Duplex with Rear Off-Street
5261-62 Tchoupitoulas Street New Orleans, LA 70115
5261-62 Tchoupitoulas Street, New Orleans, LA, 70115
$299,000
For Sale
$299,000
Duplex for sale with off-street parking in the rear and two two-bedroom, one-bath units currently rented month-to-month.
Property Size1,314 SF
Price / SF$227.55
Days on Market48
Property Features for 5261-62 Tchoupitoulas Street
General Information
- Standard status
- Active
- Size
- 1,314 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 5 Updated: Jul 21 at 4:57AM Checked: Jul 22 at 9:36AM
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 duplex includes two separate sides, each with two bedrooms and one bathroom. The property is currently occupied by long-term month-to-month tenants. The house needs major work and/or renovations and updates.
The offering is subject to succession approval. The listing notes that 5209-11 Tchoupitoulas Street is also owned by the same owners and is for sale in MLS.
The property is described as being zoned HU-MU, a historic urban neighborhood mixed-use district. Purchasers are advised to verify zoning and intended use during the due diligence period.
The offering is subject to succession approval. The listing notes that 5209-11 Tchoupitoulas Street is also owned by the same owners and is for sale in MLS.
The property is described as being zoned HU-MU, a historic urban neighborhood mixed-use district. Purchasers are advised to verify zoning and intended use during the due diligence period.
Key Highlights
- Duplex (1‑story) built in 1956 with frame construction and asphalt roof
- 2 units total, each with 2 bedrooms and 1 full bath
- Each unit is currently rented month‑to‑month to long‑term tenants
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 | $17.7k | $13.44 |
| − Vacancy | −$1.5k | −$1.16 |
| EGI | $16.1k | $12.28 |
| − OpEx | −$4.8k | −$3.68 |
| NOI | $11.3k | $8.60 |
1,314 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$161.3K
$141.2K – $188.2K
NOI $11,294 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$143.0K
$125.2K – $166.9K
NOI $10,012 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$346.7K
$303.3K – $404.5K
NOI $24,267 @ 7.0% cap · market cap 8.12%
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 - Duplex for sale with off-street parking in the rear and two two-bedroom, one-bath units currently rented month-to-month.
Where is this duplex located?
The property is located at 5261-62 Tchoupitoulas Street 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: Duplex (1‑story) built in 1956 with frame construction and asphalt roof; 2 units total, each with 2 bedrooms and 1 full bath; Each unit is currently rented month‑to‑month to long‑term tenants
