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    5640 CATINA Street New Orleans, LA 70124

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    Claim this Listing
    New
    For Sale
    $499,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    4,610 SF
    Price / SF:
    $108/SF
    Added:
    May 2, 2026
    Days on Market:
    1
    Last Refresh:
    May 2 at 4:06 pm

    Property Features for 5640 CATINA Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    206301824
    Size
    4,610 SF

    Taxes and HOA fees

    Tax Description
    1. SQ 428 LOTS 44 45 CATINA 2. 25X120 EACH 3. 5640-42 CATINA ST

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1957
    Floors in Building
    2
    Number of units
    2
    Roof type
    Shingle

    We can help!

    Listing Contact
    Lara Schultz
    Lara Schultz

    Listing agent Lara Schultz License #000075293

    Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA

    Listing date May 2, 2026

    MLS# 2555372 Listing URL

    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.

    Overview

    Spacious New Orleans Multi-Family Property

    This 10-bedroom, 6-bathroom duplex is located in the Navarre neighborhood. Currently generating $4,000 per month in rental income, the property offers further upside potential through cosmetic refreshes or market-rate adjustments. Each side of the duplex includes multiple independent bedrooms, full kitchens, living areas, dedicated bathrooms, and laundry rooms equipped with washer/dryers. Features include off-street driveway parking, a new fence, and a 2026 roof. Located in Flood Zone X, the property benefits from lower insurance costs. The neighborhood provides convenient access to top-rated schools, parks, City Park, the lakefront, dining, shopping, and downtown New Orleans. This property is positioned in a stable, appreciating area with strong rental demand. It is suitable for investors seeking cash flow or homeowners desiring multi-generational living. The property's size, location, parking, flood zone benefits, recent upgrades, and income potential contribute to its appeal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Oxford House Canal Housing Cooperative

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.114795
    Latitude
    29.993262

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    FAQs

    What type of property is this?
    Duplex - 10-bedroom, 6-bathroom duplex in the desirable Navarre neighborhood.
    Where is this duplex located?
    The property is located at 5640 CATINA Street New Orleans, LA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Strong cash flow: Currently generating $4,000/month in rental income with potential for increased rents.; Desirable Navarre neighborhood: Close to top‑rated schools, parks, City Park, the lakefront, dining, shopping, and downtown.; Spacious living: 10 bedrooms and 6 bathrooms, with multiple independent bedrooms, full kitchens, living areas, bathrooms, and laundry rooms on each side.
    (504) 300-0700
    We can help!
    Listing Contact
    Lara Schultz
    Lara Schultz
    Real Estate License ID: 000075293
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    5640 CATINA Street, New Orleans, LA 70124

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