Triplex Property with Rental
For Sale
$550,000
568 CENTRAL Avenue, Jefferson, LA 70121
Multifamily, Jefferson, LA
Property Size2,026 SF
Lot Size0.34 Acres
Price / SF$271.47
Days on Market242
Property Features for 568 CENTRAL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 3
Parking
3
Parking features
Off Street
Lot features
Irregular Lot
Standard status
Active
APN
0700000078
Size
2,026 SF
Lot size
0.34 Acres
Additional Details
Tenant in Place
Yes
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Wall Unit(s), Window Unit(s), Ductless
Water source
Public
Building Details
Year built
1976
Number of units
3
Building materials
Vinyl Siding
Architectural style
Cottage
Buildings
3
Listing Agency:
Keller Williams Realty NO
(504) 862-0100
Listed By:
Cody C Caudill · License #995698878
(504) 534-5654
Added: Feb 23
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2543613
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.
The property comprises three existing structures with a combined 2,026 square feet. Built in 1976, the buildings have vinyl siding and cottage-style architecture. Heating is provided by a heat pump, with wall, window, and ductless cooling systems. Off-street parking is available.
The 0.3444-acre parcel is served by public water and public sewer, with natural gas available. The existing structures currently generate rental income.
The 0.3444-acre parcel is served by public water and public sewer, with natural gas available. The existing structures currently generate rental income.
Key Highlights
- Three existing structures currently generate rental income
- 2,026 square feet of building area on 0.3444 acres
- Built in 1976 with vinyl siding and cottage‑style architecture
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,654
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three existing structures currently produce rental income on a 0.3444-acre parcel.
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 generate rental income; 2,026 square feet of building area on 0.3444 acres; Built in 1976 with vinyl siding and cottage‑style architecture
