Residential Income
5532 South Claiborne Avenue New Orleans, LA 70115
5532 South Claiborne Avenue, New Orleans, LA, 70115
$548,000
For Sale
$548,000
Residential income multifamily property offered for sale at 5532 South Claiborne Avenue.
Property Size3,776 SF
Price / SF$145.13
Days on Market215
Property Features for 5532 South Claiborne Avenue
General Information
- Standard status
- Active
- Size
- 3,776 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1926
Listing agency
LATTER & BLUM INC/REALTORS
(504) 813-1102
Listed by
Elizabeth Reiss · License #000069545
(504) 813-1102
Source
Compass
Added: Dec 20, 2025 Updated: Jul 22 at 5:25PM Checked: Jul 22 at 5:25PM
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 LATTER & BLUM INC/REALTORS
Investment Insights
Based on property information with market context.
This residential income multifamily property is offered for sale as a multifamily asset. The property is listed with a total size of 3,776 square feet.
The asset is located at 5532 South Claiborne Avenue in New Orleans, Louisiana 70115.
For more details on the existing configuration, income potential, or allowable uses, please request the available offering materials.
The asset is located at 5532 South Claiborne Avenue in New Orleans, Louisiana 70115.
For more details on the existing configuration, income potential, or allowable uses, please request the available offering materials.
Key Highlights
- Residential income multifamily property for sale at 5532 South Claiborne Avenue
- 4 total bedrooms and 4 full bathrooms
- Central air conditioning and central heating
Local Financial Insights For Apartment 5plus
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 | $57.5k | $15.24 |
| − Vacancy | −$5.2k | −$1.39 |
| EGI | $52.3k | $13.85 |
| − OpEx | −$23.5k | −$6.23 |
| NOI | $28.8k | $7.62 |
3,776 SF · lease $15.24/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$411.0K
$359.6K – $479.5K
NOI $28,770 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.2K
$871.7K – $1.16M
NOI $69,735 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Therapeutic Recreation Services
Charitable Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Residential income multifamily property offered for sale at 5532 South Claiborne Avenue.
Where is this multifamily property located?
The property is located at 5532 South Claiborne Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $548,000.
What are key features of this property?
This property features: Residential income multifamily property for sale at 5532 South Claiborne Avenue; 4 total bedrooms and 4 full bathrooms; Central air conditioning and central heating
