Duplex with Solar and Battery
For Sale
$325,000
5361 PASTEUR Boulevard, New Orleans, LA 70122
Multi-Family, Ranch, New Orleans, LA
Property Size1,469 SF
Lot Size0.21 Acres
Price / SF$221.24
Days on Market28
Property Features for 5361 PASTEUR Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Lot features
Regular
Subdivision
Gentilly
Standard status
Active
APN
37W511532
Size
1,469 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
PONTCHARTRAIN SUB DIV SQ 15 LOTS 18 19 20 PASTEUR 75X120
Legal Description
PONTCHARTRAIN SUB DIV SQ 15 LOTS 18 19 20 PASTEUR 75X120
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
solar panels
Tesla Powerwalls
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Homesmart Realty South · HomeSmart International
(504) 908-7653
Listed By:
Jeanne Coco
(504) 858-7748
Added: Sep 22
Changed: Oct 18
Last Checked: Oct 19 at 1:06PM
MLS# 2582171
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,469-square-foot property includes a three-bedroom main home and a separate 700-square-foot accessory dwelling unit. Built in 1960, the residence has central heating and air conditioning, a shingle roof, public water service, and driveway parking.
A 25-panel solar array and two Tesla Powerwalls serve the home and accessory unit. The property also participates in the Energy Smart Rebate program.
A 25-panel solar array and two Tesla Powerwalls serve the home and accessory unit. The property also participates in the Energy Smart Rebate program.
Key Highlights
- Three‑bedroom main home with a separate 700‑square‑foot accessory dwelling unit
- 25 solar panels and 2 Tesla Powerwalls serve both living spaces
- 1,469‑square‑foot property on a 0.2066‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,219
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,380
$304.4K
Cap Rate 7%
$217,414
$217.4K
Cap Rate 9%
$169,100
$169.1K
Market Conditions
NOI Build-Up for 1,469 SF
Gross rent
$23.8K $16.20/SF
− Vacancy
−$2.1K −$1.40/SF
EGI
$21.7K $14.80/SF
− OpEx
−$6.5K −$4.44/SF
NOI
$15.2K $10.36/SF
Area
ZIP 70122
Vacancy
8.64%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,380
Cap Rate 7%
$217,414
Cap Rate 9%
$169,100
Alternative Uses
Best Use
Multifamily LT 5
$217.4K
$190.2K – $253.7K
NOI $15,219 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$188.9K
$165.3K – $220.3K
NOI $13,220 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$384.4K
$336.3K – $448.5K
NOI $26,907 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A three-bedroom primary residence and separate accessory dwelling unit offer two distinct living spaces.
Where is this duplex located?
The property is located at 5361 PASTEUR Boulevard New Orleans, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three‑bedroom main home with a separate 700‑square‑foot accessory dwelling unit; 25 solar panels and 2 Tesla Powerwalls serve both living spaces; 1,469‑square‑foot property on a 0.2066‑acre lot
