Metairie Multifamily Investment
For Sale
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3106 Independence St, Metairie, LA 70006
Value-add multifamily property in desirable Metairie location with rental upside.
Property Size12,880 SF
Price / SF$81.52
Days on Market1035
Property Features for 3106 Independence St
General Information
Standard status
Active
Size
12,880 SF
Class
B
Property subtype
Multifamily
Occupancy
95%
Investment Type
Value Add
Net Operating Income
$107,460
Building Details
Year Renovated
2023
Buildings
2
Stories
2
Units
24
Listing Agency:
Bridgewater Realty Advisors
Listed By:
Mason Mccullough · License #LA9705
(504) 274-2701
Source:
Crexi
Added: Nov 3, 2023
Changed: Aug 8
Last Checked: Aug 31 at 11:52PM
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 Bridgewater Realty Advisors
Investment Insights
Based on property information with market context.
Located in Metairie, Louisiana, 3106-10 Independence Street is a multifamily property presenting a value-add investment opportunity. Metairie is a desirable market for both renters and investors. Multifamily properties in Metairie generally experience lower turnover and rent out quickly. The current rents are positioned below the local market rates, allowing a new owner to strategically increase rental income without extensive renovations. New renovations nearby at Clearview Mall, including new multifamily units, should continue to increase the value in the surrounding area. Ample off-street parking is available in the rear of the building.
Key Highlights
- Multifamily property in a highly desirable Metairie location.
- Value‑add opportunity with below‑market rents.
- Ample off‑street parking available.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,865
Businesses Nearby
Explore this area
Business Placement
Demographics for 70006, LA
16,540
Population
6,645
Households
2.5
Avg Household Size
39
Median Age
38%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
6,362
Density / Sq Mi
$74,049
Median Household Income
$42,120
Median Earnings
$1,206
Median Rent
$333,000
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?
Multifamily property - Value-add multifamily property in desirable Metairie location with rental upside.
Where is this multifamily property located?
The property is located at 3106 Independence St Metairie, LA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Multifamily property in a highly desirable Metairie location.; Value‑add opportunity with below‑market rents.; Ample off‑street parking available.
