Duplex with Separate
For Sale
$545,000
5830 S Galvez St, New Orleans, LA 70125
The vacant upper residence has fresh paint, while original hardwood floors remain in the living, dining, and bedroom areas.
Property Size2,864 SF
Price / SF$190.29
Days on Market28
Property Features for 5830 S Galvez St
General Information
Standard status
Active
Size
2,864 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Marlyville - Fontainebleau
Additional Details
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Liz Winston · License #000001133
(504) 616-3377
Source:
Exprealty
Added: Oct 2
Changed: Oct 28
Last Checked: Oct 28 at 2:39PM
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 REVE, REALTORS
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 New Orleans duplex contains 2,864 square feet and has two separate driveways. Original hardwood flooring is present in the living room, dining room, and bedrooms, and appliances are included. Exterior painting has been completed, and the upper unit has been recently painted and is vacant.
Key Highlights
- 2,864‑square‑foot duplex in New Orleans
- Two separate driveways
- Original hardwood floors in the living room, dining room, and bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,265
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,300
$725.3K
Cap Rate 7%
$518,071
$518.1K
Cap Rate 9%
$402,944
$402.9K
Market Conditions
NOI Build-Up for 2,864 SF
Gross rent
$56.7K $19.80/SF
− Vacancy
−$4.9K −$1.71/SF
EGI
$51.8K $18.09/SF
− OpEx
−$15.5K −$5.43/SF
NOI
$36.3K $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%
$725,300
Cap Rate 7%
$518,071
Cap Rate 9%
$402,944
Alternative Uses
Best Use
Multifamily LT 5
$518.1K
$453.3K – $604.4K
NOI $36,265 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$476.2K
$416.7K – $555.6K
NOI $33,334 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$727.9K
$636.9K – $849.3K
NOI $50,955 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,485
Businesses Nearby
Explore this area
Business Placement
Demographics for 70125, LA
17,457
Population
7,972
Households
2.2
Avg Household Size
33
Median Age
46%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
7,590
Density / Sq Mi
$58,956
Median Household Income
$39,623
Median Earnings
$1,292
Median Rent
$428,600
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 - The vacant upper residence has fresh paint, while original hardwood floors remain in the living, dining, and bedroom areas.
Where is this duplex located?
The property is located at 5830 S Galvez St New Orleans, LA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 2,864‑square‑foot duplex in New Orleans; Two separate driveways; Original hardwood floors in the living room, dining room, and bedrooms
