$2,450,000

Active

11900-50 LAKELAND Court

New Orleans, LA 70128

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Beds

46.5

Baths

34,100

SqFt

1980

Built

PRICE REDUCTION! $32,070 per month actual gross rental income! Price reduction! Lakeland Manor is a portfolio of eight (8) adjacent fourplex apartment buildings totaling 31 units, ideally located in a quiet cul-de-sac off Bullard Avenue in New Orleans East all situated within immediate proximity, creating a cohesive and easily managed community. An additional 4plex located at 8017 Bullard next door is also for sale for total of 35 units. Each building is a well-maintained two-story fourplex offering spacious floorplans and consistent rental demand. The layout of the portfolio, clustered around Lakeland Court with frontage on Bullard Avenue, provides operational efficiency for leasing, management, and maintenance. All buildings benefit from strong physical condition and stabilized occupancy with upside potential through rent growth.This portfolio offers a turnkey investment in a stable, income-producing multifamily asset ideally suited for both seasoned multifamily investors seeking a reliable return profile and investors looking to scale quickly in a proven submarket.

Each building is a well-maintained two-story fourplex offering spacious floorplans and consistent rental demand. The layout of the portfolio, clustered around Lakeland Court with frontage on Bullard Avenue, provides operational efficiency for leasing, management, and maintenance. All buildings benefit from strong physical condition and stabilized occupancy with upside potential through rent growth.This portfolio offers a turnkey investment in a stable, income-producing multifamily asset ideally suited for both seasoned multifamily investors seeking a reliable return profile and investors looking to scale quickly in a proven submarket.

SAVINGS CALCULATOR

$49,000

If listed with 1 Percent Lists

Estimated savings vs. a traditional 3% listing commission.

MORTGAGE CALCULATOR

$12,389

Estimate only — not a loan offer. Consult a lender for actual terms.

LISTING SNAPSHOT

Price$2,450,000

Bedrooms62

Full Baths31

Half Baths31

Inside Area (SqFt)34,100 sqft

Lot Size1.46 Acres

Year Built1980

MLS® Number2522884

StatusActive

Property TaxN/A

HOA/Condo/Coop FeesN/A

GENERAL

Acres1.46

Cross StreetHayne, Wales

DisclosuresCovenants, Conditions & Restrictions, Property As Is

FoundationSlab

ParkingDriveway, Off Street, Parking Lot

Property Sub TypeMulti Family

SecurityClosed Circuit Camera(s)

SewerPublic Sewer

SqFt Total34100

StyleTraditional

UtilitiesNatural Gas Not Available

Water SourcePublic

INTERIOR

CoolingCentral Air

HeatingCentral

Laundry FeaturesElectric Dryer Hookup, Washer Hookup

EXTERIOR

Construction DetailsBrick, Vinyl Siding

Lot FeaturesCul-De-Sac

PRICE & LISTING HISTORY

August 24, 2026$2,450,000

September 22, 2025Active

Listing courtesy of Bridgewater Realty Advisors (504-901-0463)

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