Furnished Two-Unit
For Sale
$495,000
5513 Tchoupitoulas Street #5515, New Orleans, LA 70115
Each residence has separate laundry, while one side is leased through December 2026.
Property Size2,501 SF
Price / SF$197.92
Days on Market267
Property Features for 5513 Tchoupitoulas Street #5515
General Information
Standard status
Active
Size
2,501 SF
Property subtype
Commercial
Zoning
HU MU
Site & Location
Neighborhood
West Riverside
Additional Details
Furnished
Yes
Tenant in Place
Yes
Amenities
11-foot ceilings
oak flooring
ceiling fans
stainless steel kitchen appliances
separate laundry facility
Building Details
Building Size
2,501 SF
Year Built
1914
Year Renovated
2006
Stories
2
Listing Agency:
Cypress Key Realty LLC
Listed By:
Christopher Romero
(504) 250-4848
Source:
Cypresskeyrealty
Added: Jan 30
Changed: Oct 23
Last Checked: Oct 23 at 5:32PM
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 Cypress Key Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This furnished duplex comprises two units and offers an owner-occupant configuration with one side currently leased through the end of December 2026. The 2,501-square-foot property was built in 1914 and renovated by a previous owner in 2006. Interior features include 11-foot ceilings, oak floors, ceiling fans, and stainless steel kitchen appliances. Each unit has a separate laundry facility in an exterior shed. The 5513 unit includes a dedicated staircase to an upper-level bonus room with 826 square feet of heated and cooled space, counted within the stated living area.
The property is across from Aldi and Riverside Market shops and restaurants. Magazine Street shops and restaurants are within walking distance, with access to Uptown, Audubon Park, the Garden District, and downtown. HU MU zoning applies.
The property is across from Aldi and Riverside Market shops and restaurants. Magazine Street shops and restaurants are within walking distance, with access to Uptown, Audubon Park, the Garden District, and downtown. HU MU zoning applies.
Key Highlights
- Two‑unit duplex with 2,501 square feet
- 5513 unit includes an 826‑square‑foot heated and cooled bonus room
- One side leased through the end of 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.
How Realmo checks its estimates
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate laundry, while one side is leased through December 2026.
Where is this duplex located?
The property is located at 5513 Tchoupitoulas Street #5515 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: Two‑unit duplex with 2,501 square feet; 5513 unit includes an 826‑square‑foot heated and cooled bonus room; One side leased through the end of December 2026
