Well-Maintained Duplex with Two
70-72 Phillip Court East Chalmette, LA 70043
For Sale
$249,000
A duplex with long-term tenants, including a separate front and rear unit setup for flexible owner-occupancy.
Property Size2,000 SF
Price / SF$124.50
Days on Market84
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 Agency:
Continental Realty, LLC
(504) 237-7134
Listed By:
Sie Jabr · License #000076698
(504) 237-7134
Source:
Compass
Added: May 2
Changed: Jul 10
Last Checked: Jul 23 at 10:49AM
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
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate residential units. The front unit is a 2-bedroom, 1-bath layout, while the rear unit features 3 bedrooms and 2 baths. The property is described as having long-term tenants in place, which can support an income-producing structure for an owner who wants to stay involved on-site.
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.
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.
Key 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
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 |
2,000 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$313.5K
$274.4K – $365.8K
NOI $21,948 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$293.1K
$256.5K – $342.0K
NOI $20,518 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$527.7K
$461.7K – $615.6K
NOI $36,936 @ 7.0% cap · market cap 14.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - A duplex with long-term tenants, including a separate front and rear unit setup for flexible owner-occupancy.
Where is this duplex located?
The property is located at 70-72 Phillip Court East Chalmette, LA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 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
