Lakeview Double Residential
806-08 Navarre Avenue New Orleans, LA 70124
806-08 Navarre Avenue, New Orleans, LA, 70124
$495,000
For Sale
$495,000
Well-maintained double with two spacious units and recent roof and AC updates.
Property Size2,100 SF
Price / SF$235.71
Days on Market234
Property Features for 806-08 Navarre Avenue
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1934
Listing agency
Realty One Group Immobilia
(504) 722-7222
Listed by
Darren Zuppardo · License #000000101
(504) 722-7222
Source
Compass
Added: Dec 1, 2025 Updated: Jul 22 at 11:48PM Checked: Jul 22 at 11:48PM
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 Realty One Group Immobilia
Investment Insights
Based on property information with market context.
This well-maintained double residential income property features two spacious units with a total of 54 bedrooms and 3 baths, with a 3-bed/2-bath configuration on one side and a 2-bed/1-bath configuration on the other. Recent major updates include a new roof installed in 2022 and a new AC unit on the 2-bath side in 2023.
The property is located in the Lakeview neighborhood, just moments from City Park and a local playground, with convenient access to nearby dining, shops, and City Park area cultural attractions.
Bond for Deed financing option is available. The layout supports owner-occupant use on one side and rental of the other unit, or purchase as an investor.
The property is located in the Lakeview neighborhood, just moments from City Park and a local playground, with convenient access to nearby dining, shops, and City Park area cultural attractions.
Bond for Deed financing option is available. The layout supports owner-occupant use on one side and rental of the other unit, or purchase as an investor.
Key Highlights
- New Orleans double with 2 units, offering 5 total bedrooms and 3 full bathrooms
- Unit mix: 3 beds/2 baths on one side and 2 beds/1 bath on the other
- New roof installed in 2022
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 | $41.6k | $19.80 |
| − Vacancy | −$3.6k | −$1.71 |
| EGI | $38.0k | $18.09 |
| − OpEx | −$11.4k | −$5.43 |
| NOI | $26.6k | $12.66 |
2,100 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$379.9K
$332.4K – $443.2K
NOI $26,591 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$349.2K
$305.5K – $407.4K
NOI $24,442 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$533.8K
$467.0K – $622.7K
NOI $37,363 @ 7.0% cap · market cap 7.55%
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 - Well-maintained double with two spacious units and recent roof and AC updates.
Where is this duplex located?
The property is located at 806-08 Navarre Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: New Orleans double with 2 units, offering 5 total bedrooms and 3 full bathrooms; Unit mix: 3 beds/2 baths on one side and 2 beds/1 bath on the other; New roof installed in 2022
