Two-Unit Brick
For Sale
$345,000
6535 AVENUE A, New Orleans, LA 70124
Multifamily, New Orleans, LA
Property Size2,053 SF
Price / SF$168.05
Days on Market9
Property Features for 6535 AVENUE A
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 3
Parking features
Driveway
Standard status
Active
APN
716520717
Size
2,053 SF
Additional Details
Tenant in Place
Yes
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
GL Realty Group, LLC
(985) 308-1460
Listed By:
Jenny M. Lendle · License #995691870
(985) 859-6589
Added: Oct 15
Changed: Oct 23
Last Checked: Oct 23 at 5:06PM
MLS# 2581904
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,053-square-foot brick duplex, built in 1940, contains two residences: one with three bedrooms and 1.5 baths, and the other with two bedrooms and one bath. Central heating and central air serve the property, with driveway parking.
One residence is tenant-occupied. The property has public water and sewer service, and natural gas is available.
One residence is tenant-occupied. The property has public water and sewer service, and natural gas is available.
Key Highlights
- 2,053 square feet in a brick duplex
- Three‑bedroom, 1.5‑bath residence paired with a two‑bedroom, one‑bath residence
- One residence 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
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The residences have different bedroom and bathroom layouts, and one is currently tenant-occupied.
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 feet in a brick duplex; Three‑bedroom, 1.5‑bath residence paired with a two‑bedroom, one‑bath residence; One residence is tenant‑occupied
