Property profile

261 Jules Ave Jefferson, LA 70121

FOR SALE
Apartment buildings
Property ID
US36-0255533
Built 1960
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Property summary

AI-generated overview

Fully stabilized multi-family property in growing Jefferson Parish submarket, anchored by Ochsner Medical Center. 90% occupancy and very strong revenue growth that will accelerate when Ochsner's children's hospital and neuroscience center are complete. 37 units (100% occupied) 3-story w/ elevator Full renovation in 2022 On-site parking and laundry 24% Revenue growth in 2024, strong long-term market fundamentals

Property profile

Verified
Property type Apartment buildings
Year built 1960
UPID US36-0255533

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building
  • Apartment Complex
  • Moving Company

Location

261 Jules Ave Jefferson, LA 70121
Jefferson metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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