1425 Monroe Street, Gretna, LA 70053
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
Listed by: blaine h tatje
Office: team tatje realtors, llc.
MLS#:2576731
Source:LA_CLBOR
Price summary
- Price:$3,295,000
- Price per sq. ft.:$254.93
About this home
Investment opportunity in Gretna! Woodcrest Apartments is a 31-unit multifamily portfolio consisting of 3 buildings. The low-rise properties feature durable cinder block construction, solid-surface flooring and roofs replaced in 2021. All units are configured as 1 bedroom/1 bath. The offering also includes two adjacent parcels, approximately 0.18 and 0.24 acres, providing additional flexibility and potential for the future buyer.Currently generating an annual rent roll of approximately $383,268, with a reported 2025 NOI of $253,772.99 and an in-place cap rate of 7.70%. The portfolio is offered at $3,295,000, including the adjacent parcels. Convenient Gretna location with easy access to surrounding Westbank amenities and New Orleans. Excellent opportunity to acquire an established income-producing multifamily asset with additional land included.
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Home facts
- Year built:1980
- Listing ID #:2576731
- Added:52 day(s) ago
- Updated:November 09, 2026 at 03:48 PM
Rooms and interior
- Bedrooms:31
- Total bathrooms:31
- Full bathrooms:31
- Living area:12,925 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
Structure and exterior
- Year built:1980
- Building area:12,925 sq. ft.
- Lot Features:Corner Lot
- Construction Materials:Block, Frame
- Foundation Description:Slab
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,295,000
- Price per sq. ft.:$254.93
Parking
- Parking description:None
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