Login

6711-6817 Tara Lane, New Orleans, LA 70127

New Orleans
Local realty services provided by:CENTURY 21 Action Realty
6711-6817 Tara Lane,New Orleans, LA 70127
$1,200,000
Virtual Tour
  • - Beds
  • - Baths
  • 78,100 sq. ft.
  • Multi-family
  • Pending
Listed by: tom bookhardt, michael mito
Office: united real estate partners
MLS#:NO2554011
Source:LA_RAAMLS

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,...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:NO2554011
  • Added:61 day(s) ago
  • Updated:June 21, 2026 at 10:14 AM

Rooms and interior

  • Living area:78,100 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Heat
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Building area:78,100 sq. ft.
  • Lot area:2.77 Acres
  • Construction Materials:Brick
  • Foundation Description:Slab
  • Levels:2 Story

Finances and disclosures

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

Parking

  • Parking description:Parking Lot

New listings near 6711-6817 Tara Lane