124-Unit Historic Apartment
For Sale
Contact for pricing
Pending
3980 Cambronne St, New Orleans, LA 70118
LIHTC-renovated multifamily housing asset near Mid-City with access to restaurants, retail, outdoor space, and public transportation.
Property SizeContact for details
Days on Market148
Property Features for 3980 Cambronne St
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
BWE Investment Sales
Listed By:
Michael Furrow · License #TX 681259
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 31 at 8:38AM
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 BWE Investment Sales
Investment Insights
Based on property information with market context.
Palmetto Apartments is a 124-unit apartment property originally constructed in 1944 for war workers. The community underwent renovation in 2005 through the Low Income Housing Tax Credit program and was the first FHA Section 608 apartment built in New Orleans. Its history and existing affordable-housing profile create a defined platform for continued multifamily ownership.
The property is positioned near Mid-City in New Orleans, with nearby access to restaurants, retail, outdoor space, and public transportation. Palmetto Apartments is located within a Qualified Census Tract, supporting a 30% eligible basis boost. Its historic significance also provides an avenue to pursue historic tax credits, subject to applicable requirements.
The property is positioned near Mid-City in New Orleans, with nearby access to restaurants, retail, outdoor space, and public transportation. Palmetto Apartments is located within a Qualified Census Tract, supporting a 30% eligible basis boost. Its historic significance also provides an avenue to pursue historic tax credits, subject to applicable requirements.
Key Highlights
- 124‑unit apartment property in New Orleans
- Originally built in 1944 for war workers
- Renovated in 2005 through the Low Income Housing Tax Credit program
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 70118, LA
35,635
Population
15,464
Households
2.3
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
7,747
Density / Sq Mi
$62,665
Median Household Income
$28,199
Median Earnings
$1,257
Median Rent
$451,600
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 - LIHTC-renovated multifamily housing asset near Mid-City with access to restaurants, retail, outdoor space, and public transportation.
Where is this apartment building located?
The property is located at 3980 Cambronne St New Orleans, LA.
What are key features of this property?
This property features: 124‑unit apartment property in New Orleans; Originally built in 1944 for war workers; Renovated in 2005 through the Low Income Housing Tax Credit program
