3-Unit Multifamily
New
For Sale
$250,000
313 Oak Ave, Harahan, LA 70123
Each residence includes a washer and dryer, with a shared backyard and on-site storage.
Property Size2,165 SF
Lot Size0.17 Acres
Price / SF$115.47
Days on Market4
Property Features for 313 Oak Ave
General Information
Standard status
Active
Size
2,165 SF
Lot size
0.17 Acres
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Amenities
in-unit washer/dryer
shared backyard
tenant storage area
Building Details
Year Built
1966
Buildings
2
Listing Agency:
Keller Williams Realty 455-0100
(504) 455-0100
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 8:10PM
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 Keller Williams Realty 455-0100
Investment Insights
Based on property information with market context.
This 2,165-square-foot multifamily property includes two buildings on a 60-by-120-foot lot. The front structure contains two units, while a separate rear building contains one unit. Built in 1966, the property has a large garage used for owner storage and a small area for tenant storage. Residents also share the backyard, and each unit has a washer and dryer.
The three units are occupied by long-term tenants on month-to-month leases. The owner currently pays the utilities. The property has two electric, two gas, and two water meters; the front units share meters, and the rear unit has its own electric meter.
The three units are occupied by long-term tenants on month-to-month leases. The owner currently pays the utilities. The property has two electric, two gas, and two water meters; the front units share meters, and the rear unit has its own electric meter.
Key Highlights
- Three units across two separate buildings
- 2,165 square feet on a 60‑by‑120‑foot lot
- Front building has two units; rear building has one
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,211
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,220
$444.2K
Cap Rate 7%
$317,300
$317.3K
Cap Rate 9%
$246,789
$246.8K
Market Conditions
NOI Build-Up for 2,165 SF
Gross rent
$44.4K $20.52/SF
− Vacancy
−$4.0K −$1.87/SF
EGI
$40.4K $18.65/SF
− OpEx
−$18.2K −$8.39/SF
NOI
$22.2K $10.26/SF
Area
ZIP 70123
Vacancy
9.10%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,220
Cap Rate 7%
$317,300
Cap Rate 9%
$246,789
Alternative Uses
Best Use
Apartment 5plus
$317.3K
$277.6K – $370.2K
NOI $22,211 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$555.4K
$486.0K – $648.0K
NOI $38,877 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Explore this area
Business Placement
Demographics for 70123, LA
27,346
Population
14,297
Households
1.9
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
7.6 sq mi
ZIP Area
3,598
Density / Sq Mi
$82,639
Median Household Income
$52,709
Median Earnings
$1,310
Median Rent
$318,000
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?
Multifamily property - Each residence includes a washer and dryer, with a shared backyard and on-site storage.
Where is this multifamily property located?
The property is located at 313 Oak Ave Harahan, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three units across two separate buildings; 2,165 square feet on a 60‑by‑120‑foot lot; Front building has two units; rear building has one
