ID bb16c722
Investor Opportunity: 64-Unit Apartment Complex
For Sale
$4,825,000$153.67/SF$75,390.63/Unit
- Total Units
- 64
- Cap Rate
- 7.11%%
- Building Size
- 31,398 SF
- Lot Size
- 1.095 ac
- Parish
- Jefferson
- Days on Market
- 511
- Listed
- 05/07/2025
- Updated
- 08/13/2026

Overview
The Almond Tree Apartments are a strategically located 64-unit studio apartment property offering strong income potential and long-term upside in one of Jefferson Parish’s most resilient rental corridors. Situated on the edge of the thriving Elmwood Business Park, this asset benefits from consistent tenant demand driven by proximity to major employment hubs, national retailers, and regional transit routes. The all-studio unit mix caters to a growing demographic seeking affordability, convenience, and minimal-maintenance living.
· All New Hardie-Plank Exterior & Roof
· 7% + Cap Rate on CurrentOperations
· Efficient Property to Operate& Manage
· Long-Term Income & Rent
Growth Potential with limited studio inventory in the surrounding submarket and steady economic activity anchored by Elmwood’s commercial core, the Citrus Apartments represent a rare opportunity to acquire scale in a supply-constrained area. Investors will appreciate the property's stabilized performance, value-add potential through interior upgrades, and a favorable rental market that supports continued multifamily use. This is a compelling acquisition for investors focused on cash flow, market stability, and future appreciation in the Elmwood/Harahan submarket.
Please contact me for further info & to review financials.
Attachments
Additional Information
- City
- New Orleans
- State
- LA
- Zip Code
- 70123
- Secondary Uses
- Low Rise
- Zoning
- GO1
- Zoning Desc.
- General Office District
- NOI
- $343,000
- Sale Terms
- Cash to Seller
- Building Name
- Almond Tree Apartments
- Business Park
- Elmwood
- # of Buildings
- 1
- Floors
- 3
- Year Built
- 1985
- Year Renovated
- 2008
- Roof Type
- Hip
- Construction Siding
- Hardie Plank Siding
- Construction Type
- Framed
- Submarket
- Airport-Metairie-Kenner
- Nearest MSA
- New Orleans-Metairie
- Property Use Type
- Investment
- Property Status
- Existing
- Total Units
- 64
- Laundry
- Shared
- Parcel APN
- 700005694
- Listing ID
- bb16c722
- City
- New Orleans
- State
- LA
- Zip Code
- 70123
- Secondary Uses
- Low Rise
- Zoning
- GO1
- Zoning Desc.
- General Office District
- NOI
- $343,000
- Sale Terms
- Cash to Seller
- Building Name
- Almond Tree Apartments
- Business Park
- Elmwood
- # of Buildings
- 1
- Floors
- 3
- Year Built
- 1985
- Year Renovated
- 2008
- Roof Type
- Hip
- Construction Siding
- Hardie Plank Siding
- Construction Type
- Framed
- Submarket
- Airport-Metairie-Kenner
- Nearest MSA
- New Orleans-Metairie
- Property Use Type
- Investment
- Property Status
- Existing
- Total Units
- 64
- Laundry
- Shared
- Parcel APN
- 700005694
- Listing ID
- bb16c722
