- For Sale $6,255,000
- Property Type Multi-Family
- Property Size 21,000 SF
- Units 37
- Lot Size 0.48 Acre
- Parking Spaces Avail. 24
- Property Tenancy Multi-Tenant
- Year Built 1960
- Year Renovated 2022
- Date Updated Sep 4, 2026
Description
The Studio Arms property is located in the vibrant and diverse community of Jefferson, LA (Old Jefferson). It is situated within easy reach of Downtown New Orleans, Elmwood, and the Old Metairie and Veterans Avenue business districts. It is also 2.5 blocks from Ochsner's main hospital on Jefferson Hwy, making it an attractive location for Ochsner's workforce. Nearby points of interest include the Jefferson Performing Arts Society, Veteran's Memorial Square, and numerous parks, providing ample entertainment and leisure opportunities for potential residents. With its convenient proximity to city amenities and natural beauty, the location presents an appealing investment opportunity for those seeking to establish a multifamily property in a thriving community.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.
Highlights
- 24% Revenue growth in 2024, strong long-term market fundamentals
- 37 units (100% occupied); 3-story w/ elevator
- Full renovation in 2022
- On-site parking and laundry
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Contacts
Michael Bucher
SVN | Urban Properties
Location
Located at 261 Jules Avenue, Jefferson, LA 70121, this property is part of the Jefferson neighborhood and New Orleans market.
Contact Listing Broker
Michael Bucher
SVN | Urban Properties