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9-Unit Apartment Building
For Sale
$99,000

507 & 509 S 23RD STREET, Monroe, LA 71201

RESIDENTIAL INCOME, Monroe, LA

Property SizeContact for details
Days on Market170

Property Features for 507 & 509 S 23RD STREET

General Information

Property type Residential Multi Family
Property subtype Other
Exterior features Gravel Drive, Paved Street
Subdivision RENWICK ADDN
Directions Highway 165 South, turn right onto Louberta Street, go straight at the stop sign onto Calypso Street, turn left onto S 23rd Street.
Standard status Active
APN 19099

Taxes and HOA fees

Tax Description LOTS 3, 3-A, & 4 SQ 8 RENWICK ADDN
Legal Description LOTS 3, 3-A, & 4 SQ 8 RENWICK ADDN

Utilities

Water source Public

Building Details

Year built 1952
Number of units 9
Roof type Shingle
Listing Agency: Keller Williams Parishwide Partners · Keller Williams Realty
Listed By: Joshua Roberts
Added: Apr 10 Changed: Sep 9 Last Checked: Sep 26 at 4:06PM
MLS# 218900

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.

Investment Insights

Based on property information with market context.

This apartment property includes 9 units across the buildings at 507 and 509 S 23rd Street. Constructed in 1952, the asset is identified as requiring TLC, offering a renovation-oriented multifamily configuration for an owner or operator.

The property is served by public water and features a shingle roof, gravel drive, and paved street access. It is located in Monroe, Louisiana, within ZIP Code 71201.

Key Highlights

  • 9‑unit apartment property at 507 and 509 S 23rd Street
  • Built in 1952
  • Public water service

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Bakery Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

238
Businesses Nearby

Demographics for 71201, LA

21,565
Population
10,352
Households
2.1
Avg Household Size
39
Median Age
43%
College-Educated
92%
High-School Grad
14.9 sq mi
ZIP Area
1,447
Density / Sq Mi
$53,538
Median Household Income
$44,262
Median Earnings
$882
Median Rent
$247,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment property with public water, shingle roofing, and access from a paved street.
Where is this apartment building located?
The property is located at 507 & 509 S 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: 9‑unit apartment property at 507 and 509 S 23rd Street; Built in 1952; Public water service
More about this property
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