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    261 Jules Ave Jefferson, LA 70121

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    For Sale
    $6,575,000

    Fully renovated, 100% occupied multifamily property near Ochsner Medical Center.

    Property size:
    21,000 SF

    Property Features for 261 Jules Ave

    General Information

    Size
    21,000 SF

    Building Details

    Year built
    1960

    Source: Michael Bucher Agent Michael Bucher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Jefferson Multifamily Property Near Ochsner

    This fully stabilized multi-family property is located in Jefferson, Louisiana, within easy reach of Downtown New Orleans, Elmwood, and the Old Metairie and Veterans Avenue business districts. The property is situated 2.5 blocks from Ochsner's main hospital on Jefferson Hwy, making it an attractive location for Ochsner's workforce. Nearby points of interest include the Jefferson Performing Arts Society, Veteran's Memorial Square, and numerous parks. The property features 37 units and is 100% occupied. The 3-story building includes an elevator. A full renovation was completed in 2022. On-site amenities include parking and laundry facilities. The property has experienced 24% revenue growth in 2024. The property is in a growing Jefferson Parish submarket, and revenue growth is expected to accelerate when Ochsner's children's hospital and neuroscience center are complete. The property size is 21000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Studio Arms II ... Apartment Building Studio Arms Apartments Apartment Complex MOVING KING, LLC Mover

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.140398
    Latitude
    29.961556

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    FAQs

    What type of property is this?
    Apartment building - Fully renovated, 100% occupied multifamily property near Ochsner Medical Center.
    Where is this apartment building located?
    The property is located at 261 Jules Ave Jefferson, LA.
    What is the asking price?
    The asking price for this property is $6,575,000.
    What are key features of this property?
    This property features: - 100% Occupancy in a High-Demand Location; - Anchored by Ochsner Medical Center, providing a stable tenant base; - Significant Revenue Growth: 24% revenue growth in 2024
    (703) 304-5335
    Request Owner's contact information
    261 Jules Ave Jefferson, LA 70121
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    Jefferson, LA 70121
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    261 Jules Ave Jefferson, LA 70121
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