Triplex with Updated
For Sale
$310,000
2200 James St, Jefferson, LA 70121
Three-unit property includes a two-bedroom residence and two one-bedroom, one-bath rental units.
Property Size2,100 SF
Lot Size0.21 Acres
Price / SF$147.62
Days on Market42
Property Features for 2200 James St
General Information
Standard status
Active
Size
2,100 SF
Lot size
0.21 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1945
Listing Agency:
LATTER & BLUM (LATT01)
(504) 250-8572
Listed By:
Patti Gracianette · License #000038590
Source:
Fiorellaavenue
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 8:27PM
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 LATTER & BLUM (LATT01)
Investment Insights
Based on property information with market context.
Built in 1945, this 2,100-square-foot triplex combines a two-bedroom primary residence with two separate one-bedroom, one-bath units on the lower level. The main residence features wood flooring in the living area and a kitchen updated in 2018 with contemporary finishes.
The property occupies an oversized 75' x 120' lot in Old Jefferson, near Ochsner and the levee. Its three-unit configuration provides a defined residential layout with the larger upper living space and two lower rental units.
The property occupies an oversized 75' x 120' lot in Old Jefferson, near Ochsner and the levee. Its three-unit configuration provides a defined residential layout with the larger upper living space and two lower rental units.
Key Highlights
- 2,100‑square‑foot triplex built in 1945
- Two‑bedroom main residence with wood floors
- Kitchen renovation completed in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,591
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$531,820
$531.8K
Cap Rate 7%
$379,871
$379.9K
Cap Rate 9%
$295,456
$295.5K
Market Conditions
NOI Build-Up for 2,100 SF
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.
Gross rent
$41.6K $19.80/SF
− Vacancy
−$3.6K −$1.71/SF
EGI
$38.0K $18.09/SF
− OpEx
−$11.4K −$5.43/SF
NOI
$26.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$531,820
Cap Rate 7%
$379,871
Cap Rate 9%
$295,456
Alternative Uses
Best Use
Multifamily LT 5
$379.9K
$332.4K – $443.2K
NOI $26,591 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$349.2K
$305.5K – $407.4K
NOI $24,442 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$533.8K
$467.0K – $622.7K
NOI $37,363 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,343
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property includes a two-bedroom residence and two one-bedroom, one-bath rental units.
Where is this triplex located?
The property is located at 2200 James St Jefferson, LA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 2,100‑square‑foot triplex built in 1945; Two‑bedroom main residence with wood floors; Kitchen renovation completed in 2018
