Listing Agency: Real Estate Resource Group LLC

Listed By: Gina Rowbatham · License #LA

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 10:55PM

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Investment Insights

Based on property information with market context.

This triplex includes three occupied residential units on a double lot. The current occupants are interested in remaining at the property, providing established tenancy across the building.

Tenants use the adjacent lot for parking. The property is located in the Bywater area of New Orleans at 2306 Piety St.

Key Highlights

• Triplex with three occupied units
• Situated on a double lot
• Adjacent lot used by tenants for parking

Property Analytics

Property Profile

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Parking Lot & Garage Spa & Massage Center Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

385

Businesses Nearby

Explore this area Business Placement

Demographics for 70117, LA

28,528

Population

15,821

Households

1.8

Avg Household Size

38

Median Age

35%

College-Educated

89%

High-School Grad

5.5 sq mi

ZIP Area

5,187

Density / Sq Mi

$41,645

Median Household Income

$31,744

Median Earnings

$1,191

Median Rent

$247,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Triplex - Three occupied residential units with tenant parking on an adjacent lot.

Where is this triplex located?

The property is located at 2306 Piety St New Orleans, LA.

What are key features of this property?

This property features: Triplex with three occupied units; Situated on a double lot; Adjacent lot used by tenants for parking