Duplex with Fenced
New
For Sale
$345,000
6535 AVENUE A, New Orleans, LA 70124
Multi-Family, Traditional, New Orleans, LA
Property Size2,053 SF
Price / SF$168.05
Days on Market2
Property Features for 6535 AVENUE A
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Exterior features
Fence
Fencing
Fenced
Lot features
Regular
Subdivision
Lakeview
Standard status
Active
APN
716520717
Size
2,053 SF
Taxes and HOA fees
Tax Description
SQ 61 LOTS 37-38 AVENUE A 50 X 120 6537-35 AVENUE A
Legal Description
SQ 61 LOTS 37-38 AVENUE A 50 X 120 6537-35 AVENUE A
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
GL Realty Group, LLC
(985) 308-1460
Listed By:
Jenny Lendle · License #995691870
(985) 859-6589
Added: Oct 15
Last Checked: Oct 16 at 7:06AM
MLS# 2581904
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 2,053 square feet and was built in 1940. The two sides have distinct layouts: one includes three bedrooms and 1.5 baths, while the other has two bedrooms and one bath. Central heating and central air serve the property, with a shingle roof and public water. A fence encloses the yard, and driveway parking is provided.
One unit is tenant-occupied, while the other is unoccupied. The property is located in New Orleans, Louisiana.
One unit is tenant-occupied, while the other is unoccupied. The property is located in New Orleans, Louisiana.
Key Highlights
- 2,053‑square‑foot duplex built in 1940
- Three‑bedroom, 1.5‑bath unit paired with a two‑bedroom, one‑bath unit
- One unit is tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,996
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,920
$519.9K
Cap Rate 7%
$371,371
$371.4K
Cap Rate 9%
$288,844
$288.8K
Market Conditions
NOI Build-Up for 2,053 SF
Gross rent
$40.6K $19.80/SF
− Vacancy
−$3.5K −$1.71/SF
EGI
$37.1K $18.09/SF
− OpEx
−$11.1K −$5.43/SF
NOI
$26.0K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,920
Cap Rate 7%
$371,371
Cap Rate 9%
$288,844
Alternative Uses
Best Use
Multifamily LT 5
$371.4K
$325.0K – $433.3K
NOI $25,996 @ 7.0% cap · market cap 7.54%
Second Best
Apartment 5plus
$341.4K
$298.7K – $398.3K
NOI $23,895 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$521.8K
$456.6K – $608.8K
NOI $36,526 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
684
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One unit is occupied, while the other offers a separate bedroom and bath configuration.
Where is this duplex located?
The property is located at 6535 AVENUE A New Orleans, LA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 2,053‑square‑foot duplex built in 1940; Three‑bedroom, 1.5‑bath unit paired with a two‑bedroom, one‑bath unit; One unit is tenant‑occupied
