3-Unit Multifamily
New
For Sale
$250,000
313 OAK Avenue, Harahan, LA 70123
Multi-Family, Traditional, Harahan, LA
Property Size2,165 SF
Lot Size0.17 Acres
Price / SF$115.47
Days on Market3
Property Features for 313 OAK Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage
Lot features
Regular
Standard status
Active
APN
0930001033
Size
2,165 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
LOTS 3 & 4 SQ I HARAHAN CITY
Legal Description
LOTS 3 & 4 SQ I HARAHAN CITY
Utilities
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
washer and dryer in unit
shared backyard
tenant storage area
Building Details
Year built
1966
Floors in Building
1
Number of units
3
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Tangie Stephens · License #995689528
(504) 338-7653
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 7 at 8:06AM
MLS# 2580255
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 2,165-square-foot property contains two buildings on a 60-by-120-foot lot. The front structure has two units, and the rear structure has one. Each unit includes a washer and dryer. Residents share the backyard and have access to a small storage area; a larger garage is used by the owner for storage. The property was built in 1966 and has central heating, with central air and window-unit cooling listed. Public water serves the site.
All three units are occupied under month-to-month leases. The owner currently pays utilities. The front units share utility meters, while the rear unit has a separate electric meter. Meter counts are listed as two each for electric, gas, and water.
All three units are occupied under month-to-month leases. The owner currently pays utilities. The front units share utility meters, while the rear unit has a separate electric meter. Meter counts are listed as two each for electric, gas, and water.
Key Highlights
- Three units across two separate buildings
- 2,165 square feet on a 60‑by‑120‑foot lot
- Washer and dryer provided in each unit
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
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
23
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Separate front and rear structures provide a three-unit layout, shared outdoor space, and on-site garage.
Where is this multifamily property located?
The property is located at 313 OAK Avenue 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; Washer and dryer provided in each unit
