Two-Unit Duplex with Separate
For Sale
$545,000
5830 S GALVEZ Street, New Orleans, LA 70125
Multifamily, New Orleans, LA
Property Size2,864 SF
Price / SF$190.29
Days on Market24
Property Features for 5830 S GALVEZ Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2
Parking
3
Parking features
Driveway
Directions
North from Claiborne to Nashville, 2 blocks to S Galvez West (towards Carrollton)
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Number of units
2
Architectural style
Other
Listing Agency:
REVE, REALTORS
(504) 300-0700
Listed By:
Liz Winston · License #000001133
(504) 616-3377
Added: Oct 2
Changed: Oct 23
Last Checked: Oct 25 at 1:06PM
MLS# 2580170
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1940 duplex contains two units and 2,864 square feet. Both residences have spacious rooms, closets, and natural light. Original hardwood floors remain in the living, dining, and bedroom areas, and appliances are included. The upstairs unit has been painted and is vacant. Recent exterior painting is also noted.
Two separate driveways provide on-site parking. The property has central heating and air conditioning, natural gas service, public water, and public sewer.
Two separate driveways provide on-site parking. The property has central heating and air conditioning, natural gas service, public water, and public sewer.
Key Highlights
- Two‑unit property with 2,864 square feet
- Two separate driveways for parking
- Built in 1940
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.
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Property Analytics
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Lease Details
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature original hardwood flooring, included appliances, and central heating and air conditioning.
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 $545,000.
What are key features of this property?
This property features: Two‑unit property with 2,864 square feet; Two separate driveways for parking; Built in 1940
