Two-Unit Duplex with
For Sale
$679,000
5416 Lasalle Street, New Orleans, LA 70115
Flexible two-level layout with separate kitchens, laundry areas, hardwood floors, and outdoor spaces.
Property Size2,475 SF
Days on Market23
Property Features for 5416 Lasalle Street
General Information
Standard status
Active
Size
2,475 SF
Property subtype
Multi Family Home
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
off-street parking
covered carport
workshop/storage shed
front porch
back porch
private brick courtyard
laundry
Building Details
Building Size
2,475 SF
Year Built
1940
Stories
2
Listing Agency:
Talbot Realty Group
(504) 481-7632
Listed By:
Dawn Talbot
(504) 481-7632
Source:
Nolalivingrealty
Added: Aug 1
Changed: Aug 19
Last Checked: Aug 23 at 12:04PM
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 Talbot Realty Group
Investment Insights
Based on property information with market context.
Built in 1940, this Uptown duplex is arranged as two self-contained residences. The upper unit includes one bedroom and one bathroom, while the first-floor unit provides two bedrooms and one bathroom. Each level has its own full kitchen and laundry area, supporting separate occupancy or combined household use.
Hardwood flooring extends through both units, and the property includes covered carport parking, additional off-street parking, and an attached workshop with storage space. Front and rear porches complement a private brick courtyard. The property is located at 5416 Lasalle Street in New Orleans, near restaurants, coffee shops, shopping, parks, and Uptown schools. The roof is identified as new as of June 2026.
Hardwood flooring extends through both units, and the property includes covered carport parking, additional off-street parking, and an attached workshop with storage space. Front and rear porches complement a private brick courtyard. The property is located at 5416 Lasalle Street in New Orleans, near restaurants, coffee shops, shopping, parks, and Uptown schools. The roof is identified as new as of June 2026.
Key Highlights
- Two‑unit duplex at 5416 Lasalle Street, New Orleans, LA 70115
- Upper unit has 1 bedroom and 1 bathroom; first‑floor unit has 2 bedrooms and 1 bathroom
- Full kitchen and laundry area in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,273
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,460
$425.5K
Cap Rate 7%
$303,900
$303.9K
Cap Rate 9%
$236,367
$236.4K
Market Conditions
NOI Build-Up for 2,475 SF
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.
Gross rent
$33.3K $13.44/SF
− Vacancy
−$2.9K −$1.16/SF
EGI
$30.4K $12.28/SF
− OpEx
−$9.1K −$3.68/SF
NOI
$21.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,460
Cap Rate 7%
$303,900
Cap Rate 9%
$236,367
Alternative Uses
Best Use
Multifamily LT 5
$303.9K
$265.9K – $354.6K
NOI $21,273 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$269.4K
$235.7K – $314.3K
NOI $18,858 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$653.0K
$571.4K – $761.8K
NOI $45,708 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,656
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Flexible two-level layout with separate kitchens, laundry areas, hardwood floors, and outdoor spaces.
Where is this duplex located?
The property is located at 5416 Lasalle Street New Orleans, LA.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Two‑unit duplex at 5416 Lasalle Street, New Orleans, LA 70115; Upper unit has 1 bedroom and 1 bathroom; first‑floor unit has 2 bedrooms and 1 bathroom; Full kitchen and laundry area in each unit
