419 Emerald Trace Drive

Property feature image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Property gallery image
Address: 419 Emerald Trace Dr, Ruston, LA 71270, USA
Florida & Gulf Coast + Apartment Buildings
Created date: March 16, 2026
Date last updated: August 20, 2026
  • 72 Units over 53,312 Rentable SF
  • Currently at 94% Occupancy, this stabilized asset experiences minimal vacancies, proven by an average economic vacancy figure over the past 12 months of only 4%.
  • Built in 1999, this property has undergone significant improvements. Ownership has invested roughly $327k in capital improvements. These include all new HVACS, LVP in roughly half of the units, and fiber optic installed in all units.
  • Ability to transition to market rate tenants in year 3 of the hold period upon the expiration of the extended use period.
  • This stabilized asset experiences minimal vacancies, proven by an average economic vacancy figure over the past 12 months of only 4%
  • Allowable rents for Lincoln Parish will be increased on May 1st, 2026 by an estimated 3%

Property Description

Emerald Trace Apartments in Ruston presents a stable affordable housing investment opportunity within a consistent North Louisiana rental market. Built in 1999, the community offers spacious two-, three-, and four-bedroom floor plans with fully equipped kitchens, washer and dryer connections, and practical layouts designed to serve workforce households and families. Residents benefit from on-site laundry facilities, a playground, ample parking, landscaped grounds, and professional management with 24-hour emergency maintenance. Conveniently located near Interstate 20 and Ruston’s primary retail corridor, the property provides easy access to major employers including Louisiana Tech University and Northern Louisiana Medical Center, supporting steady occupancy and long-term demand in a market with limited new multifamily supply. Emerald Trace presents the opportunity to acquire a stabilized asset with meaningful upside upon the expiration of its LIHTC restrictions in December 2028. Current effective rents are approximately $225–$275 below comparable market-rate levels, providing a clear mark-to-market opportunity post-restriction burn-off.
Availabletick-green

Request Information

Broker Details

Andrew Mulhall
Andrew Mulhall

SVN | AVAT Realty, LLC 256-726-9096

New call-to-action

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 72
Year Built: 1999
Opportunity Zone: No
Property Website Click Here
Address: 419 Emerald Trace Drive, Ruston, LA 71270, USA
Provided by:

Investment Analyzer

Step 1Financing Calculation

$
$
%
$
%
$
$

Step 2Gross Rent Analysis

Please enter annual amounts.

$
$
%
$
%
$
%
$
%
$
%
$
%
$
%
$
$

Step 3Cap Rate Calculation

%
$
%

Step 4Final Deal Analysis

$
$
%
%
$
$

Similar Properties in the Area

2321-2323 Daniel Avenue N

2321-2323 Daniel Avenue N

Lehigh Acres, Florida
Florida & Gulf Coast + Apartment Buildings
Price: $499,990
9430+9436 Sea Grape Drive

9430+9436 Sea Grape Drive

Vero Beach, Florida
Florida & Gulf Coast + Apartment Buildings
Price: $1,145,000
2 11th Street

2 11th Street

St Augustine Beach, Florida
Florida & Gulf Coast + Apartment Buildings
Price: $3,100,000

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up