3-Unit
5321 Warrington Dr, New Orleans, LA 70122
For Sale
$180,000
Two residences sit at the front, with a detached third unit behind them.
Property Size1,686 SF
Price / SF$106.76
Days on Market43
Property Features for 5321 Warrington Dr
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Listing Agency:
AXIS Brokerage
(210) 310-3148
Listed By:
Jacob Delgado · License #0607813
(210) 861-2999
Source:
Exprealty
Added: Sep 26
Changed: Nov 5
Last Checked: Nov 6 at 11:44AM
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 AXIS Brokerage
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Investment Insights
Based on property information with market context.
This 1,686-square-foot triplex contains three separate one-bedroom, one-bathroom units. Two are positioned at the front of the property, while the third is a detached rear residence.
Located at 5321 Warrington Dr in New Orleans, the property offers a three-unit configuration across its front and rear buildings.
Located at 5321 Warrington Dr in New Orleans, the property offers a three-unit configuration across its front and rear buildings.
Key Highlights
- Three separate one‑bedroom, one‑bathroom units
- 1,686 square feet
- Two units at the front and one detached unit at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,172
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,440
$303.4K
Cap Rate 7%
$216,743
$216.7K
Cap Rate 9%
$168,578
$168.6K
Market Conditions
NOI Build-Up for 1,686 SF
Gross rent
$30.3K $18.00/SF
− Vacancy
−$2.8K −$1.64/SF
EGI
$27.6K $16.36/SF
− OpEx
−$12.4K −$7.36/SF
NOI
$15.2K $9.00/SF
Area
ZIP 70122
Vacancy
9.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,440
Cap Rate 7%
$216,743
Cap Rate 9%
$168,578
Alternative Uses
Best Use
Multifamily LT 5
$249.5K
$218.3K – $291.1K
NOI $17,467 @ 7.0% cap · market cap 9.70%
Second Best
Apartment 5plus
$216.7K
$189.7K – $252.9K
NOI $15,172 @ 7.0% cap · market cap 8.43%
Theoretical Best
Office A
$441.2K
$386.0K – $514.7K
NOI $30,882 @ 7.0% cap · market cap 17.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
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Business Placement
Demographics for 70122, LA
34,986
Population
17,131
Households
2
Avg Household Size
39
Median Age
37%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
5,553
Density / Sq Mi
$47,613
Median Household Income
$38,248
Median Earnings
$1,196
Median Rent
$274,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in New Orleans, LA
Properties on Market for Triplexes in New Orleans
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two residences sit at the front, with a detached third unit behind them.
Where is this triplex located?
The property is located at 5321 Warrington Dr New Orleans, LA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Three separate one‑bedroom, one‑bathroom units; 1,686 square feet; Two units at the front and one detached unit at the rear
