Owner-Occupant Duplex in
6425-27 Park Manor Drive Metairie, LA 70003
6425-27 Park Manor Drive, Metairie, LA, 70003
$299,000
For Sale
$299,000
Well-maintained duplex with two three-bedroom units, updated finishes, and covered parking with storage.
Property Size2,500 SF
Price / SF$119.60
Days on Market43
Property Features for 6425-27 Park Manor Drive
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1974
Listing agency
RE/MAX Synergy
(504) 914-0988
Listed by
Jeff Melancon · License #995685397
(504) 914-0988
Source
Compass
Added: Jun 10 Updated: Jul 21 at 1:18AM Checked: Jul 22 at 6:12AM
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 RE/MAX Synergy
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two spacious residential units with updated flooring, neutral paint, and functional floor plans. Each unit features three bedrooms, updated bathrooms, and kitchens with ample cabinet storage, along with generous living areas and closet space. The exterior is brick, providing a low-maintenance exterior.
The property is located in Metairie, just minutes from shopping, dining, schools, and Lafreniere Park. It also sits in an X Flood Zone.
Additional features include covered parking with storage rooms, supporting practical day-to-day use for residents.
The property is located in Metairie, just minutes from shopping, dining, schools, and Lafreniere Park. It also sits in an X Flood Zone.
Additional features include covered parking with storage rooms, supporting practical day-to-day use for residents.
Key Highlights
- Duplex in Metairie built in 1974 with 1 story, brick exterior, and a slab foundation
- 2 units, each with 3 bedrooms and updated flooring and neutral paint colors
- Each unit includes well‑equipped kitchens with plenty of cabinet storage
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 | $40.5k | $16.20 |
| − Vacancy | −$2.3k | −$0.92 |
| EGI | $38.2k | $15.28 |
| − OpEx | −$11.5k | −$4.58 |
| NOI | $26.7k | $10.69 |
2,500 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.9K
$334.2K – $445.6K
NOI $26,734 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$332.4K
$290.8K – $387.8K
NOI $23,265 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$585.4K
$512.3K – $683.0K
NOI $40,981 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two three-bedroom units, updated finishes, and covered parking with storage.
Where is this duplex located?
The property is located at 6425-27 Park Manor Drive Metairie, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Duplex in Metairie built in 1974 with 1 story, brick exterior, and a slab foundation; 2 units, each with 3 bedrooms and updated flooring and neutral paint colors; Each unit includes well‑equipped kitchens with plenty of cabinet storage
