6711-6817 Tara Lane, New Orleans, LA 70127

New Orleans
Local realty services provided by:ERA TOP AGENT REALTY
6711-6817 Tara Lane,New Orleans, LA 70127
$1,200,000
Virtual Tour
  • 170 Beds
  • 87 Baths
  • 78,100 sq. ft.
  • Multi-family
  • Pending
Listed by: tom bookhardt, michael mito
Office: united real estate partners llc.
MLS#:2554011
Source:LA_GSREIN

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$15.36

About this home

Plaza Park Apartments is a 78-unit, Class C multifamily community offered at $1,200,000 — representing one of the most compelling deep-value-add acquisition opportunities currently available in the greater New Orleans market. Situated on 2.77 acres in the West Lake Forest submarket of New Orleans East, the property comprises approximately 98,710 gross square feet with 76,100 rentable square feet across a mix of one-, two-, and three-bedroom units. The site is zoned S-RM2 (Suburban Multifamily) and is not located within a designated FEMA flood zone. Originally constructed in 1986, the asset has experienced significant deferred maintenance following foreclosure and is priced accordingly — at just $15,385 per unit and $12.16 per gross square foot. For experienced value-add operators and distressed asset investors, the rehabilitation path is well-defined: estimated total CapEx of $3,950,000 yields a projected After-Repair Value of approximately $5,125,000, a stabilized NOI of $614,400,...

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Home facts

  • Year built:1986
  • Listing ID #:2554011
  • Added:103 day(s) ago
  • Updated:July 31, 2026 at 08:46 AM

Rooms and interior

  • Bedrooms:170
  • Total bathrooms:87
  • Full bathrooms:87
  • Living area:78,100 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Heating

Structure and exterior

  • Roof:Shingle
  • Year built:1986
  • Building area:78,100 sq. ft.
  • Lot Features:Outside City Limits, Rectangular Lot
  • Construction Materials:Brick
  • Foundation Description:Slab
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$15.36

Parking

  • Parking description:Parking Lot

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