Small Multifamily Income
For Sale
$99,000
507 & 509 S 23RD STREET, Monroe, LA 71201
MULTI_FAMILY - Monroe, LA
Property SizeContact for details
Days on Market142
Property Features for 507 & 509 S 23RD STREET
General Information
Property type
Residential Multi Family
Property subtype
Other
Exterior features
Gravel Drive, Paved Street
Subdivision
RENWICK ADDN
Directions
Highway 165 South, turn right onto Louberta Street, go straight at the stop sign onto Calypso Street, turn left onto S 23rd Street.
Standard status
Active
APN
19099
Taxes and HOA fees
Tax Description
LOTS 3, 3-A, & 4 SQ 8 RENWICK ADDN
Legal Description
LOTS 3, 3-A, & 4 SQ 8 RENWICK ADDN
Utilities
Water source
Public
Building Details
Year built
1952
Number of units
9
Roof type
Shingle
Listing Agency:
Keller Williams Parishwide Partners · Keller Williams Realty
(318) 812-7653
Listed By:
Joshua Roberts
(318) 355-3685
Added: Apr 10
Changed: Jun 30
Last Checked: Aug 29 at 12:06AM
MLS# 218900
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.
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 9‑unit investment property built in 1952
- Public water source
- Shingle roof
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 71201, LA
21,565
Population
10,352
Households
2.1
Avg Household Size
39
Median Age
43%
College-Educated
92%
High-School Grad
14.9 sq mi
ZIP Area
1,447
Density / Sq Mi
$53,538
Median Household Income
$44,262
Median Earnings
$882
Median Rent
$247,100
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 - 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
