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6 Units | 100% Occupied | Seller Financing Offered | 3215 Dryades St

3215 Dryades St, New Orleans, LA 70115

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Overview

Seller Financing Available! Bridgewater Realty Advisors is pleased to present 3215 Dryades Street, a well-maintained six-unit multifamily property located in the desirable Central City neighborhood of New Orleans. The asset consists of six (6) one-bedroom, one-bathroom units, each offering a thoughtful blend of modern conveniences and comfortable, functional living space.

This property is ideally suited for investors seeking a true turnkey multifamily opportunity. The asset has historically maintained strong occupancy and offers upside potential through future rental rate growth, making it a compelling addition to a long-term investment portfolio.

Situated in a highly sought-after Central City submarket, the property provides stable cash flow and long-term security, with the added benefit of being acquired below replacement cost. Further enhancing its appeal, the offering includes attractive seller financing with 25% down, a 30-year amortization, a 3–5 year balloon, and a negotiable interest rate, positioning this investment as both resilient and flexible for qualified buyers.

Seller Financing Available!

For Sale

Multifamily
Investment
Sale Price
$580,000
Price Per SF
$187.5/SF
Cap Rate
7.84%
Building Size
3,094 SF
Acres
0.11 ac
Zoning
HU-RD2
Zoning Description
Historic Urban Two Family Residential District
Gross Income
$69,600
Net Operating Income
$45,480
Total Expenses
$20,640
Parking Spaces
5
Nearest MSA
New Orleans-Metairie MSA
Tax ID Number
412202904
Property Status
Existing
Average Occupancy Rate
100%
Total Units
6
Power Provider
Private - Entergy
Water Provider
City - SWBNO
Sewer Provider
City - SWBNO
County
Orleans Parish
Available
01/13/2026
Listed
01/13/2026
Updated
01/14/2026
Listing ID
49d9456a
Parcel APN
412202904