Raised Duplex with Rear
5930 Louisville Street New Orleans, LA 70124
5930 Louisville Street, New Orleans, LA, 70124
$359,000
Pending
For Sale
$359,000
Pending
Raised duplex with two 2-bedroom, 2-bath units, new roof post–Hurricane Ida, and rear alley access with covered off-street parking.
Property Size2,303 SF
Days on Market510
Property Features for 5930 Louisville Street
General Information
- Standard status
- Pending
- Size
- 2,303 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1930
Listing agency
XLV Realty LLC
(504) 313-4858
Listed by
Kevin Stevens · License #995697954
(504) 313-4858
Source
Compass
Added: Feb 27, 2025 Updated: Jul 22 at 3:38AM Checked: Jul 22 at 3:38AM
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 XLV Realty LLC
Investment Insights
Based on property information with market context.
This raised double home includes two separate units, with each unit offering 2 bedrooms and 2 bathrooms. The living and kitchen areas feature tall ceilings, and a new roof was installed after Hurricane Ida. The property is currently tenant-occupied. Rear access is provided via an alley, along with covered off-street parking and a wooden deck rear porch.
The property is situated in Lakeview and is described as being just minutes from West End and Harrison Avenue, where there are restaurants and shopping, with easy access to New Orleans City Park. Showings are available only for Unit 5930 (left side); the right side is occupied and would require scheduling by calling the agent.
The property is situated in Lakeview and is described as being just minutes from West End and Harrison Avenue, where there are restaurants and shopping, with easy access to New Orleans City Park. Showings are available only for Unit 5930 (left side); the right side is occupied and would require scheduling by calling the agent.
Key Highlights
- Raised duplex in Lakeview with 2 units, each with 2 bedrooms and 2 full bathrooms
- Tenant‑occupied with showings available only for Unit 5930 (left side)
- Central air and central heating
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 | $45.6k | $19.80 |
| − Vacancy | −$3.9k | −$1.71 |
| EGI | $41.7k | $18.09 |
| − OpEx | −$12.5k | −$5.43 |
| NOI | $29.2k | $12.66 |
2,303 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$416.6K
$364.5K – $486.0K
NOI $29,162 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$382.9K
$335.1K – $446.7K
NOI $26,804 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$585.3K
$512.2K – $682.9K
NOI $40,974 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Raised duplex with two 2-bedroom, 2-bath units, new roof post–Hurricane Ida, and rear alley access with covered off-street parking.
Where is this duplex located?
The property is located at 5930 Louisville Street New Orleans, LA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Raised duplex in Lakeview with 2 units, each with 2 bedrooms and 2 full bathrooms; Tenant‑occupied with showings available only for Unit 5930 (left side); Central air and central heating
