Duplex with Private
5528 Pitt Street New Orleans, LA 70115
5528 Pitt Street, New Orleans, LA, 70115
$895,000
For Sale
$895,000
Duplex offering a separate ground-floor apartment, plus a private patio and driveway in New Orleans’ Uptown area.
Property Size3,737 SF
Price / SF$239.50
Days on Market207
Property Features for 5528 Pitt Street
General Information
- Standard status
- Active
- Size
- 3,737 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1922
Listing agency
Compass
(504) 458-3536
Listed by
Ashley Nesser · License #995697531
(504) 458-3536
Source
Compass
Added: Dec 27, 2025 Updated: Jul 22 at 6:45AM Checked: Jul 22 at 6:45AM
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 Compass
Investment Insights
Based on property information with market context.
Duplex at 5528 Pitt Street, New Orleans, LA 70115, presented as a charming, spacious home measuring 3,737 sq. ft. The layout includes a separate ground-floor apartment designed to support rental income, guest use, or multi-generational living. The property has been lovingly maintained by the same family for 47 years, and features a spacious private patio and a driveway.
Located in the heart of Uptown’s Golden Rectangle, the home is described as walkable to St. Charles Avenue and nearby destinations including Tulane, Loyola, Daneel Park, and the Prytania Theatre, along with dining along Prytania Street. It is also noted as moments from Robert’s and Magazine Street’s dining and shopping, and from Audubon Park.
Overall, this configuration provides flexibility through the separate apartment while retaining a single-property look and feel, with outdoor space provided by the private patio.
Located in the heart of Uptown’s Golden Rectangle, the home is described as walkable to St. Charles Avenue and nearby destinations including Tulane, Loyola, Daneel Park, and the Prytania Theatre, along with dining along Prytania Street. It is also noted as moments from Robert’s and Magazine Street’s dining and shopping, and from Audubon Park.
Overall, this configuration provides flexibility through the separate apartment while retaining a single-property look and feel, with outdoor space provided by the private patio.
Key Highlights
- 3,737 SF 3‑story home built in 1922 with 5 bedrooms and 4 full bathrooms
- Duplex setup with a separate ground‑floor apartment for rental, guests, or multi‑generational living
- Central air conditioning and central heating
Local Financial Insights For Multifamily LT 5
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 | $50.2k | $13.44 |
| − Vacancy | −$4.3k | −$1.16 |
| EGI | $45.9k | $12.28 |
| − OpEx | −$13.8k | −$3.68 |
| NOI | $32.1k | $8.60 |
3,737 SF · lease $13.44/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$458.9K
$401.5K – $535.3K
NOI $32,120 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$406.8K
$355.9K – $474.6K
NOI $28,473 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$985.9K
$862.7K – $1.15M
NOI $69,015 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offering a separate ground-floor apartment, plus a private patio and driveway in New Orleans’ Uptown area.
Where is this duplex located?
The property is located at 5528 Pitt Street New Orleans, LA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3,737 SF 3‑story home built in 1922 with 5 bedrooms and 4 full bathrooms; Duplex setup with a separate ground‑floor apartment for rental, guests, or multi‑generational living; Central air conditioning and central heating
