Triplex with Detached
For Sale
$250,000
313 OAK Avenue, Harahan, LA 70123
Multifamily, Harahan, LA
Property Size2,165 SF
Lot Size0.17 Acres
Price / SF$115.47
Days on Market20
Property Features for 313 OAK Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 6
Parking features
Garage - Detached
Standard status
Active
APN
0930001033
Size
2,165 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
LOTS 3 & 4 SQ I HARAHAN CITY
Legal Description
LOTS 3 & 4 SQ I HARAHAN CITY
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
washer and dryer
shared backyard
tenant storage area
Building Details
Year built
1966
Number of units
3
Building materials
Stucco
Architectural style
Other
Buildings
2
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Tangie P Stephens · License #995689528
(504) 239-0095
Added: Oct 5
Changed: Oct 24
Last Checked: Oct 24 at 11:06PM
MLS# 2580255
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,165-square-foot triplex comprises two buildings: a front structure with two units and a separate rear unit. The property was built in 1966 and has stucco construction. Each unit includes a washer and dryer, and tenants share the backyard. A small storage area and a detached garage currently used by the owner for storage provide additional on-site space.
The units are occupied by long-term tenants on month-to-month leases. Utility service includes two electric, two gas, and two water meters; the front units share meters, while the rear unit has its own electric meter. The owner currently pays all utilities. Heating is central, and cooling includes central air and window units.
The units are occupied by long-term tenants on month-to-month leases. Utility service includes two electric, two gas, and two water meters; the front units share meters, while the rear unit has its own electric meter. The owner currently pays all utilities. Heating is central, and cooling includes central air and window units.
Key Highlights
- Three units across two separate buildings
- 2,165 square feet on a 60 X 120 lot
- Front building contains two units; rear building has one standalone 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
Multifamily LT 5
$339.4K
$297.0K – $396.0K
NOI $23,759 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$317.3K
$277.6K – $370.2K
NOI $22,211 @ 7.0% cap · market cap 8.88%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
827
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
Frequently Asked Questions
What type of property is this?
Triplex - Three units occupy two separate buildings on a shared parcel with tenant laundry and outdoor space.
Where is this triplex 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 X 120 lot; Front building contains two units; rear building has one standalone unit
