70-72 Phillip Court East, Chalmette, LA 70043
A duplex with long-term tenants, including a separate front and rear unit setup for flexible owner-occupancy.
- Added:
- Jun 3, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 6 at 4:29 am
Property Features for 70-72 Phillip Court East
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1987
Listing agent Sie Jabr License #000076698 (504) 237-7134
Listing office Continental Realty, LLC (504) 237-7134
Listing date Jun 3, 2026
Source Compass
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 Continental Realty, LLC
HighLights
- Duplex with long‑term tenants, featuring separate front and rear unit setup
- Front unit: 2 bedrooms, 1 full bathroom
- Rear unit: 3 bedrooms, 2 full bathrooms
- 5 total bedrooms and 3 full bathrooms; 1‑story brick construction on slab foundation
- Central heating and central air; asphalt shingle roof
- Year built 1987; located in Flood Zone X for very low flood insurance
Overview
Located at 70-72 Phillip Court East in Chalmette, Louisiana, the home benefits from Flood Zone X classification, which the listing notes is associated with very low flood insurance. This can be a practical consideration for buyers comparing insurance exposure when evaluating residential income property options.
With a unit mix that can accommodate different tenant needs, the duplex can also work for an owner-occupant scenario. You can live in one side while renting the other, using the existing configuration to support day-to-day cash flow. As presented, the property should be viewed in person to fully appreciate the layouts and condition.
Local Financial Insights For Multifamily LT 5
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 | $34.3k | $17.16 |
| − Vacancy | −$3.0k | −$1.48 |
| EGI | $31.4k | $15.68 |
| − OpEx | −$9.4k | −$4.70 |
| NOI | $21.9k | $10.97 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chalmette
- County
- St. Bernard
- State
- Louisiana
- Longitude
- -89.9706544
- Latitude
- 29.9543868
