Two-Unit Duplex with Separate
For Sale
$160,000
5315 WARRINGTON Drive, New Orleans, LA 70122
Multifamily, New Orleans, LA
Property Size1,444 SF
Price / SF$110.80
Days on Market59
Property Features for 5315 WARRINGTON Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Parking features
Driveway, Off Street
Standard status
Active
APN
5315warrington
Size
1,444 SF
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Description
Fillmore Gardens Sq 5 Lot 19
Legal Description
Fillmore Gardens Sq 5 Lot 19
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1960
Number of units
2
Building materials
Stucco
Architectural style
Other
Buildings
1
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Frank R Williams · License #000001700
(985) 326-1858
Added: Aug 26
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2574613
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,444-square-foot stucco duplex, built in 1960, contains two units: an occupied one-bedroom, one-bathroom residence and a vacant two-bedroom, one-bathroom residence. Both units have central HVAC; central air conditioning in the vacant unit is not functioning, and window units are present. The building has separate electric meters and one shared water meter.
Driveway and off-street parking are available, with access to the rear yard. The property is served by public water and sewer.
Driveway and off-street parking are available, with access to the rear yard. The property is served by public water and sewer.
Key Highlights
- Two units: one‑bedroom, one‑bathroom occupied unit and vacant two‑bedroom, one‑bathroom unit
- 1,444 square feet; built in 1960
- Separate electric meters and one shared water meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,995
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,900
$259.9K
Cap Rate 7%
$185,643
$185.6K
Cap Rate 9%
$144,389
$144.4K
Market Conditions
NOI Build-Up for 1,444 SF
Gross rent
$26.0K $18.00/SF
− Vacancy
−$2.4K −$1.64/SF
EGI
$23.6K $16.36/SF
− OpEx
−$10.6K −$7.36/SF
NOI
$13.0K $9.00/SF
Area
ZIP 70122
Vacancy
9.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,900
Cap Rate 7%
$185,643
Cap Rate 9%
$144,389
Alternative Uses
Best Use
Multifamily LT 5
$213.7K
$187.0K – $249.3K
NOI $14,960 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$185.6K
$162.4K – $216.6K
NOI $12,995 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$377.8K
$330.6K – $440.8K
NOI $26,449 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
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Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property has distinct electric meters and driveway parking with access to the rear yard.
Where is this duplex located?
The property is located at 5315 WARRINGTON Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Two units: one‑bedroom, one‑bathroom occupied unit and vacant two‑bedroom, one‑bathroom unit; 1,444 square feet; built in 1960; Separate electric meters and one shared water meter
