Cottage-Style
For Sale
$550,000
568 CENTRAL Avenue, Jefferson, LA 70121
Multi-Family, Cottage, Jefferson, LA
Property Size2,026 SF
Lot Size0.34 Acres
Price / SF$271.47
Days on Market199
Property Features for 568 CENTRAL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Lot features
Irregular, Oversized
Standard status
Active
APN
0700000078
Size
2,026 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
LOT 8A SQ 1 SUB #2 SUBURBAN ACRES
Legal Description
LOT 8A SQ 1 SUB #2 SUBURBAN ACRES
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Ductless, Window Unit(s), Wall Unit(s)
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Number of units
3
Roof type
Shingle
Architectural style
Cottage
Listing Agency:
Keller Williams Realty New Orleans
(504) 862-0100
Listed By:
Cody Caudill · License #995698878
(504) 534-5654
Added: Feb 23
Changed: Sep 6
Last Checked: Sep 10 at 6:06AM
MLS# 2543613
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.
This cottage-style triplex property includes three existing structures that currently generate rental income. The improvements total 2026 square feet and were built in 1976, with shingle roofing, heat-pump heating, and a combination of ductless, window, and wall-unit cooling. Public water serves the property, and off-street parking is provided.
The 0.3444-acre parcel is located on Central Avenue in Jefferson, Louisiana. The property information identifies potential commercial and residential zoning options, while the rear portion is described as available for possible future build-out. Existing rental operations allow continued occupancy while longer-term site planning is evaluated.
The 0.3444-acre parcel is located on Central Avenue in Jefferson, Louisiana. The property information identifies potential commercial and residential zoning options, while the rear portion is described as available for possible future build-out. Existing rental operations allow continued occupancy while longer-term site planning is evaluated.
Key Highlights
- Three existing structures currently produce rental income
- 2026 square feet of improvements on a 0.3444‑acre lot
- Cottage architectural style with shingle roofing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,654
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$513,080
$513.1K
Cap Rate 7%
$366,486
$366.5K
Cap Rate 9%
$285,044
$285.0K
Market Conditions
NOI Build-Up for 2,026 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.1K $19.80/SF
− Vacancy
−$3.5K −$1.71/SF
EGI
$36.6K $18.09/SF
− OpEx
−$11.0K −$5.43/SF
NOI
$25.7K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$513,080
Cap Rate 7%
$366,486
Cap Rate 9%
$285,044
Alternative Uses
Best Use
Multifamily LT 5
$366.5K
$320.7K – $427.6K
NOI $25,654 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$336.9K
$294.8K – $393.0K
NOI $23,580 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$514.9K
$450.6K – $600.8K
NOI $36,046 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 70121, LA
11,523
Population
6,415
Households
1.8
Avg Household Size
46
Median Age
36%
College-Educated
88%
High-School Grad
3.3 sq mi
ZIP Area
3,492
Density / Sq Mi
$59,029
Median Household Income
$40,151
Median Earnings
$1,113
Median Rent
$237,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three existing rental structures offer income-producing residential space with off-street parking.
Where is this triplex located?
The property is located at 568 CENTRAL Avenue Jefferson, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three existing structures currently produce rental income; 2026 square feet of improvements on a 0.3444‑acre lot; Cottage architectural style with shingle roofing
