Triplex with Backyard
For Sale
$269,900
616 LEBEAU Street, Arabi, LA 70032
Multifamily, Arabi, LA
Property Size2,055 SF
Lot Size0.14 Acres
Price / SF$131.34
Days on Market46
Property Features for 616 LEBEAU Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Parking features
Driveway
Standard status
Active
APN
201000500003
Size
2,055 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
LOT 3 SQ. 5 GREEN ACRES SUB 50X120=6000
Legal Description
LOT 3 SQ. 5 GREEN ACRES SUB 50X120=6000
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Amenities
gourmet kitchen
claw foot soaking tub
large yard
gazebo
Building Details
Year built
1961
Number of units
3
Building materials
HardiPlank Type
Architectural style
Other
Buildings
1
Listing Agency:
Amanda Miller Realty, LLC
(504) 302-4610
Listed By:
Amanda Craft Miller · License #995687438
(504) 250-0059
Added: Sep 11
Changed: Oct 24
Last Checked: Oct 26 at 8:06AM
MLS# 2576833
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.
This triplex property contains 2,055 square feet and was built in 1961. Interior finishes include light wood-tone flooring and white-painted walls. One unit has white kitchen cabinetry and counters, plus a bathroom with a claw-foot soaking tub, mosaic floor tile, and subway-tile walls. The backyard includes a gazebo, and the lot measures 0.1377 acres.
The property is in Flood Zone X. Public water and sewer are available, along with natural gas. Window-unit cooling and driveway parking are also listed. Utilities are paid by the owner and included in rental amounts.
The property is in Flood Zone X. Public water and sewer are available, along with natural gas. Window-unit cooling and driveway parking are also listed. Utilities are paid by the owner and included in rental amounts.
Key Highlights
- 2,055 square feet on a 0.1377‑acre lot
- Built in 1961; located in Flood Zone X
- Unit A features white kitchen cabinets and counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,552
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,040
$451.0K
Cap Rate 7%
$322,171
$322.2K
Cap Rate 9%
$250,578
$250.6K
Market Conditions
NOI Build-Up for 2,055 SF
Gross rent
$35.3K $17.16/SF
− Vacancy
−$3.0K −$1.48/SF
EGI
$32.2K $15.68/SF
− OpEx
−$9.7K −$4.70/SF
NOI
$22.6K $10.97/SF
Area
St. Bernard County, LA
Vacancy
8.64%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,040
Cap Rate 7%
$322,171
Cap Rate 9%
$250,578
Alternative Uses
Best Use
Multifamily LT 5
$322.2K
$281.9K – $375.9K
NOI $22,552 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$301.2K
$263.5K – $351.4K
NOI $21,082 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$542.2K
$474.4K – $632.5K
NOI $37,952 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
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Business Placement
Demographics for 70032, LA
4,533
Population
2,160
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
2,267
Density / Sq Mi
$52,500
Median Household Income
$45,463
Median Earnings
$998
Median Rent
$212,400
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 - A backyard gazebo and natural gas availability add practical features to the property.
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 $269,900.
What are key features of this property?
This property features: 2,055 square feet on a 0.1377‑acre lot; Built in 1961; located in Flood Zone X; Unit A features white kitchen cabinets and counters
