Updated Duplex with Covered
For Sale
$291,500
2913-17 Hawkston Street, Jefferson, LA 70121
Two-bedroom units feature refreshed kitchens, full baths, and interior laundry areas.
Property Size1,346 SF
Price / SF$216.57
Days on Market178
Property Features for 2913-17 Hawkston Street
General Information
Standard status
Active
Size
1,346 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
covered front porch
interior laundry rooms
fenced backyard
shed
Central Air
Central
1
2
hook-ups
Asphalt
Other
Pillar/Post/Pier
Wood Siding
Porch
Building Details
Year Built
1966
Listing Agency:
REVE, REALTORS
(504) 952-1313
Listed By:
Tegan Mason · License #995703612
(504) 952-1313
Source:
Compass
Added: Mar 7
Changed: Aug 31
Last Checked: Aug 31 at 4:10AM
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 REVE, REALTORS
Investment Insights
Based on property information with market context.
Built in 1966, this duplex contains 1,346 square feet with two separate units, each offering two bedrooms and one full bathroom. Both residences include updated kitchens, interior laundry rooms, central air, refinished original hardwood flooring, and barn doors. The exterior features wood siding, a covered front porch, new energy-efficient windows, and a roof installed after Hurricane Ida.
The property is located at 2913-17 Hawkston Street in Jefferson, Louisiana, one block from Jefferson Highway and Causeway Boulevard. A large, fully fenced backyard provides outdoor space and includes a shed. The layout supports either owner occupancy with rental income from the second unit or continued use as a two-unit residential income property.
The property is located at 2913-17 Hawkston Street in Jefferson, Louisiana, one block from Jefferson Highway and Causeway Boulevard. A large, fully fenced backyard provides outdoor space and includes a shed. The layout supports either owner occupancy with rental income from the second unit or continued use as a two-unit residential income property.
Key Highlights
- Two‑unit duplex with 1,346 square feet
- Each unit includes 2 bedrooms and 1 full bath
- Updated kitchens and interior laundry rooms in both units
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
$17,044
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
5.85%
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%
$340,880
$340.9K
Cap Rate 7%
$243,486
$243.5K
Cap Rate 9%
$189,378
$189.4K
Market Conditions
NOI Build-Up for 1,346 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
$26.7K $19.80/SF
− Vacancy
−$2.3K −$1.71/SF
EGI
$24.3K $18.09/SF
− OpEx
−$7.3K −$5.43/SF
NOI
$17.0K $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%
$340,880
Cap Rate 7%
$243,486
Cap Rate 9%
$189,378
Alternative Uses
Best Use
Multifamily LT 5
$243.5K
$213.1K – $284.1K
NOI $17,044 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$223.8K
$195.8K – $261.1K
NOI $15,666 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$342.1K
$299.4K – $399.1K
NOI $23,948 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,233
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?
Duplex - Two-bedroom units feature refreshed kitchens, full baths, and interior laundry areas.
Where is this duplex located?
The property is located at 2913-17 Hawkston Street Jefferson, LA.
What is the asking price?
The asking price for this property is $291,500.
What are key features of this property?
This property features: Two‑unit duplex with 1,346 square feet; Each unit includes 2 bedrooms and 1 full bath; Updated kitchens and interior laundry rooms in both units
