Eight-Building Apartment
For Sale
$2,450,000
11930 Lakeland Ct, New Orleans, LA 70128
Two-story townhouse-style apartments with separate water and power metering across a clustered New Orleans East community.
Property Size43,100 SF
Price / SF$56.84
Days on Market344
Property Features for 11930 Lakeland Ct
General Information
Standard status
Active
Size
43,100 SF
Property subtype
Multifamily
Zoning
S-B1
Occupancy
97%
Financials
Cap Rate
7.9%
Gross Income
$384,840
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
31 x 2BR/1.5BA
Multifamily Units
31
Building Details
Buildings
8
Stories
2
Listing Agency:
Bridgewater Realty Advisors
(504) 298-5547
Listed By:
Mason McCullough · License #995696437
(504) 298-5547
Source:
Lacdb.resimplifi
Added: Sep 23, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bridgewater Realty Advisors
Investment Insights
Based on property information with market context.
This apartment portfolio comprises eight adjacent two-story fourplex buildings arranged around a cul-de-sac off Bullard Avenue. The residences feature townhouse-style layouts with 2 BR and 1.5 BA floorplans, and each unit measures 1,100 square feet. Most apartments have undergone some level of renovation, with the buildings described as being in good physical condition.
All units are separately metered for water and power, with tenants responsible for those utilities. The properties are positioned near Lakeland Court and include frontage on Bullard Avenue, creating a concentrated layout for leasing, management, and maintenance. The buildings are held across separate condominium tax parcels under the same ownership and are zoned S-B1.
All units are separately metered for water and power, with tenants responsible for those utilities. The properties are positioned near Lakeland Court and include frontage on Bullard Avenue, creating a concentrated layout for leasing, management, and maintenance. The buildings are held across separate condominium tax parcels under the same ownership and are zoned S-B1.
Key Highlights
- Eight adjacent two‑story fourplex apartment buildings
- 31 units with 2 BR and 1.5 BA layouts
- 1,100 sf townhouse‑style units
Property Analytics
Current Use
Lease Details
31
Residential units
97%
Occupancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 70128, LA
18,260
Population
8,609
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
3,804
Density / Sq Mi
$53,538
Median Household Income
$36,218
Median Earnings
$1,210
Median Rent
$220,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story townhouse-style apartments with separate water and power metering across a clustered New Orleans East community.
Where is this apartment building located?
The property is located at 11930 Lakeland Ct New Orleans, LA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Eight adjacent two‑story fourplex apartment buildings; 31 units with 2 BR and 1.5 BA layouts; 1,100 sf townhouse‑style units
