Renovated Triplex in Old
616 Lebeau Street Arabi, LA 70032
616 Lebeau Street, Arabi, LA, 70032
$279,900
For Sale
$279,900
Renovated triplex investment property in the Old Arabi Community.
Property Size2,055 SF
Price / SF$136.20
Days on Market235
Property Features for 616 Lebeau Street
General Information
- Standard status
- Active
- Size
- 2,055 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1961
Listing Agency
Amanda Miller Realty, LLC
(504) 250-0059
Listed by
Amanda Miller · License #995687438
(504) 250-0059
Source
Compass
Added: Nov 26, 2025 Checked: Jul 17 at 4:49 am
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 Amanda Miller Realty, LLC
Investment Insights
Based on property information with market context.
This renovated triplex is located in Old Arabi. The property is suitable as an investment property or for owner occupancy. All units feature light wood-colored floors and white paint. Unit A includes a kitchen with white cabinets and counters, and a bathroom with a claw foot soaking tub, mosaic flooring, and subway tiles. The property includes a large yard and gazebo. The property size is 2,055 square feet.
Key Highlights
- Renovated tri‑plex investment property in desired Old Arabi community.
- Unit A features a gourmet kitchen with white cabinets and counters.
- Unit A has a luxurious bathroom with claw foot soaking tub, mosaic flooring, and subway tiles.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.3k | $17.16 |
| − Vacancy | −$3.0k | −$1.48 |
| EGI | $32.2k | $15.68 |
| − OpEx | −$9.7k | −$4.70 |
| NOI | $22.6k | $10.97 |
2,055 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$322.2K
$281.9K – $375.9K
NOI $22,552 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$301.2K
$263.5K – $351.4K
NOI $21,082 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$542.2K
$474.4K – $632.5K
NOI $37,952 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Renovated triplex investment property in the Old Arabi Community.
Where is this triplex located?
The property is located at 616 Lebeau Street Arabi, LA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Renovated tri‑plex investment property in desired Old Arabi community.; Unit A features a gourmet kitchen with white cabinets and counters.; Unit A has a luxurious bathroom with claw foot soaking tub, mosaic flooring, and subway tiles.
