$2,800,000
Active 2
Beds
1
Baths
62,685
SqFt
1981
Built
*Seller open to Bond for Deed with 25% down, terms negotiable* Situated in the heart of the New Orleans East neighborhood, this 65-unit apartment complex offers a prime workforce and affordable housing investment opportunity with value-add potential by leasing last remaining vacant/rent ready units and repairing 3 down units. The portfolio consists of two well-positioned properties: 8019 Trapier, encompassing 48 units, and 9500 Hayne, comprising 17 units. The buildings can be purchased together or separately as a 48 and 17 unit complex. Will produce over $60,000 per month in gross rental income once fully leased and stabilized. Owners have completed all outstanding repairs since original list date (except for 3 down units they are not repairing) and currently in the midst lease-up, the occupancy went from 48% to 74% in a matter of months.
*Seller open to Bond for Deed with 25% down, terms negotiable* Situated in the heart of the New Orleans East neighborhood, this 65-unit apartment complex offers a prime workforce and affordable housing investment opportunity with value-add potential by leasing last remaining vacant/rent ready units and repairing 3 down units. The portfolio consists of two well-positioned properties: 8019 Trapier, encompassing 48 units, and 9500 Hayne, comprising 17 units. The buildings can be purchased together or separately as a 48 and 17 unit complex. Will produce over $60,000 per month in gross rental income once fully leased and stabilized. Owners have completed all outstanding repairs since original list date (except for 3 down units they are not repairing) and currently in the midst lease-up, the occupancy went from 48% to 74% in a matter of months.
SAVINGS CALCULATOR
$56,000
If listed with 1 Percent Lists
Estimated savings vs. a traditional 3% listing commission.
MORTGAGE CALCULATOR
$14,158
Estimate only — not a loan offer. Consult a lender for actual terms.
LISTING SNAPSHOT
Price$2,800,000
Bedrooms2
Full Baths1
Half Baths0
Inside Area (SqFt)62,685 sqft
Lot Size1.75 Acres
Year Built1981
MLS® NumberN/A
StatusActive
Property TaxN/A
HOA/Condo/Coop FeesN/A
Listing courtesy of Bridgewater Realty Advisors, LLC
About this office
Listings on this page are served for 1 Percent Lists.
Comps
Want to see Our Guess?
Create a free account to unlock our estimated value for this home, based on the comps below.
Based on $95/sqft in this area
Most Similar
7130 NEPTUNE Court
New Orleans, LA 70126
Sold $370,00009/04/2026
- Square Footage+$5,618,476
- Bedrooms−$57,143
- Bathrooms+$2,857
- Garage$0
- Lot Size+$1,370,294
- Market Trend−$2,065
Adjusted Price$7,302,419
8038 LACOMBE Street
New Orleans, LA 70127
Sold $290,00007/27/2026
- Square Footage+$5,571,714
- Bedrooms−$85,714
- Bathrooms−$5,714
- Garage$0
- Lot Size+$1,567,125
- Market Trend+$23,833
Adjusted Price$7,361,244
10680 LINCOLN BEACH Boulevard
New Orleans, LA 70127
Sold $290,00007/27/2026
- Square Footage+$5,571,714
- Bedrooms−$85,714
- Bathrooms−$5,714
- Garage$0
- Lot Size+$1,567,125
- Market Trend+$23,833
Adjusted Price$7,361,244
Similar Listings Nearby
Active
$2,800,000
909 URSULINES Avenue, New Orleans, LA 70116
Active
$2,800,000
5033 FRERET Street, New Orleans, LA 70115
Active
$2,800,000
8019 TRAPIER Avenue, New Orleans, LA 70127
Active
$2,700,000
2 CANAL Street 2507, New Orleans, LA 70130
Active
$2,850,000
3 BAMBOO Road, New Orleans, LA 70124
Active
$2,795,000
1905 S CARROLLTON Avenue, New Orleans, LA 70118