Uptown Duplex with Central
For Sale
$299,000
5209 11 Tchoupitoulas St, New Orleans, LA 70115
Two residential units each include one bedroom, one bathroom, and central air and heat.
Property Size1,366 SF
Price / SF$218.89
Days on Market56
Property Features for 5209 11 Tchoupitoulas St
General Information
Standard status
Active
Size
1,366 SF
Property subtype
Multi-Family
Zoning
HU-MU
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1956
Listing Agency:
Power Realty, LLC
Listed By:
Jodi Power · License #995691963
(504) 261-5247
Source:
Fiorellaavenue
Added: Aug 25
Changed: Oct 17
Last Checked: Oct 7 at 1:40PM
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
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Investment Insights
Based on property information with market context.
This 1956 duplex includes two residential units, with one bedroom and one bathroom on each side. Central air and heat serve the property, while tenants occupy the units on month-to-month arrangements. Parking is limited to the street.
The property is located in Uptown New Orleans and is zoned HU-MU, Historic Urban Neighborhood Mixed-Use District. The sale is subject to court approval through the succession process. Buyers should verify zoning, permitted uses, and other property details during due diligence.
The property is located in Uptown New Orleans and is zoned HU-MU, Historic Urban Neighborhood Mixed-Use District. The sale is subject to court approval through the succession process. Buyers should verify zoning, permitted uses, and other property details during due diligence.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom on each side
- Central air and heat
- Month‑to‑month tenant arrangements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,741
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,820
$234.8K
Cap Rate 7%
$167,729
$167.7K
Cap Rate 9%
$130,456
$130.5K
Market Conditions
NOI Build-Up for 1,366 SF
Gross rent
$18.4K $13.44/SF
− Vacancy
−$1.6K −$1.16/SF
EGI
$16.8K $12.28/SF
− OpEx
−$5.0K −$3.68/SF
NOI
$11.7K $8.60/SF
Area
ZIP 70115
Vacancy
8.64%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,820
Cap Rate 7%
$167,729
Cap Rate 9%
$130,456
Alternative Uses
Best Use
Multifamily LT 5
$167.7K
$146.8K – $195.7K
NOI $11,741 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$148.7K
$130.1K – $173.5K
NOI $10,408 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$360.4K
$315.3K – $420.5K
NOI $25,227 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,386
Businesses Nearby
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Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units each include one bedroom, one bathroom, and central air and heat.
Where is this duplex located?
The property is located at 5209 11 Tchoupitoulas St New Orleans, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bathroom on each side; Central air and heat; Month‑to‑month tenant arrangements
