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    Large Multifamily Asset in Natchitoches Title is generated by Realmo AI

    100 N Melrose Ave, Natchitoches, LA 71457

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    Lender-owned 216-unit multifamily property near Northwestern State University.

    Type:Multifamily
    Added:
    Apr 3, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 3 at 5:40 am

    Property Features for 100 N Melrose Ave

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    John A. Hamilton

    Listing agent John A. Hamilton License #LA: BROK.68998-ASA

    Listing office Baton Rouge Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Baton Rouge Office

    HighLights

    • Largest multifamily asset with 216 units in a supply‑constrained market.
    • Significant enrollment growth at Northwestern State University driving housing demand.
    • $1,835,505 invested in comprehensive property rehabilitation, including full roof and HVAC replacements.
    • Only 22 units require final refurbishment to achieve 90% stabilized occupancy.
    • Zero new multifamily construction creates barriers to entry.
    • Lender‑owned acquisition represents a rare opportunity.

    Overview

    The Melrose is a lender-owned multifamily asset featuring 216 units, situated in a supply-constrained submarket of Natchitoches. The property benefits from the enrollment growth of Northwestern State University, which has experienced a 40% surge in first-time freshmen for Fall 2025, leading to full campus housing capacity and increased off-campus demand. Barriers to entry exist due to limited developable land, restrictive zoning, and no new multifamily construction pipeline. The seller has invested $1,835,505 in property rehabilitation since acquisition, including full roof replacement ($765,407), HVAC replacements ($264,743), unit turns ($509,072), pool upgrades ($40,965), and flooring ($90,794). These improvements have de-risked the asset, with 22 of 216 units requiring final refurbishment to achieve 90% stabilized occupancy. The property is the largest multifamily asset in a city of 17,165 residents.
    Location Intelligence

    Current Use by Public Records

    The Melrose Apartments Apartment Complex

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Natchitoches
    County
    Natchitoches
    State
    Louisiana
    Longitude
    -93.0689206
    Latitude
    31.7510156

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    FAQs

    What type of property is this?
    Apartment building - Lender-owned 216-unit multifamily property near Northwestern State University.
    Where is this apartment building located?
    The property is located at 100 N Melrose Ave Natchitoches, LA.
    What are key features of this property?
    This property features: Largest multifamily asset with 216 units in a supply‑constrained market.; Significant enrollment growth at Northwestern State University driving housing demand.; **$1,835,505 invested in comprehensive property rehabilitation, including full roof and HVAC replacements.**
    (225) 376-6749
    We can help!
    Listing Contact
    John A. Hamilton
    Real Estate License ID: LA: BROK.68998-ASA
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