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91-Unit Apartment Community
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3420 Edenborn Ave, Metairie, LA 70002

FC2 zoning and completed interior updates accompany a vacant property with work remaining on its central cooling system.

Property Size86,495 SF
Days on Market47

Property Features for 3420 Edenborn Ave

General Information

Standard status Active
Size 86,495 SF
Property subtype Investment
Zoning FC2

Property Condition

Severity Repairs Needed
Evidence the central chiller must be replaced and the related electrical work completed

Additional Details

Highway Access Yes
Multifamily Units 91
Listing Agency: Beau Box Commercial Real Estate New Orleans
Listed By: Jordan Johnson · License #995683431
Source: Lacdb.resimplifi
Added: Aug 28 Changed: Oct 13 Last Checked: Oct 13 at 2:28AM

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 Beau Box Commercial Real Estate New Orleans

Investment Insights

Based on property information with market context.

The 86,495-square-foot apartment property contains 91 units and is currently vacant. Of those, 68 are ready for leasing, while 23 require additional work. Improvements already completed include exterior updates, hard-surface floors, and refreshed kitchens and bathrooms. Resuming leasing requires replacement of the central chiller and completion of associated electrical work; renovations also remain in some units. The property is zoned FC2.

At 3420 Edenborn Ave in Metairie, the community is near I-10, Causeway, and Veterans Boulevard. Lakeside Shopping Center, the Veterans Memorial Boulevard retail corridor, healthcare facilities, and employment centers in Metairie and New Orleans are also identified in the surrounding area. A separate 52-unit community, The Rylan, is 0.3 miles away and may be acquired as part of a package.

Key Highlights

  • 91 apartment units across 86,495 square feet
  • 68 units are rent‑ready; 23 units are down
  • Central chiller replacement and related electrical work are needed before leasing resumes

Property Analytics

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Current Use

The Maxwell Apartment Building

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Florist (Bike/Boat/Book/etc) Store Locksmith Fish Market

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

91
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,659
Businesses Nearby

Demographics for 70002, LA

19,857
Population
9,585
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
6,205
Density / Sq Mi
$65,576
Median Household Income
$50,983
Median Earnings
$1,128
Median Rent
$379,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - FC2 zoning and completed interior updates accompany a vacant property with work remaining on its central cooling system.
Where is this apartment building located?
The property is located at 3420 Edenborn Ave Metairie, LA.
What are key features of this property?
This property features: 91 apartment units across 86,495 square feet; 68 units are rent‑ready; 23 units are down; Central chiller replacement and related electrical work are needed before leasing resumes
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