507 & 509 S 23RD STREET Monroe, LA 71201

Building Details

Year built

1952

Number of units

9

Roof type

Shingle

Listing agency Keller Williams Parishwide Partners Show Phone

Listed by Joshua Roberts Show Phone

Added: Apr 10 Updated: Jun 30 at 8:23PM Checked: Jul 22 at 6:06AM

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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.

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Investment Insights

Based on property information with market context.

This for-sale multifamily property offers a total of 9 units across two addresses: 507 and 509 S 23rd Street. The listing indicates the units would benefit from some TLC, positioning the building for an owner-operator or investor looking to bring the property up to rent-ready condition.

The property is located in Monroe, Louisiana at S 23rd Street (71201). With two street-numbered entries, it may be suitable for investors who want a compact, manageable multifamily setup.

Given the stated need for TLC, this building may fit buyers who plan on making improvements and then stabilizing occupancy. The configuration of 9 units provides multiple income opportunities within a single multifamily asset, while still allowing the scope of work and unit-by-unit preparation to be handled at a practical scale. If you’re considering a smaller multifamily purchase in Monroe, this property is available for showings and review so you can assess condition, required work, and timeline firsthand.

Key Highlights

• 9‑unit investment property built in 1952
• Public water source
• Shingle roof

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FAQs

What type of property is this?

Apartment building - For sale 9-unit multifamily property with potential requiring some interior exterior TLC.

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 investment property built in 1952; Public water source; Shingle roof