Duplex with Ground-Floor
New
For Sale
$550,000
5518 CANAL Boulevard, New Orleans, LA 70124
Multi-Family, Arts and Crafts, New Orleans, LA
Property Size3,211 SF
Lot Size0.11 Acres
Price / SF$171.29
Days on Market1
Property Features for 5518 CANAL Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Carport
Exterior features
Courtyard, Fence
Fencing
Fenced
Lot features
Corner
Subdivision
Navarre
Standard status
Active
APN
206303004
Size
3,211 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
SQ A LOTS 10 11 CANAL BLVD & AYMORD CT 20 X 120 EACH 5518-20 CANAL BL
Legal Description
SQ A LOTS 10 11 CANAL BLVD & AYMORD CT 20 X 120 EACH 5518-20 CANAL BL
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1925
Floors in Building
3
Number of units
2
Architectural style
Other
Listing Agency:
Witry Collective, L.L.C.
(504) 291-2022
Listed By:
Katie Witry
(504) 919-8585
Added: Oct 18
Last Checked: Oct 18 at 2:06PM
MLS# 2582147
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1925 Craftsman-style duplex pairs a 2,301-square-foot main residence with an 837-square-foot, one-bedroom, one-bath apartment on the ground floor. The main home has three independent bedrooms, two full baths, two half baths, and a grand room; an enclosed porch connects to an office or fourth bedroom. Original windows and wood floors remain, and the property includes central heating and air conditioning.
Set on a 0.1102-acre corner lot on Canal Boulevard in New Orleans’ Navarre neighborhood, the property has a covered carport with space for more than two vehicles, additional storage, and a half bath. An open patio and fenced exterior are also present. City Park, Downtown, the Canal Streetcar Line, Bayou St. John, I-10, and I-610 are identified as accessible destinations; PJ’s Coffee, Navarre Cafe, and Delgado are within walking distance.
Set on a 0.1102-acre corner lot on Canal Boulevard in New Orleans’ Navarre neighborhood, the property has a covered carport with space for more than two vehicles, additional storage, and a half bath. An open patio and fenced exterior are also present. City Park, Downtown, the Canal Streetcar Line, Bayou St. John, I-10, and I-610 are identified as accessible destinations; PJ’s Coffee, Navarre Cafe, and Delgado are within walking distance.
Key Highlights
- Two dwellings: 2,301‑square‑foot main house and 837‑square‑foot apartment
- Ground‑floor rental apartment has one bedroom and one bath
- Main residence offers 3 bedrooms, 2 full baths, and 2 half baths, plus an office or fourth bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,659
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,180
$813.2K
Cap Rate 7%
$580,843
$580.8K
Cap Rate 9%
$451,767
$451.8K
Market Conditions
NOI Build-Up for 3,211 SF
Gross rent
$63.6K $19.80/SF
− Vacancy
−$5.5K −$1.71/SF
EGI
$58.1K $18.09/SF
− OpEx
−$17.4K −$5.43/SF
NOI
$40.7K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,180
Cap Rate 7%
$580,843
Cap Rate 9%
$451,767
Alternative Uses
Best Use
Multifamily LT 5
$580.8K
$508.2K – $677.7K
NOI $40,659 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$533.9K
$467.2K – $622.9K
NOI $37,372 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$816.1K
$714.1K – $952.2K
NOI $57,129 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 70124, LA
22,777
Population
8,919
Households
2.6
Avg Household Size
37
Median Age
70%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,400
Density / Sq Mi
$121,318
Median Household Income
$66,323
Median Earnings
$1,752
Median Rent
$577,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A separate one-bedroom rental complements the larger Craftsman-style residence, with covered carport parking for more than two vehicles.
Where is this duplex located?
The property is located at 5518 CANAL Boulevard New Orleans, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two dwellings: 2,301‑square‑foot main house and 837‑square‑foot apartment; Ground‑floor rental apartment has one bedroom and one bath; Main residence offers 3 bedrooms, 2 full baths, and 2 half baths, plus an office or fourth bedroom
