84-Unit Apartment Complex in
For Sale
Contact for pricing
Pending
3101 Cleary Avenue, Metairie, LA 70001
Multifamily complex in prime location near retail and employment hubs.
Property Size80,688 SF
Days on Market170
Property Features for 3101 Cleary Avenue
General Information
Standard status
Pending
Size
80,688 SF
Class
C
Total Parking Spaces
98
Property subtype
Multifamily
Zoning
R-3; Multi-Family Residential District
Occupancy
85%
Investment Type
Value Add
Building Details
Year Built
1980
Year Renovated
2007
Buildings
6
Stories
2
Units
84
Listing Agency:
Don Randon Real Estate, Inc.
Listed By:
Randy Argote · License #LA
(504) 388-4669
Source:
Crexi
Added: Mar 17
Changed: Aug 26
Last Checked: Aug 29 at 11:10PM
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 Don Randon Real Estate, Inc.
Investment Insights
Based on property information with market context.
The Cleary Apartments is an 84-unit multifamily complex featuring spacious two-bedroom, one-bath units. The property is located in the Veterans Blvd corridor, minutes from I-10 and major economic areas. The location provides access to major New Orleans and Metairie employers, situated one block off Veterans Boulevard just north of I-10 between Lakeside Mall and the redeveloped Clearview City Center. The surrounding area includes numerous retailers and an average household income of $98,000+. The property maintains solid occupancy and strong rents. The complex offers potential for value-add upgrades. The property is debt free and primed for future rent growth due to limited supply in the area. The property is positioned to deliver cash flow and long-term appreciation. Metairie is a suburb of New Orleans with a culture, community, and real estate market. The real estate market in Metairie attracts families and professionals due to its proximity to New Orleans and amenities such as schools, parks, and shopping centers. There is a growing interest in the suburban area, leading to a demand for rental properties and homes for sale. Metairie offers a blend of suburban tranquility and urban convenience.
Key Highlights
- Prime location in Metairie, near Veterans Blvd, I‑10, Lakeside Mall, and Clearview City Center, providing easy access to major employers, retail, and dining.
- Strong rental market with consistent tenant demand.
- Value‑add opportunity to enhance returns through upgrades.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,931
Businesses Nearby
Explore this area
Business Placement
Demographics for 70001, LA
40,068
Population
19,103
Households
2.1
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
6.5 sq mi
ZIP Area
6,164
Density / Sq Mi
$70,187
Median Household Income
$43,662
Median Earnings
$1,145
Median Rent
$313,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily complex in prime location near retail and employment hubs.
Where is this apartment building located?
The property is located at 3101 Cleary Avenue Metairie, LA.
What is the asking price?
The asking price for this property is $6,928,000.
What are key features of this property?
This property features: Prime location in Metairie, near Veterans Blvd, I‑10, Lakeside Mall, and Clearview City Center, providing easy access to major employers, retail, and dining.; Strong rental market with consistent tenant demand.; Value‑add opportunity to enhance returns through upgrades.
