Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Jefferson Triplex: Investor Opportunity Title is generated by Realmo AI

    661 663 663 1/2 St. George Avenue, Jefferson, LA 70121

    View on Map
    Claim this Listing
    For Sale
    $149,900

    Residential Multi Family, Other - Jefferson, LA

    Property size:
    1,692 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $88/SF
    Added:
    May 12, 2026
    Days on Market:
    11
    Last Refresh:
    May 22 at 10:06 pm

    Property Features for 661 663 663 1/2 St. George Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Standard status
    Active
    Size
    1,692 SF
    Lot size
    0.16 Acres

    Building Details

    Year built
    1952
    Architectural style
    Other

    We can help!

    Listing Contact
    Tiffany Pierce
    Tiffany Pierce

    Listing agent Tiffany Pierce License #0995690072,PersonLicenseNumber

    Listing office NextHome Real Estate Professionals 101 W. Thomas St., LA

    Listing date May 12, 2026

    MLS# 2557889 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Opportunity to create three income‑producing rental units.
    • Highly convenient location near Ochsner Medical Center, Elmwood shopping and dining, Downtown New Orleans, and Uptown.
    • Strong rental potential due to proximity to amenities, hospitals, restaurants, and entertainment.
    • Investor special with potential for significant value increase through renovation.
    • Suitable for investors, contractors, or buyers seeking a renovation project.
    • Property built in 1952.

    Overview

    This triplex presents an investor special with substantial renovation potential. The property offers an opportunity to create three income-producing units. The property requires substantial repairs and is being sold as-is. The 1692 square-foot property is located in Jefferson, LA, and sits on a 0.16-acre lot. The location provides easy access to Ochsner Medical Center, Elmwood shopping and dining, Downtown New Orleans, and Uptown. This property offers strong rental potential with convenient access to major amenities, hospitals, restaurants, and entertainment. With renovation, this property could become a long-term investment opportunity with multiple streams of rental income.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Jefferson
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.175239
    Latitude
    29.953932

    Nearby Similar for Sale

    • $249,000
      1,346 SF

      Updated Duplex in Old Jefferson

      Updated duplex near Jefferson Highway, ideal for owner-occupancy or investment.
      2913 HAWKSTON Street, Jefferson, LA 70121
      View Details
    • $475,000
      6,064 SF

      6,064 SF Two-Story Building

      Two-story building near St. Agnes Church, suitable for various uses.
      508 Shrewsbury Court, Jefferson, LA 70121
      View Details
    • $350,000
      2,423 SF

      Old Jefferson Multifamily Income Property

      Income-producing property in a charming, quiet neighborhood near Jefferson Park.
      237 VINET Avenue, Jefferson, LA 70121
      View Details
    • $229,000
      1,202 SF

      Income-Producing Triplex in Jefferson, LA

      Fully rented triplex near Elmwood Shopping Center. Great investment opportunity.
      16 HAWKINS Avenue, Jefferson, LA 70121
      View Details
    • $6,575,000
      21,000 SF

      Jefferson Multifamily Property Near Ochsner

      Fully renovated, 100% occupied multifamily property near Ochsner Medical Center.
      261 Jules Avenue, Jefferson, LA 70121
      View Details
    • $299,000
      2,000 SF

      Jefferson Fourplex Near Ochsner Campus

      Four-unit property near Ochsner, offering income potential.
      344 Betz Avenue, Jefferson, LA 70121
      View Details
    • $240,000

      Jefferson Highway Retail Investment

      Retail property for sale with existing lease in place.
      3805 JEFFERSON Highway, Jefferson, LA 70121
      View Details
    • $320,000
      1,450 SF

      Renovated Multifamily Property Near Medical Center

      Renovated multifamily property near Jefferson Ochsner Medical Center.
      2916-18 Andover Street, Jefferson, LA 70121
      View Details
    • $2,895,000
      28,924 SF

      Turnkey Apartment Complex Near Ochsner

      Apartment complex near Ochsner with stable rental demographics.
      251 Barry Ave, Jefferson, LA 70121
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex in Jefferson, LA, ready for renovation with income potential.
    Where is this triplex located?
    The property is located at 661 663 663 1/2 St. George Avenue Jefferson, LA.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Opportunity to create three income‑producing rental units.; Highly convenient location near Ochsner Medical Center, Elmwood shopping and dining, Downtown New Orleans, and Uptown.; Strong rental potential due to proximity to amenities, hospitals, restaurants, and entertainment.
    (985) 969-1518
    We can help!
    Listing Contact
    Tiffany Pierce
    Tiffany Pierce
    Real Estate License ID: 0995690072,PersonLicenseNumber
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    661,663,663 1/2 St. George Avenue, Jefferson, LA 70121
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!