Newer Duplex with Gated
For Sale
$399,000
8509 11 Regiment Dr, Chalmette, LA 70043
Two-unit property with one furnished residence, security cameras, and dedicated off-street parking for each side.
Property Size2,189 SF
Price / SF$182.28
Days on Market79
Property Features for 8509 11 Regiment Dr
General Information
Standard status
Active
Size
2,189 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
security camera
gated yards
Building Details
Year Built
2024
Listing Agency:
Arpent Realty and Property Man
Listed By:
Christian Sullivan · License #995691016
(504) 455-0100
Source:
Fiorellaavenue
Added: Jul 21
Changed: Sep 11
Last Checked: Oct 5 at 9:53PM
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 Arpent Realty and Property Man
Investment Insights
Based on property information with market context.
Built in 2024, this 2,189-square-foot duplex includes two separate residential units. One side is currently leased, while the furnished second unit can accommodate an owner occupant or serve as an additional rental residence. Each unit has access to a gated yard, and the property includes security camera equipment.
Located at 8509 11 Regiment Dr in Chalmette, the property provides two off-street parking spaces for both units. The two-unit configuration offers flexibility for an owner occupant or an investor seeking a residential income property.
Located at 8509 11 Regiment Dr in Chalmette, the property provides two off-street parking spaces for both units. The two-unit configuration offers flexibility for an owner occupant or an investor seeking a residential income property.
Key Highlights
- 2024 construction with 2,189 SF across two residential units
- One unit currently leased; the other side is furnished
- Two off‑street parking spaces for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,022
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,440
$480.4K
Cap Rate 7%
$343,171
$343.2K
Cap Rate 9%
$266,911
$266.9K
Market Conditions
NOI Build-Up for 2,189 SF
Gross rent
$37.6K $17.16/SF
− Vacancy
−$3.2K −$1.48/SF
EGI
$34.3K $15.68/SF
− OpEx
−$10.3K −$4.70/SF
NOI
$24.0K $10.97/SF
Area
St. Bernard County, LA
Vacancy
8.64%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,440
Cap Rate 7%
$343,171
Cap Rate 9%
$266,911
Alternative Uses
Best Use
Multifamily LT 5
$343.2K
$300.3K – $400.4K
NOI $24,022 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$320.8K
$280.7K – $374.3K
NOI $22,457 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$577.5K
$505.3K – $673.8K
NOI $40,426 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Explore this area
Business Placement
Demographics for 70043, LA
21,596
Population
8,782
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
83%
High-School Grad
9.1 sq mi
ZIP Area
2,373
Density / Sq Mi
$57,065
Median Household Income
$37,969
Median Earnings
$1,091
Median Rent
$203,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with one furnished residence, security cameras, and dedicated off-street parking for each side.
Where is this duplex located?
The property is located at 8509 11 Regiment Dr Chalmette, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2024 construction with 2,189 SF across two residential units; One unit currently leased; the other side is furnished; Two off‑street parking spaces for both units
