. The first-floor unit features a primary suite with an updated attached bathroom that includes an oversized walk-in shower, a second private bedroom, a renovated hall bathroom, and a bonus room that could serve as a third bedroom, playroom, or office. The living and dining room feature original architectural details, hardwood floors, windows, and tall ceilings. The kitchen has storage and appliances replaced within the past three years. The second-floor unit has a private entrance, suitable for rental income, guests, or workspace. Additional features include covered front and back porches, an enclosed backyard, and off-street parking spaces. The property is located 2.5 blocks from Harrison Ave and has a size of 2488 square feet.
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 | $49.3k | $19.80 |
| − Vacancy | −$4.3k | −$1.71 |
| EGI | $45.0k | $18.09 |
| − OpEx | −$13.5k | −$5.43 |
| NOI | $31.5k | $12.66 |
2,488 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$450.1K
$393.8K – $525.1K
NOI $31,504 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$413.7K
$362.0K – $482.6K
NOI $28,957 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$632.4K
$553.3K – $737.8K
NOI $44,266 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.1129835
- Latitude
- 30.0081069
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained duplex near Harrison Ave, offering flexibility and income.
Where is this duplex located?
The property is located at 6415-17 Catina Street New Orleans, LA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Income potential as a two‑unit property or conversion to a single‑family home.; **Updated first‑floor primary suite with a luxurious, oversized walk‑in shower.**; Thoughtfully designed kitchen with generous storage and quality appliances (replaced within the past three years).
