Three-Unit Property with
For Sale
$229,000
16 HAWKINS Avenue, Jefferson, LA 70121
Multifamily, Jefferson, LA
Property Size1,202 SF
Price / SF$190.52
Days on Market232
Property Features for 16 HAWKINS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Parking features
Driveway
Patio and Porch features
Porch
Lot features
Corner Lot
Standard status
Active
Size
1,202 SF
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
water, electricity
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
central air/heat
window unit
Building Details
Year built
1960
Number of units
2
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Jennifer Blanchard · License #000076636
(504) 345-1000
Added: Mar 5
Changed: Oct 23
Last Checked: Oct 23 at 5:06PM
MLS# 2545874
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 1,202-square-foot triplex on a corner lot consists of a two-unit duplex and a separate efficiency apartment. The duplex residences each have one bedroom and one bathroom; the efficiency provides a third unit. All three units are rented. Water and electric meters are assigned separately to each unit, and tenants pay their own utilities. Units A and B have central air and heat, while the efficiency uses a window air-conditioning unit. The property was built in 1960 and has driveway parking and a porch.
The property is in Jefferson, near Elmwood Shopping Center, Huey P. Long Bridge, hospitals, and restaurants. Public water and sewer serve the site, and natural gas is available.
The property is in Jefferson, near Elmwood Shopping Center, Huey P. Long Bridge, hospitals, and restaurants. Public water and sewer serve the site, and natural gas is available.
Key Highlights
- Three rented units: two 1‑bedroom, 1‑bath residences plus a separate efficiency
- 1,202 square feet on a corner lot
- Separate water and electric meters for each unit; tenants pay their own utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,220
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,400
$304.4K
Cap Rate 7%
$217,429
$217.4K
Cap Rate 9%
$169,111
$169.1K
Market Conditions
NOI Build-Up for 1,202 SF
Gross rent
$23.8K $19.80/SF
− Vacancy
−$2.1K −$1.71/SF
EGI
$21.7K $18.09/SF
− OpEx
−$6.5K −$5.43/SF
NOI
$15.2K $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%
$304,400
Cap Rate 7%
$217,429
Cap Rate 9%
$169,111
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 authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 70121, LA
11,523
Population
6,415
Households
1.8
Avg Household Size
46
Median Age
36%
College-Educated
88%
High-School Grad
3.3 sq mi
ZIP Area
3,492
Density / Sq Mi
$59,029
Median Household Income
$40,151
Median Earnings
$1,113
Median Rent
$237,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has its own water and electric meters, and tenants cover their utility costs.
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: Three rented units: two 1‑bedroom, 1‑bath residences plus a separate efficiency; 1,202 square feet on a corner lot; Separate water and electric meters for each unit; tenants pay their own utilities
