Property summary
This exceptional 9,421 square foot commercial property, situated on a 0.22-acre lot at 3016-18 Jean Lafitte Parkway in Chalmette, Louisiana, presents a compelling investment opportunity. Currently configured as a seven-unit complex, the property comprises three spacious lower residential units, each approximately 1,000 square feet, and four upper units, each around 750 square feet. This versatile layout offers significant potential for increased rental income through renovations and/or repurposing. The property's current residential use allows for immediate cash flow, while its zoning (C-2) and location open doors to a variety of commercial ventures. The prime location in west Chalmette, on Jean Lafitte Parkway, provides convenient access to the city's amenities, including restaurants, shopping centers, parks, and the historic Chalmette Battlefield. The property also benefits from its location within a highly-rated school district. Ample parking is available with 14 designated spots. Importantly, the property is located in Flood Zone X, mitigating flood risk. This property is priced to sell at $480,000 and represents a rare chance to acquire a multi-unit property with substantial upside potential in a desirable location. Bring all offers!
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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