517-519 LEBOEUF Street New Orleans, LA 70114
MULTI_FAMILY - New Orleans, LA
Property Features for 517-519 LEBOEUF Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 519-LEBOEUFST
- Size
- 1,810 SF
Taxes and HOA fees
- Tax Description
- As per title
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Chantell Clair License #995691717 (504) 908-5037
Listing office Homesmart Realty South 3131 N I-10 Service Rd, #101, New Orleans, LA (504) 908-7653
Listing date Jul 13, 2026
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located in the Old Algiers neighborhood, with access to major routes and everyday conveniences. It is described as being just minutes from the Crescent City Connection and within reach of downtown New Orleans, Algiers Point, shopping, restaurants, parks, and public transportation.
With recent renovations, the building is presented as move-in ready, providing flexibility for an owner-occupant to live in one unit and rent the other, or for an investor seeking a turnkey rental duplex.
Key Highlights
- Renovated duplex at 517‑519 LeBoeuf Street (Old Algiers) with rental income potential
- Unit mix: one 2‑bed/1‑bath and one 2‑bed/2‑bath, both with spacious living areas
- Updated kitchens and modern finishes throughout both units
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 | $35.8k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.7k | $18.09 |
| − OpEx | −$9.8k | −$5.43 |
| NOI | $22.9k | $12.66 |
