Duplex With Hardwood
New
For Sale
$565,000
5830 S GALVEZ Street, New Orleans, LA 70125
Multi-Family, Traditional, New Orleans, LA
Property Size2,864 SF
Price / SF$197.28
Days on Market4
Property Features for 5830 S GALVEZ Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Exterior features
Fence
Fencing
Fenced
Lot features
Oversized
Subdivision
Claiborne-University
Standard status
Active
APN
0 615108509
Size
2,864 SF
Taxes and HOA fees
Tax Description
Sq 101 Lot 9 Hurstville
Legal Description
Sq 101 Lot 9 Hurstville
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Architectural style
Other
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Liz Winston
(504) 616-3377
Added: Oct 2
Changed: Oct 5
Last Checked: Oct 5 at 9:06PM
MLS# 2580170
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.
Investment Insights
Based on property information with market context.
This 2,864-square-foot duplex was built in 1940 and includes two separate driveways and a fenced yard. Living rooms, dining rooms, and bedrooms feature original hardwood flooring. The rooms have closets and receive natural light, and appliances are included. The upper unit has been recently painted and is vacant.
Building systems include central air conditioning and central heating fueled by natural gas. The property is served by public water.
Building systems include central air conditioning and central heating fueled by natural gas. The property is served by public water.
Key Highlights
- 2,864 square feet across a duplex
- Two separate driveways
- Original hardwood floors in living rooms, dining rooms, and bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,265
Cap Rate
6.42%
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 6.42%
Second Best
Apartment 5plus
$476.2K
$416.7K – $555.6K
NOI $33,334 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$727.9K
$636.9K – $849.3K
NOI $50,955 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - The upper unit is vacant and recently painted, with appliances included in the sale.
Where is this duplex located?
The property is located at 5830 S GALVEZ Street New Orleans, LA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 2,864 square feet across a duplex; Two separate driveways; Original hardwood floors in living rooms, dining rooms, and bedrooms
