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Renovated Tri-plex Investment Property

616 LEBEAU Street Arabi, LA 70032

616 LEBEAU Street, Arabi, LA, 70032

$279,900

For Sale

$279,900

MULTI_FAMILY - Arabi, LA

Property Size2,055 SF

Lot Size0.14 Acres

Price / SF$136.20

AddedMar 6

Days on Market130

Last RefreshJul 14 at 2:06 pm

Property Features for 616 LEBEAU Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Driveway
Standard status: Active
APN: 201000500003
Size: 2,055 SF
Lot size: 0.14 Acres

Taxes and HOA fees

Tax Description: LOT 3 SQ. 5 GREEN ACRES SUB 50X120=6000

Utilities

Cooling system: Window Unit(s)
Water source: Public

Building Details

Year built: 1961
Floors in Building: 2
Number of units: 3
Roof type: Shingle
Architectural style: Other

Listing agent Amanda Miller License #995687438

Listing office Amanda Miller Realty, LLC 300 W Judge Perez Drive, Chalmette, LA

Listing date Mar 6, 2026

MLS# 2546342 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 renovated tri-plex is an investment property located in Old Arabi. Each unit features light wood-colored floors and white paint. Unit A includes a gourmet kitchen with white cabinets and counters. The bathroom has a claw foot soaking tub, mosaic flooring, and subway tiles on the walls. The property includes a large yard and gazebo in the backyard. The lot size is 0.1377 acres, and the property size is 2055 square feet. The property is located in Flood Zone X. The owner pays utilities and includes them in the rental amounts. This property is suitable to add to your investment portfolio or for owner occupancy.

Key Highlights

Renovated tri‑plex in desired Old Arabi community.
Potential for investment property or owner occupancy.
Unit A features a gourmet kitchen and luxurious bathroom with claw foot tub.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$35.3k	$17.16
− Vacancy	−$3.0k	−$1.48
EGI	$32.2k	$15.68
− OpEx	−$9.7k	−$4.70
NOI	$22.6k	$10.97

2,055 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$322.2K

$281.9K – $375.9K (±1% cap)

NOI $22,552 @ 7.0% cap · market cap 8.06%

Second Best

Apartment 5plus

$301.2K

$263.5K – $351.4K (±1% cap)

NOI $21,082 @ 7.0% cap · market cap 7.53%

Theoretical Best

Office A

$542.2K

$474.4K – $632.5K (±1% cap)

NOI $37,952 @ 7.0% cap · market cap 13.56%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

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Renovated Triplex in Old Arabi

Renovated triplex investment property in the Old Arabi Community.

616 Lebeau Street, Arabi, LA 70032

View Details

For sale
Triplexes
LA
Arabi
70032
616 LEBEAU Street

What type of property is this?

Triplex - Stunning renovated tri-plex in Old Arabi Community!

Where is this triplex located?

The property is located at 616 LEBEAU Street Arabi, LA.

What is the asking price?

The asking price for this property is $279,900.

What are key features of this property?

This property features: Renovated tri‑plex in desired Old Arabi community.; Potential for investment property or owner occupancy.; Unit A features a **gourmet kitchen and luxurious bathroom with claw foot tub**.