Investment Opportunity: 84-unit Apartment Complex in heart of Metairie, LA
3115 Cleary Ave, Metairie, LA 70002

Overview
Prime investment opportunity in the heart of Metairie, LA:
The Cleary Apartments, an 84-unit multifamily complex comprised entirely of spacious two-bedroom, one-bath units. Strategically located in the Veterans Blvd corridor minutes from I-10 and major economic corridors, this property offers consistent tenant demand in one of the most stable and sought-after rental markets in the region. The asset benefits from strong fundamentals, including a proven rent roll, strong occupancy, and potential for value-add upgrades to further enhance returns. With its central location near retail, dining, and employment hubs, the Cleary Apartments are positioned to deliver both immediate cash flow and long-term appreciation. This is an exceptional opportunity for investors seeking a solid-performing asset with scalability and enduring market appeal. Please do not disturb tenants or visit the property without an appointment.
Review the attached Sales Brochure and complete & sign the CA to obtain financial data, or contact me to discuss.
Attachments
For Sale
Secondary Uses: Garden Center
- Sale Price
- $6,928,000
- Price Per SF
- $85.9/SF
- Building Size
- 80,688 SF
- Acres
- 2.116 ac
- Zoning
- R3
- Zoning Description
- Multiple Family Residential District
- Sale Terms
- Cash to Seller
- Building Class
- C
- Number of Buildings
- 6
- Floors
- 2
- Year Built
- 1982
- Year Renovated
- 2007
- Construction Siding
- Brick
- Construction Type
- Masonry
- Submarket
- Airport-Metairie-Kenner
- Submarket Type
- Suburban
- Nearest MSA
- New Orleans
- Property Use Type
- Investment
- Property Status
- Existing
- Total Units
- 84
- Laundry
- In Each Unit
- County
- Jefferson Parish
- Created
- 12/09/2024
- Updated
- 12/12/2025
- Listing ID
- 52cda5cd
- Parcel APN
- 820007841










