New Gretna Fourplex Opportunity

2900 N MONTEREY Court, Gretna, LA 70056

View on Map

For Sale

$750,000

MULTI_FAMILY - Gretna, LA

Property size:

4,151 SF

Lot size:

0.16 Acres

Price / SF:

$180/SF

HighLights

Brand new construction fourplex built in 2026, offering immediate rental income potential.
Four units, each with 3 bedrooms and 2 bathrooms, totaling 4,150 sq ft of gross living area.
Each unit features a fully equipped kitchen with stainless steel appliances and a primary suite with private bath including soaking tub.
Separate entries, water heaters, and individual laundry rooms for each unit.
Ample off‑street parking, covered porches, and a gated iron fence.
Located outside of the special flood hazard area (Zone X500).

We can help!

Listing Contact

Heba Awawda

For Sale

$750,000

MULTI_FAMILY - Gretna, LA

Property size:

4,151 SF

Lot size:

0.16 Acres

Price / SF:

$180/SF

Added:: May 12, 2026
Days on Market:: 29
Last Refresh:: Jun 9 at 5:06 pm

Property Features for 2900 N MONTEREY Court

General Information

Property type: Residential Multi Family
Property subtype: Other
Property condition: Under Construction
Parking features: Off Street
Patio and Porch features: Porch
Exterior features: Porch
Standard status: Active
APN: 200008407
Size: 4,151 SF
Lot size: 0.16 Acres

Taxes and HOA fees

Tax Description: LOT 1-A SQ B TRIANON SQUARE

Utilities

Heating system: Central
Cooling system: Central Air
Water source: Public

Building Details

Year built: 2026
Floors in Building: 2
Number of units: 4
Roof type: Shingle

We can help!

Listing Contact

Heba Awawda

Listing agent Heba Awawda

Listing office Keller Williams Realty New Orleans 8601 Leake Ave., New Orleans, LA

Listing date May 12, 2026

MLS# 2557548 Listing URL

Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Brand new construction fourplex built in 2026, offering immediate rental income potential.
Four units, each with 3 bedrooms and 2 bathrooms, totaling 4,150 sq ft of gross living area.
Each unit features a fully equipped kitchen with stainless steel appliances and a primary suite with private bath including soaking tub.
Separate entries, water heaters, and individual laundry rooms for each unit.
Ample off‑street parking, covered porches, and a gated iron fence.
Located outside of the special flood hazard area (Zone X500).

Overview

This new construction fourplex in Gretna presents a rare opportunity. The income-producing property includes four units, with two units on each floor. Each unit features 3 bedrooms and 2 bathrooms. The total gross living area is 4,150 square feet across all units, situated on a 6,930 square foot lot. Each unit is thoughtfully laid out with an open living area and a fully equipped kitchen with stainless steel appliances. The primary suite includes a private bath with a soaking tub and tile surround. Laminate flooring is installed throughout each unit, which also includes its own separate entry, water heater, and laundry room. A fire alarm and sprinkler system are in place. The property features a large concrete driveway with ample off-street parking, covered porches, and a gated iron fence. Zoned RR3 - Three and Four Family Residential District, the property is located outside of the special flood hazard area (Zone X500). This new construction property is in excellent condition with no deferred maintenance, making it suitable for investors seeking immediate rental income or owner-occupants looking to offset their mortgage.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$71.2k	$17.16
− Vacancy	−$6.2k	−$1.48
EGI	$65.1k	$15.68
− OpEx	−$19.5k	−$4.70
NOI	$45.6k	$10.97

4,151 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$650.8K

$569.4K – $759.2K (±1% cap)

NOI $45,554 @ 7.0% cap · market cap 6.07%

Second Best

Apartment 5plus

$608.4K

$532.3K – $709.8K (±1% cap)

NOI $42,585 @ 7.0% cap · market cap 5.68%

Theoretical Best

Office A

$1.10M

$958.3K – $1.28M (±1% cap)

NOI $76,661 @ 7.0% cap · market cap 10.22%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Gretna
County: Jefferson
State: Louisiana
Longitude: -90.016609
Latitude: 29.892164

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For sale
Quadplexes
LA
Gretna
70056
2900 N MONTEREY Court

What type of property is this?

Quadplex - New construction fourplex in Gretna with immediate rental income.

Where is this quadplex located?

The property is located at 2900 N MONTEREY Court Gretna, LA.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Brand new construction fourplex built in 2026, offering immediate rental income potential.; Four units, each with 3 bedrooms and 2 bathrooms, totaling 4,150 sq ft of gross living area.; Each unit features a fully equipped kitchen with stainless steel appliances and a primary suite with private bath including soaking tub.

2900 N MONTEREY Court, Gretna, LA 70056

MULTI_FAMILY - Gretna, LA

Property Features for 2900 N MONTEREY Court

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Gretna Medical Office Building

Gretna Duplex: Investment Opportunity

Gretna Duplex Investment Opportunity

Single-Family Home with Workshop

Mixed-Use Building with Off-Street Parking

Historical Gretna Home with Charm

Gretna Duplex For Sale

Dairy Queen Investment Opportunity

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