507 & 509 23RD STREET, Monroe, LA 71201

Building Details

Year built

1952

Number of units

9

Building materials

Vinyl Siding

Roof type

Asphalt, Shingle

Architectural style

Other

Listing agent Joshua Roberts Show Phone

Listing office Keller Williams Parishwide Partners 1390 Hudson Lane, Monroe, LA Show Phone

Listing date Apr 10, 2026

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MLS# 218900 Listing URL

Copyright © 2026 Northeast Louisiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This for-sale multifamily investment property includes a total of 9 apartment units and is being presented as a value-oriented acquisition. The listing notes that the property would benefit from some TLC, indicating it may require updates or light renovation prior to achieving full occupancy.

The property is located at 507 & 509 23rd Street in Monroe, Louisiana 71201. The single listing package covers the address(es) noted and is structured for buyers looking to take a hands-on approach to improvements and leasing readiness.

For tenants, this type of 9-unit building can offer multiple opportunities to find available units within one ownership platform, once updates are completed. For buyers and operators, a small, fixed-unit portfolio like this can be attractive for managing leasing activity across several units. Prospective purchasers should plan to review the condition of the units during their showing and confirm what work is needed to bring individual apartments to market-ready status.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Monroe

County

Ouachita

State

Louisiana

Longitude

-92.094406

Latitude

32.510369

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FAQs

What type of property is this?

Apartment building - For sale 9-unit apartment property in Monroe, offered with the opportunity for light renovation to position for occupancy.

Where is this apartment building located?

The property is located at 507 & 509 23RD STREET Monroe, LA.

What is the asking price?

The asking price for this property is $99,000.

What are key features of this property?

This property features: 9‑unit investment property built in 1952; Exterior features include gravel drive and paved street access; Vinyl siding exterior