Furnished Renovated
For Sale
$495,000
5513 TCHOUPITOULAS Street, New Orleans, LA 70115
Commercial, New Orleans, LA
Property Size2,501 SF
Price / SF$197.92
Days on Market227
Property Features for 5513 TCHOUPITOULAS Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HU MU
Lot features
Regular
Subdivision
West Riverside
Standard status
Active
APN
614105103
Size
2,501 SF
Taxes and HOA fees
Tax Description
SQ 130 Lot B Tchoupitoulas Street
Legal Description
SQ 130 Lot B Tchoupitoulas Street
Utilities
Water source
Public
Amenities
eleven foot ceilings
oak flooring
ceiling fans
stainless steel kitchen appliances
separate laundry facility
Building Details
Year built
1914
Floors in Building
2
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Lynn Morgan · License #21015
(504) 473-8320
Added: Jan 30
Changed: Sep 4
Last Checked: Sep 14 at 6:06PM
MLS# 2540783
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.
This furnished duplex was renovated in 2006 and includes 2,501 square feet of living space. Interior details include 11-foot ceilings, oak flooring, ceiling fans, and stainless kitchen appliances. Each unit has a separate laundry facility in an exterior shed, while the 5513 unit includes a dedicated staircase to the second floor and an 826-square-foot bonus room under air and heat. Public water serves the property, which was built in 1914 and is zoned HU MU.
One side is leased through the end of December 2026. The property is positioned across from Aldi and Riverside Market shops and restaurants, with access to Uptown, Audubon Park, the Garden District, and downtown. Magazine Street shops and restaurants are within walking distance. Units are offered furnished, and one side includes an office location.
One side is leased through the end of December 2026. The property is positioned across from Aldi and Riverside Market shops and restaurants, with access to Uptown, Audubon Park, the Garden District, and downtown. Magazine Street shops and restaurants are within walking distance. Units are offered furnished, and one side includes an office location.
Key Highlights
- Duplex includes 2,501 square feet and was renovated in 2006
- 5513 unit features a dedicated staircase and an 826‑square‑foot bonus room under air and heat
- One side leased through the end of December 2026
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
$21,496
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
4.34%
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%
$429,920
$429.9K
Cap Rate 7%
$307,086
$307.1K
Cap Rate 9%
$238,844
$238.8K
Market Conditions
NOI Build-Up for 2,501 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
$33.6K $13.44/SF
− Vacancy
−$2.9K −$1.16/SF
EGI
$30.7K $12.28/SF
− OpEx
−$9.2K −$3.68/SF
NOI
$21.5K $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%
$429,920
Cap Rate 7%
$307,086
Cap Rate 9%
$238,844
Alternative Uses
Best Use
Multifamily LT 5
$307.1K
$268.7K – $358.3K
NOI $21,496 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$272.2K
$238.2K – $317.6K
NOI $19,056 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$659.8K
$577.4K – $769.8K
NOI $46,188 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,576
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Furnished duplex with oak flooring, stainless kitchen appliances, and separate laundry facilities serving each side.
Where is this duplex located?
The property is located at 5513 TCHOUPITOULAS Street New Orleans, LA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Duplex includes 2,501 square feet and was renovated in 2006; 5513 unit features a dedicated staircase and an 826‑square‑foot bonus room under air and heat; One side leased through the end of December 2026
