Duplex with Updated
For Sale
$299,000
Pending
6425 PARK MANOR Drive, Metairie, LA 70003
MULTI_FAMILY - Metairie, LA
Property Size2,500 SF
Days on Market50
Property Features for 6425 PARK MANOR Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Covered, Carport
Exterior features
Fence
Fencing
Fenced
Subdivision
Park Manor
Lot features
Regular
Standard status
Pending
APN
0820030991
Size
2,500 SF
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Synergy · RE/MAX International
(985) 307-1367
Listed By:
Jeffery Melancon
(985) 307-1367
Added: Jun 11
Changed: Jul 30
Last Checked: Jul 30 at 4:06PM
MLS# 2562559
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 offers two spacious residential units designed for comfortable day-to-day living. Each unit includes three bright bedrooms, updated bathrooms, and well-equipped kitchens with ample cabinet storage, along with updated flooring and neutral paint colors throughout. The exterior is low-maintenance brick, and the property includes covered parking supported by storage rooms, adding practicality for residents.
Located at 6425 PARK MANOR Drive in Metairie, the property is described as being just minutes from shopping, dining, and schools, with Lafreniere Park nearby. The home is also noted as being in an X Flood Zone.
The layout and finish level make the property well suited for an owner-occupant who wants to live in one unit while leasing the other, or for buyers seeking a straightforward duplex rental setup. With functional floor plans, generous living areas, and covered parking plus storage, it supports everyday livability for tenants and long-term owner management. Schedule a private showing to review the units and configuration in person.
Located at 6425 PARK MANOR Drive in Metairie, the property is described as being just minutes from shopping, dining, and schools, with Lafreniere Park nearby. The home is also noted as being in an X Flood Zone.
The layout and finish level make the property well suited for an owner-occupant who wants to live in one unit while leasing the other, or for buyers seeking a straightforward duplex rental setup. With functional floor plans, generous living areas, and covered parking plus storage, it supports everyday livability for tenants and long-term owner management. Schedule a private showing to review the units and configuration in person.
Key Highlights
- Duplex built in 1974 with two units, each offering 3 bedrooms and updated bathrooms
- Central heating and central air conditioning
- Covered carport parking with storage rooms
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 70003, LA
40,068
Population
17,479
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
89%
High-School Grad
7.0 sq mi
ZIP Area
5,724
Density / Sq Mi
$76,151
Median Household Income
$45,102
Median Earnings
$1,191
Median Rent
$255,300
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 in an X Flood Zone with two updated three-bedroom units, brick exterior, and covered parking with storage.
Where is this duplex located?
The property is located at 6425 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 built in 1974 with two units, each offering 3 bedrooms and updated bathrooms; Central heating and central air conditioning; Covered carport parking with storage rooms
