Duplex with Two Independent
6618 Canal Boulevard New Orleans, LA 70124
6618 Canal Boulevard, New Orleans, LA, 70124
$419,000
For Sale
$419,000
Duplex offering two independent residential units, including a four-bedroom main unit with an additional den and a three-bedroom second unit.
Property Size3,219 SF
Price / SF$130.16
Days on Market13
Property Features for 6618 Canal Boulevard
General Information
- Standard status
- Active
- Size
- 3,219 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1992
Listing agency
Century 21 J. Carter & Company
(504) 338-1144
Listed by
David Claus · License #995703119
(504) 338-1144
Source
Compass
Added: Jul 10 Updated: Jul 21 at 8:19AM Checked: Jul 21 at 8:19AM
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 Century 21 J. Carter & Company
Investment Insights
Based on property information with market context.
This duplex contains two spacious, independent living units, each with its own layout. The main unit includes four bedrooms, two and a half baths, a spacious open living area, and an additional den that can function as a home office, guest space, or secondary living area. The second unit features three bedrooms, one and a half baths, and includes inside laundry.
The property is located just off Canal Boulevard in the Lakeview neighborhood, providing convenient access to shops, dining, and amenities along Harrison Avenue.
As a residential income property, the configuration supports separate occupancy across the two units.
The property is located just off Canal Boulevard in the Lakeview neighborhood, providing convenient access to shops, dining, and amenities along Harrison Avenue.
As a residential income property, the configuration supports separate occupancy across the two units.
Key Highlights
- Duplex with 2 independent residential units
- Main unit: 4 bedrooms, 2.5 bathrooms, plus an additional den
- Second unit: 3 bedrooms, 1.5 bathrooms, 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
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex offering two independent residential units, including a four-bedroom main unit with an additional den and a three-bedroom second unit.
Where is this duplex located?
The property is located at 6618 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: Duplex with 2 independent residential units; Main unit: 4 bedrooms, 2.5 bathrooms, plus an additional den; Second unit: 3 bedrooms, 1.5 bathrooms, with inside laundry
