2025 South Louisiana Multifamily Market: Transaction Summary
A comprehensive look at apartment and multifamily investment sales across Louisiana’s three major metros in 2025, powered by ELIFIN’s proprietary transaction database.
South Louisiana’s multifamily market surged in 2025. While overall deal count held steady compared to the prior year, dollar volume nearly doubled — driven by a wave of institutional-grade apartment community transactions in Baton Rouge and New Orleans. ELIFIN tracks every commercial property sale across South Louisiana’s core markets, giving investors and owners a complete, unfiltered view of multifamily transaction activity.
ELIFIN is Louisiana’s #1 commercial real estate brokerage by number of sales, with specialized agents in Baton Rouge, New Orleans, and Lafayette. Our proprietary database tracks more than 59,000 commercial properties and 41,000 property owner contacts, supported by over 5.4 million logged CRM activities since our founding in 2016. The data below covers all multifamily sales (five or more units) recorded across South Louisiana in 2025.
2025 Multifamily Market at a Glance
South Louisiana recorded 111 multifamily transactions totaling $675.3 million in dollar volume during 2025. That represents a 94% increase in volume over 2024, when 110 sales produced $347.7 million. The deal count was virtually unchanged — the dramatic volume increase was driven entirely by larger properties trading hands. Total units transacted rose 49% year-over-year, from 4,969 to 7,388.
The median disclosed price per unit across all markets was $73,000, while the average came in at $85,869. Of the 111 total transactions, 91 had disclosed sale prices and 20 were recorded with undisclosed pricing. All volume figures use ELIFIN’s Dollar Volume metric, which incorporates estimated market values for undisclosed-price transactions to provide the most complete picture of market activity.
Quarterly Breakdown
| Quarter | Transactions | Dollar Volume | Units |
|---|---|---|---|
| Q1 2025 | 30 | $140,323,601 | 1,377 |
| Q2 2025 | 30 | $143,033,400 | 1,743 |
| Q3 2025 | 28 | $219,636,911 | 2,398 |
| Q4 2025 | 23 | $172,308,462 | 1,870 |
| Full Year 2025 | 111 | $675,302,374 | 7,388 |
Activity was remarkably consistent through the first half of the year, with Q1 and Q2 each recording 30 transactions and similar dollar volumes in the $140 million range. The third quarter saw the year’s largest surge — $219.6 million across 28 deals — fueled by several major apartment community sales in Baton Rouge and New Orleans. Q4 closed strong with $172.3 million, though deal count dipped to 23 as year-end seasonality took hold.
Multifamily Sales by Metro Market
| Market | Deals | Dollar Volume | Units | Avg $/Unit* |
|---|---|---|---|---|
| Baton Rouge Metro | 38 | $403,175,222 | 3,835 | $78,589 |
| New Orleans Metro | 56 | $226,944,322 | 2,790 | $97,348 |
| Lafayette | 17 | $45,182,830 | 763 | $54,069 |
*Average price per unit calculated from disclosed-price transactions only. Baton Rouge Metro includes East Baton Rouge and Ascension Parishes. New Orleans Metro includes Orleans and Jefferson Parishes.
The Baton Rouge Metro captured the largest share of dollar volume by a wide margin. With 38 transactions totaling $403.2 million, it accounted for 60% of the statewide multifamily total — a dominant showing fueled by several high-value apartment community trades near LSU and along the Burbank Drive corridor. The average disclosed price per unit in Baton Rouge was $78,589, with a median of $56,667 reflecting the market’s range from smaller complexes to purpose-built student housing.
The New Orleans Metro led in deal count with 56 transactions generating $226.9 million. Orleans Parish properties commanded the highest per-unit pricing in the state at an average of $114,514 per unit, reflecting the premium attached to urban New Orleans apartment assets. Jefferson Parish contributed 25 of those 56 deals, with a more moderate average of $76,450 per unit.
Lafayette recorded 17 multifamily sales totaling $45.2 million across 763 units. At an average of $54,069 per unit, Lafayette offers the lowest entry point among South Louisiana’s three core markets — a factor that continues to attract value-oriented investors to the Acadiana region.
Transaction Size Analysis
| Property Size | Deals | % of Deals | Dollar Volume | % of Volume |
|---|---|---|---|---|
| 5–10 units | 53 | 48% | $34,151,400 | 5% |
| 11–25 units | 17 | 15% | $17,721,310 | 3% |
| 26–50 units | 7 | 6% | $10,345,100 | 2% |
| 51–100 units | 9 | 8% | $59,758,840 | 9% |
| 101–200 units | 13 | 12% | $191,176,450 | 28% |
| 200+ units | 12 | 11% | $362,149,274 | 54% |
The size distribution tells a clear story about where the capital flowed in 2025. Small properties (5–25 units) accounted for 63% of all deals but just 8% of total dollar volume. Meanwhile, properties with 100 or more units represented only 23% of transactions but commanded 82% of volume. The 12 sales of 200+ unit communities alone totaled $362.1 million — more than half of the entire South Louisiana multifamily market for the year.
