507 & 509 23RD STREET, Monroe, LA 71201

Building Details

Year built

1952

Number of units

9

Building materials

Vinyl Siding

Roof type

Asphalt, Shingle

Architectural style

Other

Listing agent Joshua Roberts Show Phone

Listing office Keller Williams Parishwide Partners 1390 Hudson Lane, Monroe, LA Show Phone

Listing date Apr 10, 2026

Report an issue

MLS# 218900 Listing URL

Copyright © 2026 Northeast Louisiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

This for-sale multi-unit residential income property is comprised of nine units located at 507 & 509 23rd Street. The offering is positioned as a value-oriented investment where the units may require some TLC prior to being occupied.

The property is in Monroe, Louisiana (71201), with two street addresses included in the listing: 507 and 509 23rd Street. Prospective owners should plan to evaluate the existing condition of the units and confirm the current status of occupancy and turn readiness during due diligence.

For investors or owner-operators seeking a straightforward multi-unit asset, the 9-unit configuration can support a hands-on approach to renovation and tenant placement. With the right scope of updates, a new owner can work toward stabilizing the units for rental use. This is best suited for buyers comfortable underwriting renovation needs and managing leasing activity across multiple units.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Monroe

County

Ouachita

State

Louisiana

Longitude

-92.094406

Latitude

32.510369

Nearby Similar for Sale

• 

  $299,000

  2,815 SF

  Five-Suite Office Building

  Five-office-suite building with four suites leased and structured layouts featuring private offices, reception areas, and restrooms.

  2105 Justice St, Monroe, LA 71201

  View Details
• 

  $699,900

  Renovated Office/Warehouse Building

  Move-in ready office and light warehouse setup with multiple private offices, conference rooms, and updated building systems.

  2501 NEWCOMBE STREET, Monroe, LA 71201

  View Details
• 

  $265,000

  2,555 SF

  Single-Tenant Office Building

  Well-maintained professional office building with eight private offices, breakroom, and three restrooms.

  1859 Avenue Of America, Monroe, LA 71201

  View Details
• 

  $1,250,000

  Rail-Served Warehouse with Office

  Rail spur loading doors and dedicated office space support distribution, manufacturing, or flex industrial operations.

  2920 COMMERCE STREET, Monroe, LA 71201

  View Details
• 

  $500,000

  Climate-Controlled Storage Facility

  For sale climate-controlled storage with 39 units near I-20 for convenient access in Monroe, Louisiana.

  606 5TH STREET, Monroe, LA 71201

  View Details
• 

  $294,500

  Freestanding Professional Office Building

  Freestanding office building with flexible private office layout, reception area, conference space, and ample on-site parking.

  2910 EVANGELINE STREET, Monroe, LA 71201

  View Details
• 

  $268,800

  Turnkey Office Suite with Reception

  Move-in-ready office space with private offices, a reception area, conference room, kitchenette, and on-site parking.

  2901 EVANGELINE STREET, Monroe, LA 71201

  View Details
• 

  $900,000

  Versatile Office and Showroom Building

  Highly visible building with private offices, showroom-style reception, and a fenced outdoor area for flexible operations.

  1000 LOUISVILLE AVENUE, Monroe, LA 71201

  View Details
• 

  $138,000

  8,720 SF

  Monroe Office and Warehouse Property

  Office and warehouse property on 0.47 acres in Monroe, LA.

  2801 Desiard Street, Monroe, LA 71201

  View Details
• 

  $950,000

  Clear-Span Industrial Warehouse with Yard

  Clear-span warehouse with drive-through access, roll-up doors, and a fenced concrete yard for equipment and logistics operations.

  8680 FRONTAGE ROAD, Monroe, LA 71203

  View Details
• 

  $1,095,000

  Institutional Facility for Multiple Uses

  Reposition an institutional building with classroom, office, and kitchen spaces plus a secured yard, under flexible R-4 zoning.

  1411 SHERROUSE AVENUE, Monroe, LA 71203

  View Details
• 

  $399,900

  Five-Suite Office Building in Business Park

  Well-maintained multi-suite office building with two leased suites and three additional spaces for occupancy or leasing.

  506 31ST STREET, Monroe, LA 71201

  View Details

FAQs

What type of property is this?

Apartment building - For sale multi-unit residential property with 9 units, offering a renovation-and-occupancy path for new ownership.

Where is this apartment building located?

The property is located at 507 & 509 23RD STREET Monroe, LA.

What is the asking price?

The asking price for this property is $99,000.

What are key features of this property?

This property features: Multi‑unit investment property with 9 units; Year built: 1952; Vinyl siding exterior