Income-Generating Duplex Corner
6552-6554 Milne Boulevard New Orleans, LA 70124
6552-6554 Milne Boulevard, New Orleans, LA, 70124
$550,000
For Sale
$550,000
Duplex on a corner lot with off-street parking and current occupants in one unit.
Property Size2,436 SF
Price / SF$225.78
Days on Market104
Property Features for 6552-6554 Milne Boulevard
General Information
- Standard status
- Active
- Size
- 2,436 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1960
Listing agency
KELLER WILLIAMS REALTY 455-0100
(504) 400-8822
Listed by
Christine Lampard · License #995705956
(504) 400-8822
Source
Compass
Added: Apr 10 Updated: Jul 21 at 2:19AM Checked: Jul 22 at 9:55AM
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 KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
This income-producing duplex is configured as a two-unit property and offers off-street parking. Public remarks indicate that current occupants are already in place in one unit, providing an opportunity to acquire with in-place tenancy.
The property is located in the Lakeview neighborhood of New Orleans, near schools, dining, shopping, recreational trails, City Park, and the Lake Pontchartrain lakefront. It also provides convenient access to I-10 and 610.
As presented, the asset offers dual-unit income potential within a duplex layout on a corner lot.
The property is located in the Lakeview neighborhood of New Orleans, near schools, dining, shopping, recreational trails, City Park, and the Lake Pontchartrain lakefront. It also provides convenient access to I-10 and 610.
As presented, the asset offers dual-unit income potential within a duplex layout on a corner lot.
Key Highlights
- 2‑story duplex on a corner lot with off‑street parking
- 6 bedrooms and 4 full bathrooms
- Central air cooling and central heating
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 | $48.2k | $19.80 |
| − Vacancy | −$4.2k | −$1.71 |
| EGI | $44.1k | $18.09 |
| − OpEx | −$13.2k | −$5.43 |
| NOI | $30.8k | $12.66 |
2,436 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$440.7K
$385.6K – $514.1K
NOI $30,846 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$405.0K
$354.4K – $472.5K
NOI $28,352 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$619.2K
$541.8K – $722.4K
NOI $43,341 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex on a corner lot with off-street parking and current occupants in one unit.
Where is this duplex located?
The property is located at 6552-6554 Milne Boulevard New Orleans, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2‑story duplex on a corner lot with off‑street parking; 6 bedrooms and 4 full bathrooms; Central air cooling and central heating
