100 N Melrose Ave Natchitoches, LA 71457
Lender-owned 216-unit multifamily property near Northwestern State University.
Type:Multifamily
- Added:
- Apr 3, 2026
- Days on Market:
- 22
- Last Refresh:
- Apr 3 at 5:40 am
Property Features for 100 N Melrose Ave
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent John A. Hamilton License #LA: BROK.68998-ASA (225) 376-6749
Listing office Baton Rouge Office (225) 376-6749
Listing date Apr 3, 2026
Source Marcusmillichap
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Overview
Large Multifamily Asset in Natchitoches
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
Location Insight
- Map
- Local Demand
- City
- Natchitoches
- County
- Natchitoches
- State
- Louisiana
- Longitude
- -93.0689206
- Latitude
- 31.7510156
Nearby Similar for Sale
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.**
