Three-Unit Property with Fenced
For Sale
$470,000
5828 General Haig St, New Orleans, LA 70124
Triplex offering consistent two-bedroom, one-bath layouts, enclosed yard areas, and alley-accessed parking.
Property Size3,020 SF
Price / SF$155.63
Days on Market11
Property Features for 5828 General Haig St
General Information
Standard status
Active
Size
3,020 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
fenced yards
Listing Agency:
Century 21 Investment Realty
(985) 502-5952
Listed By:
Gwen Michon · License #000072144
(985) 502-5952
Source:
Exprealty
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 21 at 9:39AM
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 Century 21 Investment Realty
Investment Insights
Based on property information with market context.
Located at 5828 General Haig St in New Orleans, this triplex contains 3,020 square feet and three residential units. Each unit is configured with two bedrooms and one bathroom, creating a consistent layout across the property. The site also includes two fenced yards and off-street parking accessed from the alley.
The property is near Delgado, City Park, 6-10, and Lake Pontchartrain. Its three-unit configuration and shared site features provide a straightforward multifamily format for a buyer seeking a residential income property in Lakeview.
The property is near Delgado, City Park, 6-10, and Lake Pontchartrain. Its three-unit configuration and shared site features provide a straightforward multifamily format for a buyer seeking a residential income property in Lakeview.
Key Highlights
- Three‑unit multifamily property with 3,020 square feet
- All 3 units include 2 bedrooms and 1 bath
- Two fenced yards on the property
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
$38,241
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
8.14%
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%
$764,820
$764.8K
Cap Rate 7%
$546,300
$546.3K
Cap Rate 9%
$424,900
$424.9K
Market Conditions
NOI Build-Up for 3,020 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
$59.8K $19.80/SF
− Vacancy
−$5.2K −$1.71/SF
EGI
$54.6K $18.09/SF
− OpEx
−$16.4K −$5.43/SF
NOI
$38.2K $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%
$764,820
Cap Rate 7%
$546,300
Cap Rate 9%
$424,900
Alternative Uses
Best Use
Multifamily LT 5
$546.3K
$478.0K – $637.4K
NOI $38,241 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$502.1K
$439.4K – $585.8K
NOI $35,149 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$767.6K
$671.6K – $895.5K
NOI $53,731 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Explore this area
Business Placement
Demographics for 70124, LA
22,777
Population
8,919
Households
2.6
Avg Household Size
37
Median Age
70%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,400
Density / Sq Mi
$121,318
Median Household Income
$66,323
Median Earnings
$1,752
Median Rent
$577,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex offering consistent two-bedroom, one-bath layouts, enclosed yard areas, and alley-accessed parking.
Where is this triplex located?
The property is located at 5828 General Haig St New Orleans, LA.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 3,020 square feet; All 3 units include 2 bedrooms and 1 bath; Two fenced yards on the property
