Fully Occupied 5-Unit Apartment
For Sale
$325,000
726 South Labarre Road, Jefferson, LA 70121
Five leased apartments include one two-bedroom and four one-bedroom units, with owner-provided water, sewer, and lawn maintenance.
Property Size2,507 SF
Price / SF$129.64
Days on Market509
Property Features for 726 South Labarre Road
General Information
Standard status
Active
Size
2,507 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Units
Unit Mix
1 x 2BR, 4 x 1BR
Multifamily Units
5
Amenities
Window Unit(s)
Other Heat
1
5
6
Asphalt
Slab: Traditional
Brick
Building Details
Year Built
1970
Listing Agency:
Compass
Listed By:
Monique Gros · License #000037989
(504) 460-4948
Source:
Compass
Added: Apr 12, 2025
Changed: Sep 2
Last Checked: Aug 30 at 6:48PM
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 Compass
Investment Insights
Based on property information with market context.
This five-unit apartment property in Jefferson includes one two-bedroom residence and four one-bedroom residences. All units are leased, and the building dates to 1970. Brick exterior construction, a traditional slab foundation, asphalt surfacing, window air-conditioning units, and other heat are among the existing property features.
Tenants supply their own refrigerators and window A/C units. The owner provides water, sewer, and lawn maintenance. The property is located on South Labarre Road in Jefferson, Louisiana, within minutes of Ochsner. The unit mix and current occupancy provide a straightforward multifamily configuration for an owner or operator evaluating a small apartment asset.
Tenants supply their own refrigerators and window A/C units. The owner provides water, sewer, and lawn maintenance. The property is located on South Labarre Road in Jefferson, Louisiana, within minutes of Ochsner. The unit mix and current occupancy provide a straightforward multifamily configuration for an owner or operator evaluating a small apartment asset.
Key Highlights
- All 5 units are currently leased
- Unit mix includes one 2‑bedroom and four 1‑bedroom apartments
- Built in 1970 with brick exterior construction
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
$29,179
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
8.98%
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%
$583,580
$583.6K
Cap Rate 7%
$416,843
$416.8K
Cap Rate 9%
$324,211
$324.2K
Market Conditions
NOI Build-Up for 2,507 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
$58.4K $23.28/SF
− Vacancy
−$5.3K −$2.12/SF
EGI
$53.1K $21.16/SF
− OpEx
−$23.9K −$9.52/SF
NOI
$29.2K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$583,580
Cap Rate 7%
$416,843
Cap Rate 9%
$324,211
Alternative Uses
Best Use
Apartment 5plus
$416.8K
$364.7K – $486.3K
NOI $29,179 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$637.2K
$557.6K – $743.4K
NOI $44,604 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,487
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five leased apartments include one two-bedroom and four one-bedroom units, with owner-provided water, sewer, and lawn maintenance.
Where is this apartment building located?
The property is located at 726 South Labarre Road Jefferson, LA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: All 5 units are currently leased; Unit mix includes one 2‑bedroom and four 1‑bedroom apartments; Built in 1970 with brick exterior construction
