*Seller open to Bond for Deed with 25% down, terms negotiable*
Situated in the heart of the New Orleans East neighborhood, this 65-unit apartment complex offers a prime workforce and affordable housing investment opportunity with value-add potential by leasing last remaining vacant/rent ready units and repairing 3 down units. The portfolio consists of two well-positioned properties: 8019 Trapier, encompassing 48 units, and 9500 Hayne, comprising 17 units. The buildings can be purchased together or separately as a 48 and 17 unit complex. Will produce over $60,000 per month in gross rental income once fully leased and stabilized. Owners have completed all outstanding repairs since original list date (except for 3 down units they are not repairing) and currently in the midst lease-up, the occupancy went from 48% to 74% in a matter of months.
Active
$2,800,000
8019 Trapier Ave, New Orleans, LA 70127
2beds
62,685sqft
:
Get pre-qualified$18,749/mo
Multi Family, Apartment
Built in 1981
-- sqft lot
$-- Zestimate®
$45/sqft
$-- HOA
What's special
- 69 days |
- 80 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Mason McCullough 504-298-8631,
Bridgewater Realty Advisors, LLC 504-901-0463,
Bryce Danna-Marullo 504-301-5583,
Bridgewater Realty Advisors, LLC
Source: GSREIN,MLS#: 2558562
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central
Cooling
- Central Air
Interior area
- Total interior livable area: 62,685 sqft
Property
Parking
- Parking features: Parking Lot
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 1.75 Acres
- Dimensions: 79550
- Features: 1 to 5 Acres, City Lot
Details
- Parcel number: 39W000632
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Multi Family, Apartment
Materials
- Foundation: Slab
- Roof: Shingle
Condition
- Average Condition
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: New Orleans
Financial & listing details
- Price per square foot: $45/sqft
- Tax assessed value: $1,838,600
- Annual tax amount: $24,268
- Date on market: 4/27/2026
- Tenant pays: Electricity, Water
Estimated market value
Not available
Estimated sales range
Not available
$1,360/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Price change | $2,800,000+16.7%$45/sqft |
Source:  GSREIN #2517176 Report a problem | ||
| 8/15/2025 | Price change | $2,400,000-27.3%$38/sqft |
Source: GSREIN #2517201 Report a problem | ||
| 7/14/2020 | Price change | $3,300,000-17.5%$53/sqft |
Source: RE/MAX Commercial Brokers,Inc. #2260992 Report a problem | ||
| 1/16/2020 | Listed for sale | $4,000,000$64/sqft |
Source: RE/MAX Commercial Brokers,Inc. #2230125 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $24,268 | $183,860 |
| 2025 | $24,268 -1.5% | $183,860 |
| 2024 | $24,635 -5.8% | $183,860 +2.5% |
| 2023 | $26,140 +15.8% | $179,400 +11.8% |
| 2022 | $22,570 +187.6% | $160,400 +194.3% |
| 2021 | $7,847 | $54,510 -33.1% |
| 2020 | -- | $81,500 -65.8% |
| 2019 | $35,981 | $238,160 |
| 2018 | $35,981 | $238,160 |
| 2017 | $35,981 -1.9% | $238,160 |
| 2016 | $36,696 +1.5% | $238,160 +72.3% |
| 2015 | $36,148 | $138,240 |
| 2014 | $36,148 +75.9% | $138,240 |
| 2013 | $20,552 | $138,240 |
| 2012 | -- | $138,240 |
| 2010 | -- | $138,240 +34% |
| 2009 | -- | $103,140 |
| 2007 | -- | $103,140 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Little Woods
Nearby schools
GreatSchools rating
- 8/10Mary McLeod Bethune Elementary School of Literature & TechnologyGrades: PK-8Distance: 5.4 mi
- NAEinstein Charter High School at Sarah Towles ReedGrades: 9Distance: 3.4 mi
- 7/10Benjamin Franklin Elementary Math And ScienceGrades: PK-8Distance: 11.3 mi
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