3-Unit Residential
510 Lafayette Street, Gretna, LA 70053
For Sale
New
$499,000
Multifamily, Gretna, LA
Property Size4,116 SF
Lot Size0.10 Acres
Price / SF$121.23
Days on Market2
Property Features for 510 Lafayette Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Cassondra Larsen · License #000028198
(504) 628-4686
Added: Nov 6
Last Checked: Nov 7 at 12:06AM
MLS# 200OSH
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 4,116-square-foot triplex contains three residences: one with three bedrooms and two bathrooms, a second with two bedrooms and one bathroom, and a third with three bedrooms and two bathrooms. The upstairs unit is approximately 1,753 square feet and includes an open living and dining area, a kitchen with granite countertops, and a walk-in closet. The building was constructed in 1952 and has separate electric meters; all three units are currently rented.
Set on a 0.1-acre parcel at 510 Lafayette Street in Gretna, the property has access to shopping and dining, as well as the Greater New Orleans area.
Set on a 0.1-acre parcel at 510 Lafayette Street in Gretna, the property has access to shopping and dining, as well as the Greater New Orleans area.
Key Highlights
- Three units with bedroom/bathroom mixes of 3/2, 2/1, and 3/2
- All three residences are currently rented
- 4,116 square feet on a 0.1‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,170
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,400
$903.4K
Cap Rate 7%
$645,286
$645.3K
Cap Rate 9%
$501,889
$501.9K
Market Conditions
NOI Build-Up for 4,116 SF
Gross rent
$70.6K $17.16/SF
− Vacancy
−$6.1K −$1.48/SF
EGI
$64.5K $15.68/SF
− OpEx
−$19.4K −$4.70/SF
NOI
$45.2K $10.97/SF
Area
Jefferson County, LA
Vacancy
8.64%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,400
Cap Rate 7%
$645,286
Cap Rate 9%
$501,889
Alternative Uses
Best Use
Multifamily LT 5
$645.3K
$564.6K – $752.8K
NOI $45,170 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$603.2K
$527.8K – $703.8K
NOI $42,226 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$1.09M
$950.2K – $1.27M
NOI $76,014 @ 7.0% cap · market cap 15.23%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,975
Businesses Nearby
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Business Placement
Demographics for 70053, LA
16,509
Population
7,865
Households
2.1
Avg Household Size
39
Median Age
24%
College-Educated
75%
High-School Grad
3.4 sq mi
ZIP Area
4,856
Density / Sq Mi
$43,786
Median Household Income
$31,667
Median Earnings
$1,017
Median Rent
$225,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Jefferson County, LA
Properties on Market for Triplexes in Jefferson County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three currently leased residences offer a mix of two- and three-bedroom layouts and separate electric meters.
Where is this triplex located?
The property is located at 510 Lafayette Street Gretna, LA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three units with bedroom/bathroom mixes of 3/2, 2/1, and 3/2; All three residences are currently rented; 4,116 square feet on a 0.1‑acre parcel
