Duplex with Solar
For Sale
$325,000
5361 PASTEUR Boulevard, New Orleans, LA 70122
Multifamily, New Orleans, LA
Property Size1,469 SF
Lot Size0.21 Acres
Price / SF$221.24
Days on Market32
Property Features for 5361 PASTEUR Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Parking
1
Parking features
Driveway
Standard status
Active
APN
37W511532
Size
1,469 SF
Lot size
0.21 Acres
Additional Details
Tenant in Place
Yes
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
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
solar panels
Tesla Powerwalls
Building Details
Year built
1960
Number of units
2
Building materials
Stucco
Architectural style
Ranch
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Jeanne Coco · License #995704021
(504) 858-7748
Added: Sep 22
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2582171
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.
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 duplex property includes a three-bedroom main home and a separate 700-square-foot accessory dwelling unit. The 1960-built ranch has stucco construction, central heating and air conditioning, and driveway parking. The main residence is described as move-in ready, and the accessory unit is currently rented.
A 0.2066-acre parcel supports the two-unit configuration. Both residences use 25 solar panels and 2 Tesla Powerwalls, and the property participates in the Energy Smart Rebate program. The listed rents are $2,400 per month as estimated market rent for the main home and $1,500 per month for the accessory dwelling unit.
A 0.2066-acre parcel supports the two-unit configuration. Both residences use 25 solar panels and 2 Tesla Powerwalls, and the property participates in the Energy Smart Rebate program. The listed rents are $2,400 per month as estimated market rent for the main home and $1,500 per month for the accessory dwelling unit.
Key Highlights
- Three‑bedroom main home plus a separate 700 SF accessory dwelling unit
- Main residence estimated market rent: $2,400/month; accessory unit currently rented at $1,500/month
- 25 solar panels and 2 Tesla Powerwalls serve both residences
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 residence and separate accessory unit offer two distinct spaces for rental income.
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 plus a separate 700 SF accessory dwelling unit; Main residence estimated market rent: $2,400/month; accessory unit currently rented at $1,500/month; 25 solar panels and 2 Tesla Powerwalls serve both residences
