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Lakeview Duplex: Income Opportunity

6552-6554 MILNE Boulevard, New Orleans, LA 70124

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For Sale

$550,000

MULTI_FAMILY - New Orleans, LA

Property size:

2,436 SF

Price / SF:

$225/SF

HighLights

Duplex with current occupants in one unit and two income streams
Spacious duplex on a corner lot with off‑street parking for tenant convenience
Central heating and central air conditioning
Off‑street parking with carport and assigned parking
Built in 1960 with cottage‑style architecture
Public water service and asphalt shingle roof

We can help!

Listing Contact

Christine Lampard

For Sale

$550,000

MULTI_FAMILY - New Orleans, LA

Property size:

2,436 SF

Price / SF:

$225/SF

Added:: Apr 23, 2026
Days on Market:: 51
Last Refresh:: Jun 12 at 9:06 am

Property Features for 6552-6554 MILNE Boulevard

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Off Street, Carport, Assigned
Standard status: Active
APN: 206405308
Size: 2,436 SF

Taxes and HOA fees

Tax Description: SQ 172 LOTS 17 18 MILNE AND SMITH 25X120 EACH

Utilities

Heating system: Central
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1960
Floors in Building: 2
Number of units: 2
Roof type: Shingle, Asphalt
Architectural style: Cottage

We can help!

Listing Contact

Christine Lampard

Listing agent Christine Lampard License #995705956

Listing office KELLER WILLIAMS REALTY 455-0100 3500 N Causeway Blvd Suite 350, Metairie, LA

Listing date Apr 23, 2026

MLS# 2554619 Listing URL

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.

HighLights

Duplex with current occupants in one unit and two income streams
Spacious duplex on a corner lot with off‑street parking for tenant convenience
Central heating and central air conditioning
Off‑street parking with carport and assigned parking
Built in 1960 with cottage‑style architecture
Public water service and asphalt shingle roof

Overview

This income-producing duplex is located in the desirable Lakeview neighborhood. One unit is currently occupied, offering immediate rental income. Situated on a corner lot, the property includes off-street parking. Its location provides convenient access to schools, dining, shopping, recreational trails, City Park, I-10, 610, and the Lake Pontchartrain lakefront. The property offers strong rental potential and dual income streams. The building size is 2436 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $30,846 @ 7.0% cap · market cap 5.61%

Second Best

Apartment 5plus

$405.0K

$354.4K – $472.5K (±1% cap)

NOI $28,352 @ 7.0% cap · market cap 5.15%

Theoretical Best

Office A

$619.2K

$541.8K – $722.4K (±1% cap)

NOI $43,341 @ 7.0% cap · market cap 7.88%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.112251
Latitude: 30.010307

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For sale
Duplexes
LA
New Orleans
70124
6552-6554 MILNE Boulevard

What type of property is this?

Duplex - Income-producing duplex in Lakeview neighborhood with off-street parking.

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: Duplex with current occupants in one unit and two income streams; Spacious duplex on a corner lot with off‑street parking for tenant convenience; Central heating and central air conditioning

6552-6554 MILNE Boulevard, New Orleans, LA 70124

MULTI_FAMILY - New Orleans, LA

Property Features for 6552-6554 MILNE Boulevard

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Canal Street Automotive Investment Opportunity

Mixed-Use Live/Work Building

Gutted Warehouse with Office

Historic Ground-Floor Office Space

Updated Duplex with Off-Street Parking

Turnkey New Construction Duplex

Uptown New Orleans Multi-Family Property

Historic Mixed-Use Building, New Orleans

Mixed-Use Commercial & Residential Property

Renovated Duplex in New Orleans

Restored Victorian Bed & Breakfast

Owner-Occupy Duplex with Sunroom

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