Four-Unit Apartment
100 Melrose Drive Unit 4 Donaldsonville, LA 70346
For Sale
$540,000
Well-maintained 4-unit complex with two-bedroom layouts, on-site coin laundry, and an additional shed with driveway access.
Property Size3,766 SF
Price / SF$143.39
Days on Market368
Property Features for 100 Melrose Drive Unit 4
General Information
- Standard status
- Active
- Size
- 3,766 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Listing Agency:
West Bank Real Estate LLC
(225) 413-0000
Listed By:
James S MacDonald · License #0000026122
(225) 413-0000
Source:
Compass
Added: Jul 22, 2025
Changed: Jul 23
Last Checked: Jul 23 at 3:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of West Bank Real Estate LLC
Investment Insights
Based on property information with market context.
This well-maintained four-unit apartment complex offers two-bedroom, one-bath units configured with two units upstairs and two units downstairs. Each unit includes a living room, a kitchen with a dining area, and a functional layout designed for everyday living.
The property includes an on-site laundry facility featuring a coin-operated washer and dryer. A separate shed is also included and has its own driveway, providing convenient storage for lawn equipment or other property maintenance items.
The complex is located near a hospital and medical offices, supporting tenant demand for long-term renters. Owner availability is noted for buyer inquiries.
The property includes an on-site laundry facility featuring a coin-operated washer and dryer. A separate shed is also included and has its own driveway, providing convenient storage for lawn equipment or other property maintenance items.
The complex is located near a hospital and medical offices, supporting tenant demand for long-term renters. Owner availability is noted for buyer inquiries.
Key Highlights
- Well‑maintained 4‑unit apartment complex with 2‑bedroom, 1‑bath units
- Two units upstairs and two units downstairs, each with a living room and kitchen with dining area
- On‑site laundry facility with coin‑operated washer and dryer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.2k | $9.36 |
| − Vacancy | −$6.7k | −$1.77 |
| EGI | $28.6k | $7.59 |
| − OpEx | −$8.6k | −$2.28 |
| NOI | $20.0k | $5.31 |
3,766 SF · lease $9.36/SF/yr · vacancy 18.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$285.9K
$250.1K – $333.5K
NOI $20,011 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$247.4K
$216.5K – $288.7K
NOI $17,321 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$826.4K
$723.1K – $964.1K
NOI $57,846 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained 4-unit complex with two-bedroom layouts, on-site coin laundry, and an additional shed with driveway access.
Where is this quadplex located?
The property is located at 100 Melrose Drive Unit 4 Donaldsonville, LA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Well‑maintained 4‑unit apartment complex with 2‑bedroom, 1‑bath units; Two units upstairs and two units downstairs, each with a living room and kitchen with dining area; On‑site laundry facility with coin‑operated washer and dryer
