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Investment Opportunity: 84-unit Apartment Complex in heart of Metairie, LA

3115 Cleary Ave, Metairie, LA 70002

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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

Multifamily

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