507 & 509 S 23RD STREET, Monroe, LA 71201

Building Details

Year built

1952

Number of units

9

Roof type

Shingle

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 property offers a total of 9 units across two addresses: 507 and 509 S 23rd Street. The listing indicates the units would benefit from some TLC, positioning the building for an owner-operator or investor looking to bring the property up to rent-ready condition.

The property is located in Monroe, Louisiana at S 23rd Street (71201). With two street-numbered entries, it may be suitable for investors who want a compact, manageable multifamily setup.

Given the stated need for TLC, this building may fit buyers who plan on making improvements and then stabilizing occupancy. The configuration of 9 units provides multiple income opportunities within a single multifamily asset, while still allowing the scope of work and unit-by-unit preparation to be handled at a practical scale. If you’re considering a smaller multifamily purchase in Monroe, this property is available for showings and review so you can assess condition, required work, and timeline firsthand.

Suggested Use

Real Estate Agency Nursing Home Bakery Nursing Home Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) Store Car Rental Facility Restaurant Coworking & Hybrid Office

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

Location Insight

• Map
• Local Demand

City

Monroe

County

Ouachita

State

Louisiana

Longitude

-92.094078

Latitude

32.510345

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FAQs

What type of property is this?

Apartment building - For sale 9-unit multifamily property with potential requiring some interior exterior TLC.

Where is this apartment building located?

The property is located at 507 & 509 S 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; Public water source; Shingle roof