Well-Maintained Duplex with
6448-50 Park Manor Drive Metairie, LA 70003
6448-50 Park Manor Drive, Metairie, LA, 70003
$262,900
For Sale
$262,900
Duplex offers two leased units, each with two bedrooms, one bath, and a one-car carport.
Property Size2,222 SF
Price / SF$118.32
Days on Market327
Property Features for 6448-50 Park Manor Drive
General Information
- Standard status
- Active
- Size
- 2,222 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Listing agency
RE/MAX Professional
(225) 964-6535
Listed by
Toni V House · License #0000033471
(225) 964-6535
Source
Compass
Added: Aug 30, 2025 Updated: Jul 21 at 12:09AM Checked: Jul 22 at 8:22AM
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 Professional
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two residential units, each with two bedrooms, one bathroom, a spacious living room, and a combined kitchen/dining area. A one-car carport is provided for each unit. Building updates include a newer roof installed in 2022, a tankless water heater installed in September 2023, and new HVAC parts installed in October 2024 on the 6448 Park Manor left side. Unit 1 (6450) has a tenant-owned refrigerator and microwave, while Unit 2 (6448) lists tenants as owning all appliances.
Both units are separately metered for water, gas, and electricity. The property is located in Jefferson Parish and described as being just minutes from Lafreniere Park in Metairie.
Each unit’s interior layout includes living and bedroom spaces with room dimensions provided for the living room and two bedrooms.
Both units are separately metered for water, gas, and electricity. The property is located in Jefferson Parish and described as being just minutes from Lafreniere Park in Metairie.
Each unit’s interior layout includes living and bedroom spaces with room dimensions provided for the living room and two bedrooms.
Key Highlights
- Duplex with 2 leased units, each offering 2 bedrooms, 1 full bathroom, a living room, and a combined kitchen/dining area
- Newer roof installed in 2022 and tankless water heater installed Sept. 2023 (left side: 6448 Park Manor)
- HVAC updated with new parts installed Oct. 2024; includes central air plus 2 AC units and 2 heating units
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 | $36.0k | $16.20 |
| − Vacancy | −$2.1k | −$0.92 |
| EGI | $33.9k | $15.28 |
| − OpEx | −$10.2k | −$4.58 |
| NOI | $23.8k | $10.69 |
2,222 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$339.4K
$297.0K – $396.0K
NOI $23,761 @ 7.0% cap · market cap 9.04%
Second Best
Apartment 5plus
$295.4K
$258.5K – $344.6K
NOI $20,678 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$520.3K
$455.3K – $607.1K
NOI $36,424 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offers two leased units, each with two bedrooms, one bath, and a one-car carport.
Where is this duplex located?
The property is located at 6448-50 Park Manor Drive Metairie, LA.
What is the asking price?
The asking price for this property is $262,900.
What are key features of this property?
This property features: Duplex with 2 leased units, each offering 2 bedrooms, 1 full bathroom, a living room, and a combined kitchen/dining area; Newer roof installed in 2022 and tankless water heater installed Sept. 2023 (left side: 6448 Park Manor); HVAC updated with new parts installed Oct. 2024; includes central air plus 2 AC units and 2 heating units