This concentration of capital in larger assets reflects a broader trend: institutional buyers and regional operators targeted stabilized, scale-worthy apartment communities in 2025, while smaller multifamily properties continued to trade at a steady pace among local investors.
2025 Multifamily Transaction Map
Baton Rouge Metro
New Orleans Metro
Lafayette
Pin size reflects transaction value · Click for details
Highlighted Transactions
Largest Sale: 222 E. Boyd Drive, Baton Rouge
$82,013,500 — 278 units — $295,013 per unit — Q3 2025
The year’s largest multifamily transaction was a 278-unit apartment community near Louisiana State University. At nearly $295,000 per unit, this was also one of the highest per-unit prices recorded in the Baton Rouge metro in 2025, reflecting the premium that student-oriented, campus-adjacent properties command in the market.
300 W. Parker Boulevard, Baton Rouge
$37,000,000 — 138 units — $268,116 per unit — Q4 2025
Another high-value Baton Rouge trade, this 138-unit property closed at $268,116 per unit in Q4. Along with the Boyd Drive sale, it underscores investor demand for well-located apartment communities in East Baton Rouge Parish.
2651 Poydras Street, New Orleans
$33,151,001 — 250 units — $132,604 per unit — Q1 2025
The largest disclosed multifamily sale in the New Orleans Metro, this 250-unit property on Poydras Street set an early tone for the year. Orleans Parish consistently commands per-unit premiums across South Louisiana, and this transaction was no exception.
Year-Over-Year Comparison
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Transactions | 110 | 111 | +0.9% |
| Dollar Volume | $347,720,190 | $675,302,374 | +94.2% |
| Units Transacted | 4,969 | 7,388 | +48.7% |
The year-over-year comparison is striking. Deal count was essentially flat — 111 in 2025 versus 110 in 2024 — yet dollar volume surged 94%, from $347.7 million to $675.3 million. Units transacted increased 49%. The takeaway: 2025 was defined not by more deals, but by significantly larger deals. Institutional capital re-entered the South Louisiana multifamily market in force, targeting larger apartment communities that had been slower to trade during the higher interest rate environment of 2023 and 2024.
ELIFIN’s Multifamily Market Approach
ELIFIN serves multifamily owners and investors across every segment of the South Louisiana apartment market — from 5-unit properties in neighborhood settings to 200+ unit institutional-grade communities. Our Block system assigns specialized agents to geographic territories, ensuring every multifamily property in our coverage area has a dedicated point of contact who understands local rent dynamics, comparable sales, and buyer demand.
For sellers, ELIFIN provides data-backed pricing guidance drawn from our comprehensive transaction database, combined with targeted marketing to our network of active multifamily buyers. For buyers, we offer early visibility into off-market opportunities and the transaction data needed to underwrite acquisitions with confidence. Whether you are considering a disposition, an acquisition, or simply want to understand where your property stands relative to the current market, ELIFIN’s specialized agents and proprietary data give you an edge no other Louisiana brokerage can match.
Frequently Asked Questions
How many multifamily properties sold in Louisiana in 2025?
ELIFIN recorded 111 multifamily property sales (five or more units) across South Louisiana in 2025, totaling $675.3 million in dollar volume. This includes transactions in the Baton Rouge, New Orleans, and Lafayette metro areas.
What was the average price per unit for multifamily in Louisiana in 2025?
The average disclosed price per unit across South Louisiana was $85,869, with a median of $73,000. Pricing varied significantly by market: Orleans Parish averaged $114,514 per unit, East Baton Rouge Parish averaged $78,589, Jefferson Parish averaged $76,450, and Lafayette Parish averaged $54,069.
Which Louisiana metro had the most multifamily sales in 2025?
The New Orleans Metro (Orleans and Jefferson Parishes) led in transaction count with 56 multifamily sales. However, the Baton Rouge Metro (East Baton Rouge and Ascension Parishes) led in dollar volume with $403.2 million across 38 transactions, driven by several large apartment community sales.
Is it a good time to sell a multifamily property in Louisiana?
The 2025 data suggests strong buyer demand for multifamily assets, particularly larger stabilized properties. Dollar volume nearly doubled year-over-year while deal count held steady, indicating that capital is actively flowing into the market. For a current valuation of your multifamily property based on the latest comparable sales, contact ELIFIN for a complimentary analysis.
What types of multifamily properties does ELIFIN sell?
ELIFIN handles multifamily transactions across the full size spectrum, from small apartment buildings with 5–10 units to institutional-grade communities with 200 or more units. In 2025, our database captured transactions ranging from small local investor deals under $500,000 to an $82 million, 278-unit apartment community near LSU.
Considering Selling or Acquiring Multifamily Property in Louisiana?
ELIFIN’s specialized agents and proprietary transaction data cover every multifamily sale in South Louisiana. Get a complimentary property valuation or connect with our multifamily specialists today.