Updated 3-Unit
For Sale
$580,000
2708-12 Dublin St, New Orleans, LA 70118
Three renovated units with private laundry, off-street parking, original character, and a rear deck with yard space.
Property Size2,806 SF
Price / SF$206.70
Days on Market20
Property Features for 2708-12 Dublin St
General Information
Standard status
Active
Size
2,806 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
ROOF TO BE REPLACED PRIOR TO CLOSING.
Additional Details
Highway Access
Yes
Multifamily Units
3
Amenities
central air conditioning
private washer/dryers
wood floors
fireplaces
deck
yard
Building Details
Year Built
1930
Construction
shotgun style
Listing Agency:
Century 21 Action Realty, Inc.
(504) 606-0466
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Aug 12
Changed: Aug 29
Last Checked: Aug 30 at 4:06PM
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 Century 21 Action Realty, Inc.
Investment Insights
Based on property information with market context.
This 2,806 SF triplex, built in 1930, contains three updated units in a shotgun-style layout. The upper residences feature central AC, private washer/dryers, wood flooring, original fireplaces and woodwork, and abundant windows. A lower-level unit includes a full kitchen, renovated bathroom, laminate flooring, reasonable ceiling height, and window units. The property also offers a rear porch or deck, yard space, and off-street parking for 5+ cars. The roof is scheduled to be replaced before closing.
Located on Dublin St in New Orleans, the property provides access to universities, Ochsner Campus, Earhart, I-10, shopping, and dining. It is in an X flood zone. The units were fully renovated 5 years ago, combining updated interiors with retained original architectural details.
Located on Dublin St in New Orleans, the property provides access to universities, Ochsner Campus, Earhart, I-10, shopping, and dining. It is in an X flood zone. The units were fully renovated 5 years ago, combining updated interiors with retained original architectural details.
Key Highlights
- 2,806 SF triplex with 3 updated units
- Upper units include central AC and private washer/dryers
- Original fireplaces, woodwork, floors, and abundant windows
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
$35,531
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
6.13%
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%
$710,620
$710.6K
Cap Rate 7%
$507,586
$507.6K
Cap Rate 9%
$394,789
$394.8K
Market Conditions
NOI Build-Up for 2,806 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
$55.6K $19.80/SF
− Vacancy
−$4.8K −$1.71/SF
EGI
$50.8K $18.09/SF
− OpEx
−$15.2K −$5.43/SF
NOI
$35.5K $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%
$710,620
Cap Rate 7%
$507,586
Cap Rate 9%
$394,789
Alternative Uses
Best Use
Multifamily LT 5
$507.6K
$444.1K – $592.2K
NOI $35,531 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$466.6K
$408.2K – $544.3K
NOI $32,659 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$713.2K
$624.0K – $832.1K
NOI $49,923 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
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 renovated units with private laundry, off-street parking, original character, and a rear deck with yard space.
Where is this triplex located?
The property is located at 2708-12 Dublin St New Orleans, LA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 2,806 SF triplex with 3 updated units; Upper units include central AC and private washer/dryers; Original fireplaces, woodwork, floors, and abundant windows
