6 Units | 100% Occupied | Seller Financing Offered | 3215 Dryades St
3215 Dryades St, New Orleans, LA 70115

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!
Attachments
For Sale
- 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












