Two-Unit Residential Income
5209-11 Tchoupitoulas Street New Orleans, LA 70115
5209-11 Tchoupitoulas Street, New Orleans, LA, 70115
$349,000
For Sale
$349,000
Double duplex features two one-bedroom, one-bath units with central heating and cooling, month-to-month tenant occupancy.
Property Size1,366 SF
Price / SF$255.49
Days on Market51
Property Features for 5209-11 Tchoupitoulas Street
General Information
- Standard status
- Active
- Size
- 1,366 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1956
Listing agency
Power Realty, LLC
(504) 261-5247
Listed by
Jodi Power · License #995691963
(504) 261-5247
Source
Compass
Added: Jun 2 Updated: Jul 21 at 9:19PM Checked: Jul 22 at 7:42AM
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 Power Realty, LLC
Investment Insights
Based on property information with market context.
This solid duplex includes two separate sides, each with a one-bedroom, one-bath layout. The property is equipped with central air/heat serving each unit, supporting year-round comfort. Tenants are described as long-term, month-to-month occupants.
The duplex is located in an uptown area of New Orleans with street parking only. The property is noted as being zoned HU-MU, a historic urban neighborhood mixed use district.
Please note that the sale is succession subject to court approval, and heirs also own 5261-63 Tchoupitoulas, which is listed separately. Buyers should verify all zoning and permitted uses during due diligence.
The duplex is located in an uptown area of New Orleans with street parking only. The property is noted as being zoned HU-MU, a historic urban neighborhood mixed use district.
Please note that the sale is succession subject to court approval, and heirs also own 5261-63 Tchoupitoulas, which is listed separately. Buyers should verify all zoning and permitted uses during due diligence.
Key Highlights
- Double duplex with two 1‑bedroom, 1‑bath units
- Central air and central heating in both units
- 1‑story frame construction with wood siding and asphalt shingle roof
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 | $18.4k | $13.44 |
| − Vacancy | −$1.6k | −$1.16 |
| EGI | $16.8k | $12.28 |
| − OpEx | −$5.0k | −$3.68 |
| NOI | $11.7k | $8.60 |
1,366 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$167.7K
$146.8K – $195.7K
NOI $11,741 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$148.7K
$130.1K – $173.5K
NOI $10,408 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$360.4K
$315.3K – $420.5K
NOI $25,227 @ 7.0% cap · market cap 7.23%
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 - Double duplex features two one-bedroom, one-bath units with central heating and cooling, month-to-month tenant occupancy.
Where is this duplex located?
The property is located at 5209-11 Tchoupitoulas Street New Orleans, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Double duplex with two 1‑bedroom, 1‑bath units; Central air and central heating in both units; 1‑story frame construction with wood siding and asphalt shingle roof
