Multi-Family Cottage with Rear
5509 WEST END Boulevard New Orleans, LA 70124
5509 WEST END Boulevard, New Orleans, LA, 70124
$389,000
For Sale
$389,000
MULTI_FAMILY - New Orleans, LA
Property Size2,352 SF
Price / SF$165.39
Days on Market51
Property Features for 5509 WEST END Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Active
- APN
- 5509WestEnd
- Size
- 2,352 SF
Taxes and HOA fees
- Tax Description
- SQ 429 LOT 26-A
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 1
- Roof type
- Shingle
- Architectural style
- Cottage
Listing agency
Century 21 J. Carter & Company
(504) 810-2825
Listed by
David Claus · License #995703119
(504) 810-2825
Added: Jun 2 Updated: Jun 9 at 2:30PM Checked: Jul 22 at 5:06AM
MLS# 2561075
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.
Investment Insights
Based on property information with market context.
Inviting Lakeview cottage-style property with a main home plus a separate rear apartment, offering flexible living and leasing configurations. The main residence includes 1,524 square feet with three bedrooms and two baths, wood flooring throughout the living areas and bedrooms, and tile in the kitchen and baths. The kitchen is updated and receives plenty of natural light. A separate rear apartment adds additional versatility as a rental, in-law suite, or home office, with each unit having its own washer/dryer. Outside, the backyard includes a deck/patio area for relaxing or entertaining, and off-street parking is available for both units.
Set in the Navarre neighborhood of New Orleans, the property is positioned near City Park and close to Lakeview shops and dining. Access to I-10 is also convenient, supporting easy commutes and everyday errands.
For investors, the layout provides two independent units that can help support income generation, with prior rental history available. For owner-occupants, the configuration allows you to live in the main home while using the rear apartment to offset expenses or adapt it for extended family or a dedicated work-from-home space. Off-street parking and in-unit laundry add practical day-to-day value for either tenant type.
Set in the Navarre neighborhood of New Orleans, the property is positioned near City Park and close to Lakeview shops and dining. Access to I-10 is also convenient, supporting easy commutes and everyday errands.
For investors, the layout provides two independent units that can help support income generation, with prior rental history available. For owner-occupants, the configuration allows you to live in the main home while using the rear apartment to offset expenses or adapt it for extended family or a dedicated work-from-home space. Off-street parking and in-unit laundry add practical day-to-day value for either tenant type.
Key Highlights
- Main home: 1,524 sq ft with 3 bedrooms and 2 baths
- Separate rear apartment with its own washer/dryer (flexible for rental, in‑law suite, or home office)
- Each unit includes washer/dryer plus off‑street parking for both units
Local Financial Insights For Apartment 5plus
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 | $54.8k | $23.28 |
| − Vacancy | −$5.0k | −$2.12 |
| EGI | $49.8k | $21.16 |
| − OpEx | −$22.4k | −$9.52 |
| NOI | $27.4k | $11.64 |
2,352 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$391.1K
$342.2K – $456.3K
NOI $27,375 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$597.8K
$523.1K – $697.4K
NOI $41,846 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Two separate units with in-home laundry, updated interior finishes, and off-street parking create flexible rental or owner-occupant options.
Where is this single family property located?
The property is located at 5509 WEST END Boulevard New Orleans, LA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Main home: 1,524 sq ft with 3 bedrooms and 2 baths; Separate rear apartment with its own washer/dryer (flexible for rental, in‑law suite, or home office); Each unit includes washer/dryer plus off‑street parking for both units
