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3300 Garden Oaks Dr
3300 Garden Oaks Dr, New Orleans, LA 70114
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Overview
- Desirable Location
- The property has a bus stop on New Orleans Regional Transit Authority routes 114A and 114B, facilitating easy travel to downtown New Orleans, the Smoothie KingCenter and Superdome, Tulane Medical Center, and Oakwood Center
- Just a few blocks from General De Gaulle Drive, the main commercial thoroughfare ofthe West Bank neighborhood featuring dozens of shops and restaurants
- Conveniently situated within one mile of grocers including Walmart Supercenter,ALDI, and Rouses Market
- Only an 18-minute drive from Lakeside Shopping Center, which houses majorretailers like Dillard’s, Macy’s, Abercrombie & Fitch, DICK’S Sporting Goods, Express,GameStop, and more
- Within a 22-minute drive to Louis Armstrong New Orleans International Airport,which offers non-stop service to more than 50 destinations via 15 commercial airlines
- Property Features
- A mix of studio, one-, two-, and three-bedroom units featuring a balcony or patio, LVPfloors, air conditioning, and in-unit washer and dryer connections in select units
- Community amenities include gated access, a courtyard, barbecue and picnic area,playground, and leasing office
- Recent capital expenditures include new roofs in 2022 as well as exterior painting ofthe front building and replacement of all exterior lights in 2025
- Investment Highlights
- Market rate asset with meaningful operations upside
- • LIHTC conversion opportunity allows for major rehab
- Rent transparency between market rate and LIHTC allows for multiple ownership executions
- Market driven yield expectations allow for attractive leveraged returns during hold period
- Attractive IRR for investor completing repositioning of the asset Property Features •
- A mix of studio, one-, two-, and three-bedroom units featuring a balcony or patio, LVP floors, air conditioning, and in-unit washer and dryer connections in select units
- Community amenities include gated access, a courtyard, barbecue and picnic area, playground, and leasing office
- Recent capital expenditures include new roofs in 2022 as well as exterior painting of the front building and replacement of all exterior lights in 2025
For Sale
Multifamily
- Sale Price
- $7,110,000
- Price Per SF
- $83.93/SF
- Building Size
- 84,712 SF
- Acres
- 3.7175 ac
- Zoning
- S-RM1
- Zoning Desc.
- Suburban Multifamily Residential District
- Building Name
- The Banks Apartments
- Floors
- 2
- Year Built
- 1973
- Parking Ratio
- 1.72 / 1,000
- Parking Spaces
- 200
- Nearest MSA
- New Orleans-Metairie
- Property Use Type
- Investment
- Property Status
- Existing
- Avg. Occupancy
- 89%
- Total Units
- 116
- Parish
- Orleans
- Available
- 03/09/2026
- Listed
- 03/09/2026
- Updated
- 03/09/2026
- Listing ID
- ef997b90
- Parcel APN
- 513615109