EXHIBIT 5
                        JAECKLE FLEISCHMANN & MUGEL, LLP
                         A T T O R N E Y S  A T  L A W

  FLEET BANK BUILDING   TWELVE FOUNTAIN PLAZA   BUFFALO, NEW YORK  14202-2292
                     TEL (716) 856-0600  FAX (716) 856-0432


                                April 30, 1999

Sizeler Property Investors, Inc.
2542 Williams Boulevard
Kenner, Louisiana  70062

Ladies and Gentlemen:

          Re:  Sizeler Property Investors, Inc.
               Registration Statement on Form S-3

          We have acted as counsel to Sizeler Property Investors, Inc. (the
"Company"), a Delaware corporation, in connection with the preparation and
filing with the Securities and Exchange Commission of a Registration Statement
on Form S-3 (the "Registration Statement"), covering 600,000 shares of common
stock, $0.01 par value per share, of the Company (the "Common Stock"), which
Common Stock will be sold pursuant to the terms and conditions of the Company's
Direct Stock Purchase and Dividend Reinvestment Plan substantially in the form
of Company's Direct Stock Purchase and Dividend Reinvestment Plan filed as
Exhibit 99 to the Registration Statement (the "Plan").

          We have examined such corporate records of the Company and other
documents as we have deemed necessary and appropriate under the circumstances to
furnish the following opinions:

          1.   The Company is a corporation duly organized and validly existing
under the laws of the State of Delaware.

          2.   When the Registration Statement has become effective under the
Securities Act of 1933, as amended, and the Common Stock has been sold and
delivered pursuant to the terms and conditions set forth in the Plan, the Common
Stock will be validly issued, fully-paid and non-assessable.

          We hereby consent to the filing of this letter as an exhibit to the
Registration Statement and we further consent to any and all references to our
name therein.

                              Very truly yours,


                              /S/ JAECKLE FLEISCHMANN & MUGEL, LLP