Renovated Duplex with Office
5515-5513 Tchoupitoulas St New Orleans, LA 70130
5515-5513 Tchoupitoulas St, New Orleans, LA, 70130
$520,000
For Sale
$520,000
Renovated duplex featuring furnished units, high ceilings, and separate laundry facilities, with office space on one side.
Property Size2,501 SF
Price / SF$207.92
Days on Market161
Property Features for 5515-5513 Tchoupitoulas St
General Information
- Standard status
- Active
- Size
- 2,501 SF
Listing Agency
KELLER WILLIAMS REALTY 455-0100
(504) 473-8320
Listed by
Lynn Morgan · License #000021015
(504) 473-8320
Source
Exprealty
Added: Feb 6 Checked: Jul 16 at 9:41 pm
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 KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
This renovated duplex offers an owner-occupant friendly setup, with office space on one side of the double. The property was renovated in 2006, and the units are sold furnished. Interior features include eleven-foot ceilings, oak flooring, ceiling fans, and stainless steel kitchen appliances. Each unit also has a separate laundry facility located in outside sheds. The 5513 unit includes a dedicated staircase to the second floor, where the second-floor area is 826 sq. ft. There is also a bonus room under air/heat, included within the stated living space.
The property is located directly across from an Aldi market and Riverside Market shops and restaurants. It provides easy access to Uptown, Audubon Park, Garden District, and downtown, with walkability to Magazine Street shops and restaurants.
One side of the double is currently rented through the end of December 2026, which may suit buyers seeking an income component while retaining the opportunity to occupy the other side as an office and/or residence. The combination of furnished availability, high-ceiling finishes, and unit-level laundry supports a tenant-ready presentation for office and residential use.
The property is located directly across from an Aldi market and Riverside Market shops and restaurants. It provides easy access to Uptown, Audubon Park, Garden District, and downtown, with walkability to Magazine Street shops and restaurants.
One side of the double is currently rented through the end of December 2026, which may suit buyers seeking an income component while retaining the opportunity to occupy the other side as an office and/or residence. The combination of furnished availability, high-ceiling finishes, and unit-level laundry supports a tenant-ready presentation for office and residential use.
Key Highlights
- Renovated duplex by previous owner in 2006, with furnished units
- One side of double is currently rented through end of December 2026
- 5513 unit includes a dedicated staircase to the second floor and 826 sq. ft.
Local Financial Insights For Office B
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 | $57.0k | $22.80 |
| − Vacancy | −$7.9k | −$3.15 |
| EGI | $49.2k | $19.65 |
| − OpEx | −$12.3k | −$4.91 |
| NOI | $36.9k | $14.74 |
2,501 SF · lease $22.80/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$526.6K
$460.8K – $614.4K
NOI $36,865 @ 7.0% cap · market cap 7.09%
Second Best
Multifamily LT 5
$452.4K
$395.9K – $527.8K
NOI $31,669 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$635.7K
$556.2K – $741.6K
NOI $44,497 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated duplex featuring furnished units, high ceilings, and separate laundry facilities, with office space on one side.
Where is this duplex located?
The property is located at 5515-5513 Tchoupitoulas St New Orleans, LA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Renovated duplex by previous owner in 2006, with furnished units; One side of double is currently rented through end of December 2026; 5513 unit includes a dedicated staircase to the second floor and 826 sq. ft.
