New Orleans Duplex For
527 S GALVEZ Street New Orleans, LA 70119
For Sale
$290,000
MULTI_FAMILY - New Orleans, LA
Property Size1,644 SF
Lot Size0.09 Acres
Price / SF$176.40
Days on Market71
Property Features for 527 S GALVEZ Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Security features
Security
Exterior features
Fence, Security Cameras
Fencing
Fenced
Standard status
Active
APN
104105020
Size
1,644 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
SQ 528 LOT 28 GALVEZ 30' X 132' 4" 527 S GALVEZ ST APT A
Utilities
Heating system
Ductless (Heating), Other (Heating)
Cooling system
Window Unit(s), Wall Unit(s), Ductless
Water source
Public
Building Details
Year built
1900
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Homesmart Realty South
(504) 908-7653
Listed By:
Kevin Oakes · License #995711946
(504) 908-5037
Added: May 20
Changed: Jul 11
Last Checked: Jul 29 at 3:06PM
MLS# 2559145
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.
This centrally located mid-city duplex is situated minutes away from LSU Health, LCMC Health, VA hospital, downtown, and City Park. The property presents an opportunity for either an owner occupant looking to live in one unit and rent the other, or for an investor. One unit features 3 bedrooms and 2 bathrooms, 12-foot ceilings, granite countertops, and wood floors, with natural light. The second unit includes 1 bedroom and 1 bathroom with tile floors. Both units are equipped with washer and dryer hookups. The property provides off-street parking, is fenced in, and includes a small courtyard area. The lot size is 0.0911 acres and the property size is 1644 square feet. It is located in New Orleans, LA 70119.
Key Highlights
- Mid‑city duplex with 2 units: one 3 bed/2 bath and one 1 bed/1 bath
- 3‑bedroom unit features 12‑ft ceilings, granite countertops, and wood floors
- Both units have washer and dryer hookups
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 | $32.6k | $19.80 |
| − Vacancy | −$2.8k | −$1.71 |
| EGI | $29.7k | $18.09 |
| − OpEx | −$8.9k | −$5.43 |
| NOI | $20.8k | $12.66 |
1,644 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$297.4K
$260.2K – $347.0K
NOI $20,817 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$273.3K
$239.2K – $318.9K
NOI $19,134 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$430.2K
$376.4K – $501.9K
NOI $30,113 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Centrally located duplex with great rent potential in high demand area.
Where is this duplex located?
The property is located at 527 S GALVEZ Street New Orleans, LA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Mid‑city duplex with 2 units: one 3 bed/2 bath and one 1 bed/1 bath; 3‑bedroom unit features 12‑ft ceilings, granite countertops, and wood floors; Both units have washer and dryer hookups
