Income-Producing Triplex in Jefferson,
16 HAWKINS Avenue Jefferson, LA 70121
16 HAWKINS Avenue, Jefferson, LA, 70121
$229,000
For Sale
$229,000
MULTI_FAMILY - Jefferson, LA
Property Size1,202 SF
Price / SF$190.52
Days on Market139
Property Features for 16 HAWKINS Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- Size
- 1,202 SF
Utilities
- Heating system
- Central
- Cooling system
- Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Number of units
- 3
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed by
Jennifer Blanchard · License #76636
(504) 669-8822
Added: Mar 5 Updated: Jul 9 at 2:50AM Checked: Jul 22 at 4:06AM
MLS# 2545874
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 income-producing property in Jefferson, LA, features a duplex and an efficiency unit. The property is fully rented and generates $2850 per month. Each unit has its own water and electric meters, and tenants are responsible for their own utilities. Situated on a corner lot, the property includes a 2-unit duplex, with each unit containing 1 bedroom and 1 bathroom, plus a separate efficiency unit. Units A and B are equipped with central air and heat, while the efficiency unit has a window unit. All units are on separate meters. The property is conveniently located near Elmwood Shopping Center, Huey P. Long Bridge, hospitals, and restaurants. This property is an ideal investment opportunity for those seeking steady income with built-in tenant occupancy. The property size is 1202 square feet.
Key Highlights
- Fully rented duplex + separate efficiency unit generating $2,850/month
- Corner‑lot property with a 2‑unit duplex (each 1BD/1BA) plus a separate efficiency unit
- Each unit has its own water and electric meters; tenants pay their own utilities
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 | $23.8k | $19.80 |
| − Vacancy | −$2.1k | −$1.71 |
| EGI | $21.7k | $18.09 |
| − OpEx | −$6.5k | −$5.43 |
| NOI | $15.2k | $12.66 |
1,202 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$217.4K
$190.3K – $253.7K
NOI $15,220 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$199.9K
$174.9K – $233.2K
NOI $13,990 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$305.5K
$267.3K – $356.4K
NOI $21,386 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully rented triplex near Elmwood Shopping Center. Great investment opportunity.
Where is this triplex located?
The property is located at 16 HAWKINS Avenue Jefferson, LA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Fully rented duplex + separate efficiency unit generating $2,850/month; Corner‑lot property with a 2‑unit duplex (each 1BD/1BA) plus a separate efficiency unit; Each unit has its own water and electric meters; tenants pay their own utilities
