Newly Renovated
For Sale
$350,000
2151 Robin Street, New Orleans, LA 70122
Newly renovated tri-plex with two long-term tenants and updated kitchens, bathrooms, and stoves.
Days on Market106
Property Features for 2151 Robin Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Additional Details
Multifamily Units
3
Amenities
shared backyard
pest control
Building Details
Building Size
2,500 SF
Year Built
1960
Tenancy
Multi
Listing Agency:
R & B Nola Realty, LLC
(504) 595-9300
Listed By:
Rene' Barney
(504) 595-9300
Source:
Nolalivingrealty
Added: Apr 16
Changed: Jul 26
Last Checked: Jul 30 at 12:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of R & B Nola Realty, LLC
Investment Insights
Based on property information with market context.
This newly renovated tri-plex features new hardi plank siding, with fascia and soffit replaced one year ago. The roof is approximately four years old, and a stand has been built for the A/C condenser. Updates include brand new stoves in two units, two newly renovated bathrooms and kitchens, and new flooring in the upstairs unit and in the efficiency unit’s kitchen. The property has no carpet and currently provides pest control through LaJaunie's Pest Control. Two long-term tenants are in place, with a two-bedroom unit currently becoming available.
The tri-plex includes a large shared backyard. Canseco's Market is located blocks away, with fast food restaurants minutes away. The University of New Orleans is approximately a four-minute drive.
For additional income potential, the property’s rental setup includes two occupied units and one unit becoming available, supporting a live-in option while collecting rent from the other units.
The tri-plex includes a large shared backyard. Canseco's Market is located blocks away, with fast food restaurants minutes away. The University of New Orleans is approximately a four-minute drive.
For additional income potential, the property’s rental setup includes two occupied units and one unit becoming available, supporting a live-in option while collecting rent from the other units.
Key Highlights
- Newly renovated Gentilly tri‑plex built in 1960 with rental income of $3,450 and 2 long‑term tenants
- Updates include new hardi plank siding and fascia/soffit replaced about one year ago, plus a new stand for the A/C condenser
- Roof is about 4 years old; pest control currently provided by LaJaunie's Pest Control
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 | $40.5k | $16.20 |
| − Vacancy | −$3.5k | −$1.40 |
| EGI | $37.0k | $14.80 |
| − OpEx | −$11.1k | −$4.44 |
| NOI | $25.9k | $10.36 |
2,500 SF · lease $16.20/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.0K
$323.8K – $431.7K
NOI $25,901 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$321.4K
$281.2K – $375.0K
NOI $22,498 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$654.2K
$572.4K – $763.2K
NOI $45,792 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Newly renovated tri-plex with two long-term tenants and updated kitchens, bathrooms, and stoves.
Where is this triplex located?
The property is located at 2151 Robin Street New Orleans, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Newly renovated Gentilly tri‑plex built in 1960 with rental income of $3,450 and 2 long‑term tenants; Updates include new hardi plank siding and fascia/soffit replaced about one year ago, plus a new stand for the A/C condenser; Roof is about 4 years old; pest control currently provided by LaJaunie's Pest Control
