Mixed-Use Duplex with Bonus
For Sale
$495,000
5513 TCHOUPITOULAS Street, New Orleans, LA 70115
Commercial Sale, New Orleans, LA
Property Size2,501 SF
Price / SF$197.92
Days on Market266
Property Features for 5513 TCHOUPITOULAS Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HU MU
Directions
Tchoupitoulas between Jefferson Ave and Nashville Ave
Standard status
Active
APN
614105103
Size
2,501 SF
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Description
SQ 130 Lot B Tchoupitoulas Street
Legal Description
SQ 130 Lot B Tchoupitoulas Street
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
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
Building materials
Metal Siding, Wood Siding, Masonite
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 5:06PM
MLS# 2540783
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 2,501-square-foot mixed-use duplex was built in 1914 and renovated by a previous owner in 2006. Interior details include 11-foot ceilings, oak floors, ceiling fans and stainless steel kitchen appliances. Each unit has a separate laundry facility in an exterior shed, and the units are being sold furnished. The 5513 unit has its own staircase to the second floor and an 826-square-foot bonus room with heating and air conditioning, included in the stated living area.
One side is rented through the end of December 2026; the other is described as having an office location alongside owner-occupied space. The property is across from Aldi and Riverside Market shops and restaurants, with Magazine Street shops and restaurants within walking distance. Zoning is HU MU.
One side is rented through the end of December 2026; the other is described as having an office location alongside owner-occupied space. The property is across from Aldi and Riverside Market shops and restaurants, with Magazine Street shops and restaurants within walking distance. Zoning is HU MU.
Key Highlights
- 2,501 square feet; built in 1914 and renovated in 2006
- One side is leased through the end of December 2026
- 5513 unit includes an 826‑square‑foot heated and cooled bonus room and dedicated second‑floor staircase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,387
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,740
$607.7K
Cap Rate 7%
$434,100
$434.1K
Cap Rate 9%
$337,633
$337.6K
Market Conditions
NOI Build-Up for 2,501 SF
Gross rent
$54.0K $21.60/SF
− Vacancy
−$5.4K −$2.16/SF
EGI
$48.6K $19.44/SF
− OpEx
−$18.2K −$7.29/SF
NOI
$30.4K $12.15/SF
Area
ZIP 70115
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,740
Cap Rate 7%
$434,100
Cap Rate 9%
$337,633
Alternative Uses
Best Use
Mixed Use
$434.1K
$379.8K – $506.5K
NOI $30,387 @ 7.0% cap · market cap 6.14%
Second Best
Multifamily LT 5
$307.1K
$268.7K – $358.3K
NOI $21,496 @ 7.0% cap · market cap 4.34%
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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Current Use
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - HU MU zoning and nearby retail support a property combining residential space with an office location on one side.
Where is this mixed-use property 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; built in 1914 and renovated in 2006; One side is leased through the end of December 2026; 5513 unit includes an 826‑square‑foot heated and cooled bonus room and dedicated second‑floor staircase
