Well-Maintained Duplex with Private
5868 ORLEANS Avenue New Orleans, LA 70124
New
5868 ORLEANS Avenue, New Orleans, LA, 70124
$429,000
For Sale
$429,000
MULTI_FAMILY - New Orleans, LA
Property Size1,800 SF
Price / SF$238.33
Days on Market2
Property Features for 5868 ORLEANS Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 5870-ORLEANSAV
- Size
- 1,800 SF
Taxes and HOA fees
- Tax Description
- SQ 377 LOTS 45 46 ORLEANS 25 X 144 EA 5868-70 ORLEANS AVE
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1939
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Asphalt, Shingle
- Architectural style
- Craftsman
Listing Agency
Keller Williams Realty New Orleans
(504) 862-0100
8601 Leake Ave., New Orleans, LA
Listed by
Brittany Picolo
(504) 862-0100
Added: Jul 16 Checked: Jul 17 at 5:06 am
MLS# 2567643
Listing URL
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 well-maintained duplex offers two separate residences, each with two bedrooms and one full bathroom. The layout includes spacious living and dining areas with abundant natural light, wood flooring in the living spaces, neutral paint, crown molding, and large windows. Both units feature private entrances and a thoughtfully designed floor plan, including a kitchen and dedicated laundry area. The first-floor home includes a front porch and access to a spacious rear deck, while the second-floor home includes a front balcony and a similar overall layout. Exterior amenities include double front porches, a fully fenced front yard, an upper balcony, and a spacious rear deck.
The property is described as being in an X Flood Zone on high land, with lots of parking. It is located near City Park and Bayou St. John, and close to Canal Boulevard, Harrison Avenue, Metairie Road, shopping, restaurants, grocery stores, medical facilities, schools, and major commuter routes.
Each residence is configured for comfortable, long-term occupancy with practical storage and functional indoor-outdoor space.
The property is described as being in an X Flood Zone on high land, with lots of parking. It is located near City Park and Bayou St. John, and close to Canal Boulevard, Harrison Avenue, Metairie Road, shopping, restaurants, grocery stores, medical facilities, schools, and major commuter routes.
Each residence is configured for comfortable, long-term occupancy with practical storage and functional indoor-outdoor space.
Key Highlights
- Duplex built in 1939 with a Craftsman architectural style
- Each unit has 2 bedrooms and 1 full bathroom with approximately 900 SF of living space per unit
- Central heating and central air conditioning
Local Financial Insights For Multifamily LT 5
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 | $35.6k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.6k | $18.09 |
| − OpEx | −$9.8k | −$5.43 |
| NOI | $22.8k | $12.66 |
1,800 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.6K
$284.9K – $379.9K
NOI $22,792 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$299.3K
$261.9K – $349.2K
NOI $20,950 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$457.5K
$400.3K – $533.8K
NOI $32,025 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units with private entrances and outdoor decks in a well-maintained duplex.
Where is this duplex located?
The property is located at 5868 ORLEANS Avenue New Orleans, LA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Duplex built in 1939 with a Craftsman architectural style; Each unit has 2 bedrooms and 1 full bathroom with approximately 900 SF of living space per unit; Central heating and central air conditioning
