85 Allard BlvdNew Orleans, LA 70119

This stabilized, eight-unit apartment building presents a compelling investment opportunity in New Orleans' vibrant Mid-City neighborhood. Located at 85 Allard Boulevard, this two-story, Class C property boasts 5,311 square feet of total space and 4,884 square feet of net rentable area, commanding a price of $850,000 ($160.05/sq ft and $106,250/unit). Currently enjoying 100% occupancy, the building features eight apartments, four on each side (85 & 87 Allard Blvd), each retaining charming historical details such as original pine floors, trim, doors, and balconies—perfect for enjoying the Endymion Mardi Gras parade. Unit sizes range from 551 to 646 square feet, with monthly rents ranging from $900 to $1100. The property's advantageous location places it within a short walk (.2 miles) of City Park and directly on the Carrollton Avenue streetcar line, offering residents convenient access to public transportation and one of New Orleans' most beloved parks. This is a rare chance to acquire a solid multifamily investment in a highly desirable and centrally located area. The property is a proven performer with a strong rental history, making it an ideal addition to any investor's portfolio. This turnkey investment requires minimal effort to maintain its current high occupancy rate and strong cash flow.