Triplex with Additional
For Sale
$329,900
2200 Trio Street, Chalmette, LA 70043
Fully rented triplex with coin laundry, a recent roof, and a new rear-unit staircase.
Property Size2,724 SF
Days on Market15
Property Features for 2200 Trio Street
General Information
Standard status
Active
Size
2,724 SF
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Gross Income
$42,300
Multifamily Units
3
Amenities
on-site coin laundry
Building Details
Building Size
2,724 SF
Year Built
1988
Stories
1
Listing Agency:
1 Percent Lists Legacy
(985) 265-2046
Listed By:
Trey Miley · License #995709617
(985) 265-2046
Source:
Nolalivingrealty
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 10 at 11:51AM
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 1 Percent Lists Legacy
Investment Insights
Based on property information with market context.
Built in 1988, this triplex includes three occupied units, on-site coin laundry, and an additional lot. The property is fully rented and includes a recently installed staircase serving the rear unit.
A new roof was completed in December 2024. The property is located at 2200 Trio Street in Chalmette, Louisiana, and lies in Flood Zone X.
A new roof was completed in December 2024. The property is located at 2200 Trio Street in Chalmette, Louisiana, and lies in Flood Zone X.
Key Highlights
- Three occupied units with on‑site coin laundry
- Additional lot included with the property
- New roof installed in December 2024
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
$29,894
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
9.06%
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%
$597,880
$597.9K
Cap Rate 7%
$427,057
$427.1K
Cap Rate 9%
$332,156
$332.2K
Market Conditions
NOI Build-Up for 2,724 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
$46.7K $17.16/SF
− Vacancy
−$4.0K −$1.48/SF
EGI
$42.7K $15.68/SF
− OpEx
−$12.8K −$4.70/SF
NOI
$29.9K $10.97/SF
Area
St. Bernard County, LA
Vacancy
8.64%
Lease Rate
$17.16 /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%
$597,880
Cap Rate 7%
$427,057
Cap Rate 9%
$332,156
Alternative Uses
Best Use
Multifamily LT 5
$427.1K
$373.7K – $498.2K
NOI $29,894 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$399.2K
$349.3K – $465.8K
NOI $27,945 @ 7.0% cap · market cap 8.47%
Theoretical Best
Office A
$718.7K
$628.8K – $838.5K
NOI $50,307 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 70043, LA
21,596
Population
8,782
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
83%
High-School Grad
9.1 sq mi
ZIP Area
2,373
Density / Sq Mi
$57,065
Median Household Income
$37,969
Median Earnings
$1,091
Median Rent
$203,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully rented triplex with coin laundry, a recent roof, and a new rear-unit staircase.
Where is this triplex located?
The property is located at 2200 Trio Street Chalmette, LA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Three occupied units with on‑site coin laundry; Additional lot included with the property; New roof installed in December 2024
