Duplex with Separate
New
For Sale
$565,000
5830 S GALVEZ Street, New Orleans, LA 70125
Multi-Family, Traditional, New Orleans, LA
Property Size1,464 SF
Price / SF$385.93
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
1,464 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 6:06PM
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 1,464-square-foot duplex was built in 1940 and sits on an oversized lot with two separate driveways. The upstairs unit is vacant and has recently been painted. Living, dining, and bedroom areas feature original hardwood floors, and appliances are included. The rooms have spacious proportions and closets, with natural light throughout.
The property has central heating fueled by natural gas and central air conditioning. A fence encloses the lot, and the water supply is public.
The property has central heating fueled by natural gas and central air conditioning. A fence encloses the lot, and the water supply is public.
Key Highlights
- 1,464‑square‑foot duplex built in 1940
- Two separate driveways on an oversized lot
- Vacant upstairs unit has recently been painted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,538
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,760
$370.8K
Cap Rate 7%
$264,829
$264.8K
Cap Rate 9%
$205,978
$206.0K
Market Conditions
NOI Build-Up for 1,464 SF
Gross rent
$29.0K $19.80/SF
− Vacancy
−$2.5K −$1.71/SF
EGI
$26.5K $18.09/SF
− OpEx
−$7.9K −$5.43/SF
NOI
$18.5K $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%
$370,760
Cap Rate 7%
$264,829
Cap Rate 9%
$205,978
Alternative Uses
Best Use
Multifamily LT 5
$264.8K
$231.7K – $309.0K
NOI $18,538 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$243.4K
$213.0K – $284.0K
NOI $17,039 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$372.1K
$325.6K – $434.1K
NOI $26,047 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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 - Two residential units occupy an oversized lot, with a vacant upper apartment ready for occupancy.
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: 1,464‑square‑foot duplex built in 1940; Two separate driveways on an oversized lot; Vacant upstairs unit has recently been painted
