Two-Unit Duplex with Bonus
For Sale
$495,000
5513 TCHOUPITOULAS Street, New Orleans, LA 70115
Multifamily, New Orleans, LA
Property Size2,501 SF
Price / SF$197.92
Days on Market266
Property Features for 5513 TCHOUPITOULAS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Patio and Porch features
Porch
Directions
Between Jefferson Avenue and Nashville
Standard status
Active
APN
614105103
Size
2,501 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
SQ 130 Lot B
Legal Description
SQ 130 Lot B
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
separate laundry facility for each unit
Building Details
Year built
1914
Number of units
2
Building materials
Metal Siding, Wood Siding, Masonite
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Lynn S Morgan · License #000021015
(504) 473-8320
Added: Jan 30
Changed: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# 2540777
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.
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Investment Insights
Based on property information with market context.
This New Orleans duplex contains 2,501 square feet and was built in 1914. Both units are sold furnished and have separate laundry facilities, 11-foot ceilings, oak flooring, and stainless steel kitchen appliances. Central heating and air conditioning serve the building, and a porch provides outdoor space.
A dedicated staircase from the 5513 unit leads to an 826-square-foot bonus room with heating and air conditioning, included in the living space. That unit is leased through December 2026. The property is across from Aldi and Riverside Market restaurants and shops, with Magazine Street shops and restaurants within walking distance. Uptown, the Garden District, Audubon Park, and downtown are accessible from the property.
The previous owner renovated the property in 2006. Public water and sewer service are available, along with natural gas.
A dedicated staircase from the 5513 unit leads to an 826-square-foot bonus room with heating and air conditioning, included in the living space. That unit is leased through December 2026. The property is across from Aldi and Riverside Market restaurants and shops, with Magazine Street shops and restaurants within walking distance. Uptown, the Garden District, Audubon Park, and downtown are accessible from the property.
The previous owner renovated the property in 2006. Public water and sewer service are available, along with natural gas.
Key Highlights
- 2,501 square feet across two units
- 826 sq ft heated and cooled bonus room connected to the 5513 unit by a dedicated staircase
- The 5513 unit is leased until December 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,496
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
1,576
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Separate laundry facilities and furnished units support rental or owner-occupant use.
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: 2,501 square feet across two units; 826 sq ft heated and cooled bonus room connected to the 5513 unit by a dedicated staircase; The 5513 unit is leased until December 2026
