Affordable Multifamily Apartment
For Sale
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419 Emerald Trace Drive, Ruston, LA 71270
Built in 1999, the property features 72 units with on-site laundry, a playground, and ample parking.
Property Size53,312 SF
Days on Market154
Property Features for 419 Emerald Trace Drive
General Information
Standard status
Active
Size
53,312 SF
Property subtype
Multifamily
Occupancy
94%
Additional Details
Highway Access
Yes
Multifamily Units
72
Building Details
Building Size
53,312 SF
Year Built
1999
Listing Agency:
(614) 551-0708
Listed By:
Andrew Mulhall
(614) 551-0708
Source:
Svn
Added: Apr 1
Changed: Aug 31
Last Checked: Aug 31 at 2:44PM
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 Andrew Mulhall
Investment Insights
Based on property information with market context.
Emerald Trace Apartments is an affordable multifamily community built in 1999 offering two-, three-, and four-bedroom units with fully equipped kitchens and washer and dryer connections. Residents also have access to on-site laundry facilities, a playground, landscaped grounds, and ample parking. The property is professionally managed with 24-hour emergency maintenance.
The asset is located at 419 Emerald Trace Drive in Ruston, Louisiana, with convenient access to Interstate 20 and Ruston’s primary retail corridor. The surrounding area includes major employment centers such as Louisiana Tech University and the Northern Louisiana Medical Center.
The community totals 72 units with 53,312 rentable square feet and is currently reported at 94% occupancy. Over the past 12 months, average economic vacancy is stated at 4%. Ownership has invested approximately $327,000 in capital improvements, including new HVAC systems, LVP in roughly half of the units, and fiber optic installed in all units.
The asset is located at 419 Emerald Trace Drive in Ruston, Louisiana, with convenient access to Interstate 20 and Ruston’s primary retail corridor. The surrounding area includes major employment centers such as Louisiana Tech University and the Northern Louisiana Medical Center.
The community totals 72 units with 53,312 rentable square feet and is currently reported at 94% occupancy. Over the past 12 months, average economic vacancy is stated at 4%. Ownership has invested approximately $327,000 in capital improvements, including new HVAC systems, LVP in roughly half of the units, and fiber optic installed in all units.
Key Highlights
- 72‑unit multifamily property built in 1999 with 53,312 rentable SF
- Currently 94% occupancy; average economic vacancy over the past 12 months is 4%
- ~$327k in capital improvements, including new HVACs and LVP in roughly half of the units
Property Analytics
Property Profile
Current Use
Lease Details
72
Residential units
94%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 71270, LA
31,513
Population
14,238
Households
2.2
Avg Household Size
32
Median Age
40%
College-Educated
89%
High-School Grad
206.9 sq mi
ZIP Area
152
Density / Sq Mi
$37,599
Median Household Income
$23,883
Median Earnings
$819
Median Rent
$218,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1999, the property features 72 units with on-site laundry, a playground, and ample parking.
Where is this apartment building located?
The property is located at 419 Emerald Trace Drive Ruston, LA.
What are key features of this property?
This property features: 72‑unit multifamily property built in 1999 with 53,312 rentable SF; Currently 94% occupancy; average economic vacancy over the past 12 months is 4%; ~$327k in capital improvements, including new HVACs and LVP in roughly half of the units
