Townhouse-Style
For Sale
$275,000
6660 Harbourview Drive, New Orleans, LA 70126
Brick multifamily property with separate utilities, central HVAC, driveway parking, and one available unit.
Property Size3,168 SF
Price / SF$86.81
Days on Market249
Property Features for 6660 Harbourview Drive
General Information
Standard status
Active
Size
3,168 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Amenities
Central Air
Central
2
3
6
Asphalt
Slab: Traditional
Brick, Wood Siding
Building Details
Year Built
1980
Listing Agency:
Crown Jewel Realty LLC
(504) 460-3424
Listed By:
Jewel Bakewell · License #995695393
(504) 460-3424
Source:
Compass
Added: Dec 24, 2025
Changed: Aug 30
Last Checked: Aug 30 at 7:53AM
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 Crown Jewel Realty LLC
Investment Insights
Based on property information with market context.
Built in 1980, this 3,168-square-foot triplex offers a townhouse-style layout across three residential units. Two units are rented, while the third is vacant, giving the next owner an immediately available unit within an operating multifamily property.
The building features brick and wood siding, central air and heat, washer and dryer hookups, and flooring without carpet. Separate electric and water meters serve the units, and off-street driveway parking is provided. Located at 6660 Harbourview Drive in New Orleans, the property presents a straightforward multifamily configuration with established occupancy and an open unit.
The building features brick and wood siding, central air and heat, washer and dryer hookups, and flooring without carpet. Separate electric and water meters serve the units, and off-street driveway parking is provided. Located at 6660 Harbourview Drive in New Orleans, the property presents a straightforward multifamily configuration with established occupancy and an open unit.
Key Highlights
- Triplex with 3,168 square feet, built in 1980
- Two units rented and one unit vacant
- Townhouse‑style residential layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,949
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$498,980
$499.0K
Cap Rate 7%
$356,414
$356.4K
Cap Rate 9%
$277,211
$277.2K
Market Conditions
NOI Build-Up for 3,168 SF
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.
Gross rent
$49.0K $15.48/SF
− Vacancy
−$3.7K −$1.16/SF
EGI
$45.4K $14.32/SF
− OpEx
−$20.4K −$6.44/SF
NOI
$24.9K $7.88/SF
Area
ZIP 70126
Vacancy
7.50%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$498,980
Cap Rate 7%
$356,414
Cap Rate 9%
$277,211
Alternative Uses
Best Use
Multifamily LT 5
$369.8K
$323.5K – $431.4K
NOI $25,883 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$356.4K
$311.9K – $415.8K
NOI $24,949 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$830.9K
$727.1K – $969.4K
NOI $58,164 @ 7.0% cap · market cap 21.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 70126, LA
30,397
Population
12,686
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
87%
High-School Grad
12.1 sq mi
ZIP Area
2,512
Density / Sq Mi
$38,229
Median Household Income
$29,510
Median Earnings
$1,118
Median Rent
$187,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Brick multifamily property with separate utilities, central HVAC, driveway parking, and one available unit.
Where is this triplex located?
The property is located at 6660 Harbourview Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Triplex with 3,168 square feet, built in 1980; Two units rented and one unit vacant; Townhouse‑style residential layout
