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    1314-1527 Southlawn Blvd New Orleans, LA 70114

    For Sale
    Contact for pricing

    76-unit apartment complex in Algiers neighborhood, renovated in 2019.

    Property size:
    86,159 SF

    Property Features for 1314-1527 Southlawn Blvd

    General Information

    Size
    86,159 SF

    Source: Henry Shortess Agent Henry Shortess

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

    Overview

    New Orleans Multifamily Investment Opportunity

    Gilmore Park Apartments is a 76-unit complex consisting of 25 buildings, totaling 86,159 square feet. Constructed in the early 1960s, the property underwent renovations in 2019. The grounds feature concrete paved parking and drives, signage, fencing, playgrounds, and landscaping with mature trees and open grass areas. Situated on the west bank of the Mississippi River in Metropolitan New Orleans, the property is located in the Algiers neighborhood. The neighborhood is bordered by the Mississippi River to the north and west, the Intercoastal Waterway to the east, and the Orleans/Jefferson Parish line to the south.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Orleans
    County
    Jefferson
    State
    Louisiana
    Longitude
    -90.0250513
    Latitude
    29.9412447

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    FAQs

    What type of property is this?
    Apartment building - 76-unit apartment complex in Algiers neighborhood, renovated in 2019.
    Where is this apartment building located?
    The property is located at 1314-1527 Southlawn Blvd New Orleans, LA.
    What are key features of this property?
    This property features: - Located in the Algiers neighborhood of Metropolitan New Orleans.; - Renovated in 2019.; - Consists of 76 units totaling 86,159 SF across 25 buildings.
    (225) 963-0115
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    1314-1527 Southlawn Blvd New Orleans, LA 70114
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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
    1314-1527 Southlawn Blvd New Orleans, LA 70114
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