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325-Unit Apartment Community
For Sale
$625,000

300 Military Rd, Slidell, LA 70461

Two connected phases offer one-, two-, and three-bedroom residences with shared recreational amenities.

Property SizeContact for details
Days on Market611

Property Features for 300 Military Rd

General Information

Standard status Active
Property subtype Land
Zoning A6
Net Operating Income $2,229,733

Additional Details

Cap Rate 5.57%
Multifamily Units 325

Amenities

pool
pickleball courts

Building Details

Year Built 1976
Year Renovated 2024
Listing Agency: Smith & Core, Inc
Listed By: David Holloway
Source: Lacdb.resimplifi
Added: Jan 13, 2025 Changed: Sep 8 Last Checked: Sep 16 at 12:45PM

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 Smith & Core, Inc

Investment Insights

Based on property information with market context.

This multifamily community contains 325 units across two neighboring phases. The apartment mix includes one-, two-, and three-bedroom floor plans, with residences averaging 859 SF. Individual features include walk-in closets and washer/dryer hookups. The property was built in 1976 and previously renovated in 2024.

Community amenities include a swimming pool and pickleball courts. The asset is located at 300 North Military Road in Slidell, Louisiana. Its 279205 property-size figure and unit count establish a substantial apartment-community footprint, while the varied floor plans provide multiple residential configurations within the same property.

Key Highlights

  • 325‑unit multifamily community comprising two neighboring phases
  • One-, two-, and three‑bedroom apartment layouts
  • Average unit size of 859 SF

Property Analytics

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Current Use

The Parks at Slidell Apartment Complex Cross Gates Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Hair Salon Electrical Service Law Firm Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

325
Residential units

Location Intelligence

Trade Area within ½ mile

358
Businesses Nearby

Demographics for 70461, LA

30,740
Population
12,900
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
89%
High-School Grad
53.5 sq mi
ZIP Area
575
Density / Sq Mi
$88,035
Median Household Income
$48,351
Median Earnings
$1,201
Median Rent
$267,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two connected phases offer one-, two-, and three-bedroom residences with shared recreational amenities.
Where is this apartment building located?
The property is located at 300 Military Rd Slidell, LA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 325‑unit multifamily community comprising two neighboring phases; One-, two-, and three‑bedroom apartment layouts; Average unit size of 859 SF
More about this property
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