Porch-Front
For Sale
$417,000
5936 LOUISVILLE Street, New Orleans, LA 70124
Multifamily, New Orleans, LA
Property Size1,520 SF
Lot Size0.10 Acres
Price / SF$274.34
Days on Market36
Property Features for 5936 LOUISVILLE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Parking
3
Parking features
Off Street, Driveway
Patio and Porch features
Porch
Standard status
Active
APN
206310718
Size
1,520 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
SQ 339 LOT B1 LOUISVILLE ST 34.15X129
Legal Description
SQ 339 LOT B1 LOUISVILLE ST 34.15X129
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
low-maintenance yard space
private outdoor areas
Building Details
Year built
1960
Number of units
2
Building materials
Wood Siding
Architectural style
Other
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Susan P Tiblier · License #000005548
(504) 259-0954
Added: Sep 18
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2576830
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 1,520-square-foot duplex was built in 1960 and sits on a 0.1011-acre lot. The wood-sided property has a porch, off-street driveway parking, and private outdoor areas. Central heating and air conditioning serve the building; public water and sewer are available, along with natural gas service availability.
The property is in New Orleans, near Harrison Avenue’s shops, restaurants, cafes, and grocery stores. City Park, playgrounds, and walking and biking paths are nearby, as are Lake Pontchartrain and Lakeshore Drive.
The property is in New Orleans, near Harrison Avenue’s shops, restaurants, cafes, and grocery stores. City Park, playgrounds, and walking and biking paths are nearby, as are Lake Pontchartrain and Lakeshore Drive.
Key Highlights
- Duplex with 1,520 square feet on a 0.1011‑acre lot
- Built in 1960 with wood siding and a porch
- Central heating and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,247
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,940
$384.9K
Cap Rate 7%
$274,957
$275.0K
Cap Rate 9%
$213,856
$213.9K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$30.1K $19.80/SF
− Vacancy
−$2.6K −$1.71/SF
EGI
$27.5K $18.09/SF
− OpEx
−$8.2K −$5.43/SF
NOI
$19.2K $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%
$384,940
Cap Rate 7%
$274,957
Cap Rate 9%
$213,856
Alternative Uses
Best Use
Multifamily LT 5
$275.0K
$240.6K – $320.8K
NOI $19,247 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$252.7K
$221.1K – $294.9K
NOI $17,691 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$386.3K
$338.0K – $450.7K
NOI $27,043 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
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Business Placement
Demographics for 70124, LA
22,777
Population
8,919
Households
2.6
Avg Household Size
37
Median Age
70%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,400
Density / Sq Mi
$121,318
Median Household Income
$66,323
Median Earnings
$1,752
Median Rent
$577,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include private outdoor areas, driveway parking, and central heating and air conditioning.
Where is this duplex located?
The property is located at 5936 LOUISVILLE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $417,000.
What are key features of this property?
This property features: Duplex with 1,520 square feet on a 0.1011‑acre lot; Built in 1960 with wood siding and a porch; Central heating and central air conditioning
