The structure and magnetic properties of the compound LaBaCuCoO 5+␦ have been studied for the nonstoichiometric oxygen concentration ␦ Ϸ 0.6. The structure is pseudo-cubic with a tripled perovskite unit cell.The crystal structure was determined by a combined Rietveld fit to neutron and synchrotron x-ray powder diffraction data in the orthorhombic Pmmm space group, with cell parameters a = 3.9223͑3͒ Å, b = 3.9360͑3͒ Å, c = 11.7073͑8͒ Å, and V = 180.74͑2͒ Å 3 ͑room temperature͒. Antiferromagnetic ordering of Cu and Co magnetic moments is observed below 205͑4͒ K. The magnetic structure with cell a M =2a, b M =2b, and c M =2c, could be described with the Shubnikov space group FmmmЈ. The magnetic moments of both equivalent Cu/ Co sites were determined at 50 and 170 K to be 0.83͑3͒ B and 0.58͑3͒ B , respectively, consistent with one unpaired electron per atom. The fit of the intensities to a simple mean field magnetic model appeared to be insufficient to account for the variation of moments at temperatures close to T N while a three dimensional Heisenberg model could improve the fit. Susceptibility measurements between 4 and 350 K also show irreversibility below 150 K. The local environments of Cu and Co were studied by extended x-ray absorption fine structure spectroscopy at both absorption edges. Cu atoms adopt an elongated octahedral or square-based pyramidal oxygen environment which suggests mainly the presence of Cu͑II͒ in the structure. Co adopts different local environments, depending on the electronic and spin states.