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20-Unit Apartment Conversion Project
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711 S Vienna St, Ruston, LA 71270

Architectural plans support redevelopment of a former hospital property into multifamily housing.

Property SizeContact for details
Days on Market144

Property Features for 711 S Vienna St

General Information

Standard status Active
Property subtype Land, Multifamily
Listing Agency: John Rea Realty
Listed By: Jennifer Causey · License #LA995693195
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 5:41AM

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 John Rea Realty

Investment Insights

Based on property information with market context.

This 3.6-acre property includes the building that served as Ruston’s first hospital and was later used by Louisiana Tech for biomedical engineering. Completed architectural plans outline conversion of the existing structure into a 20-unit multifamily complex.

The redevelopment has progressed through Louisiana’s State Historic Preservation Office process. Part 1, certification of contributing status, has been approved, while Part 2, the proposed work description, is awaiting confirmation. The project is identified as Project #48051 / Ruston Hospital, and the seller will transfer completed work and associated rights and benefits to the buyer upon an accepted offer.

Key Highlights

  • 3.6‑acre property with building included
  • Architectural plans for a 20‑unit multifamily conversion
  • Building formerly served as Ruston’s first hospital

Property Analytics

Current Use

Bromell Agency, Inc. Insurance Agency

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Pet Grooming Service Electrical Service HVAC Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

975
Businesses Nearby

Demographics for 71270, LA

31,513
Population
14,238
Households
2.2
Avg Household Size
32
Median Age
40%
College-Educated
89%
High-School Grad
206.9 sq mi
ZIP Area
152
Density / Sq Mi
$37,599
Median Household Income
$23,883
Median Earnings
$819
Median Rent
$218,600
Median Home Value

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 - Architectural plans support redevelopment of a former hospital property into multifamily housing.
Where is this apartment building located?
The property is located at 711 S Vienna St Ruston, LA.
What are key features of this property?
This property features: 3.6‑acre property with building included; Architectural plans for a 20‑unit multifamily conversion; Building formerly served as Ruston’s first hospital
(318) 261-0892 Call to check price and availability
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