Updated Four-Unit Apartment
For Sale
$549,000
6608-6614 Dauphine St, Arabi, LA 70032
Occupied quadplex with refreshed interiors, separate utility metering, and off-street parking.
Property Size4,120 SF
Price / SF$133.25
Days on Market48
Property Features for 6608-6614 Dauphine St
General Information
Standard status
Active
Size
4,120 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1965
Listing Agency:
Robert Wolfe Real Estate, Inc.
Listed By:
Robert Wolfe · License #000001251
(504) 343-3276
Source:
Fiorellaavenue
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 1:12PM
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 Robert Wolfe Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This four-unit apartment property contains 4,120 square feet and was built in 1965. Each residence offers two bedrooms, one bathroom, an eat-in kitchen, living area, and indoor utility space. One unit also includes an office or study room. The interiors were updated more than one year ago, including flooring, HVAC systems, and the roof. All four units are currently occupied.
Separate utility meters serve the units, with gas service in three residences and electric service in the fourth. Off-street parking is also provided at the property, located at 6608-6614 Dauphine St in Arabi, Louisiana.
Separate utility meters serve the units, with gas service in three residences and electric service in the fourth. Off-street parking is also provided at the property, located at 6608-6614 Dauphine St in Arabi, Louisiana.
Key Highlights
- Four‑unit property totaling 4,120 square feet
- Each unit includes 2 bedrooms, 1 bath, eat‑in kitchen, living room, and indoor utilities
- 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,214
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,280
$904.3K
Cap Rate 7%
$645,914
$645.9K
Cap Rate 9%
$502,378
$502.4K
Market Conditions
NOI Build-Up for 4,120 SF
Gross rent
$70.7K $17.16/SF
− Vacancy
−$6.1K −$1.48/SF
EGI
$64.6K $15.68/SF
− OpEx
−$19.4K −$4.70/SF
NOI
$45.2K $10.97/SF
Area
St. Bernard County, LA
Vacancy
8.64%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,280
Cap Rate 7%
$645,914
Cap Rate 9%
$502,378
Alternative Uses
Best Use
Multifamily LT 5
$645.9K
$565.2K – $753.6K
NOI $45,214 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$603.8K
$528.3K – $704.5K
NOI $42,267 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$1.09M
$951.1K – $1.27M
NOI $76,088 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
Business Placement
Demographics for 70032, LA
4,533
Population
2,160
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
2,267
Density / Sq Mi
$52,500
Median Household Income
$45,463
Median Earnings
$998
Median Rent
$212,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Occupied quadplex with refreshed interiors, separate utility metering, and off-street parking.
Where is this quadplex located?
The property is located at 6608-6614 Dauphine St Arabi, LA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Four‑unit property totaling 4,120 square feet; Each unit includes 2 bedrooms, 1 bath, eat‑in kitchen, living room, and indoor utilities; 100% occupied
