Two-Unit Residential Income
6618-20 CANAL Boulevard New Orleans, LA 70124
New
6618-20 CANAL Boulevard, New Orleans, LA, 70124
$419,000
For Sale
$419,000
MULTI_FAMILY - New Orleans, LA
Property Size3,219 SF
Price / SF$130.16
Days on Market4
Property Features for 6618-20 CANAL Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- APN
- 6620-CANALBL
- Size
- 3,219 SF
Taxes and HOA fees
- Tax Description
- SQ 162 LOTS 33 34
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1992
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Century 21 J. Carter & Company
(504) 810-2825
3540 S I-10 Service Rd W, Metairie, LA
Listed by
David Claus · License #S23686
(504) 810-2825
Added: Jul 14 Checked: Jul 17 at 2:06 am
MLS# 2567697
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.
Investment Insights
Based on property information with market context.
This duplex features two spacious, independent living units, each configured for separate day-to-day use. The main unit offers four bedrooms and two and a half baths, along with an open living space and an additional den that could support flexible interior use. The second unit includes three bedrooms and one and a half baths, and it also has inside laundry.
The property is located in New Orleans’ Lakeview area, just off Canal Boulevard, with convenient access to shopping, dining, and amenities along Harrison Avenue.
As a residential income property, the building provides a straightforward two-unit setup that can support either an investor strategy or owner-occupant living, with the second unit available for additional income potential.
The property is located in New Orleans’ Lakeview area, just off Canal Boulevard, with convenient access to shopping, dining, and amenities along Harrison Avenue.
As a residential income property, the building provides a straightforward two-unit setup that can support either an investor strategy or owner-occupant living, with the second unit available for additional income potential.
Key Highlights
- Double with 2 independent living units built in 1992
- Main unit: 4 bedrooms, 2.5 baths, open living space, plus an additional den
- Second unit: 3 bedrooms, 1.5 baths, with inside laundry
Local Financial Insights For Apartment 5plus
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 | $74.9k | $23.28 |
| − Vacancy | −$6.8k | −$2.12 |
| EGI | $68.1k | $21.16 |
| − OpEx | −$30.7k | −$9.52 |
| NOI | $37.5k | $11.64 |
3,219 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$582.3K
$509.5K – $679.4K
NOI $40,761 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$535.2K
$468.3K – $624.4K
NOI $37,465 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$818.2K
$715.9K – $954.5K
NOI $57,271 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two independent units, including in-unit laundry and separate bedroom and bath layouts.
Where is this duplex located?
The property is located at 6618-20 CANAL Boulevard New Orleans, LA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Double with 2 independent living units built in 1992; Main unit: 4 bedrooms, 2.5 baths, open living space, plus an additional den; Second unit: 3 bedrooms, 1.5 baths, with inside laundry
