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Five-Unit Apartment Building
For Sale
$555,000

1011 WILKINSON Street, Mandeville, LA 70448

Multi-Family, Mandeville, LA

Property Size3,128 SF
Lot Size0.50 Acres
Price / SF$177.43
Days on Market49

Property Features for 1011 WILKINSON Street

General Information

Property type Residential Multi Family
Property subtype Other
Subdivision Not a Subdivision
Lot features 1-5 Acres
Standard status Active
APN 43608
Size 3,128 SF
Lot size 0.50 Acres

Utilities

Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1956
Floors in Building 1
Number of units 5
Roof type Wood
Listing Agency: Keller Williams Realty Services
Listed By: Lane Sheasby · License #995720040
Added: Jul 28 Changed: Sep 5 Last Checked: Sep 14 at 3:06AM
MLS# 2569651

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.

Investment Insights

Based on property information with market context.

This apartment property contains five separate rental units within a 3,128-square-foot building on a 0.5-acre lot. The units have varied floor plans and layouts, with common updates that include newer flooring and renovated kitchens. All five units are currently leased, providing an established tenant base at closing. The property was built in 1956 and includes window unit cooling, public water service, and a wood roof.

The property is located in Mandeville, near the lakefront, Causeway Bridge, shopping, dining, and other local conveniences. Its five-unit configuration and existing occupancy provide a straightforward multifamily layout for continued rental operations.

Key Highlights

  • Five separate rental units, all currently leased
  • 3,128‑square‑foot apartment building on a 0.5‑acre lot
  • Renovated kitchens and newer flooring across the units

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Carpet & Flooring Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store Florist Butcher Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

699
Businesses Nearby

Demographics for 70448, LA

25,670
Population
10,372
Households
2.5
Avg Household Size
41
Median Age
45%
College-Educated
93%
High-School Grad
21.9 sq mi
ZIP Area
1,172
Density / Sq Mi
$88,929
Median Household Income
$50,824
Median Earnings
$1,415
Median Rent
$324,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Leased units feature renovated kitchens, newer flooring, and varied floor plans.
Where is this apartment building located?
The property is located at 1011 WILKINSON Street Mandeville, LA.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Five separate rental units, all currently leased; 3,128‑square‑foot apartment building on a 0.5‑acre lot; Renovated kitchens and newer flooring across the units
More about this property
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