60-Unit Apartment
New
For Sale
$4,190,000
1205 Mehle St, Arabi, LA 70032
Each residence features two bedrooms and one-and-a-half baths.
Property Size58,624 SF
Days on Market2
Property Features for 1205 Mehle St
General Information
Standard status
Active
Size
58,624 SF
Property subtype
Multifamily
Occupancy
97%
Units
Unit Mix
60 x 2BR/1.5BA
Multifamily Units
60
Additional Details
Cap Rate
8.92%
Highway Access
Yes
Amenities
97% Occupied
Value-Add Potential
Prime Location with High Demand
Building Details
Building Size
58,624 SF
Units
60
Listing Agency:
Marcus & Millichap - Baton Rouge
Listed By:
Chris Shaheen · License #License(s): LA: BROK.995692662-ACT
(225) 376-6750
Source:
Marcusmillichap
Added: Oct 16
Last Checked: Oct 16 at 1:56PM
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 Marcus & Millichap - Baton Rouge
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Investment Insights
Based on property information with market context.
This 60-unit apartment property in Arabi comprises residences with two bedrooms and one-and-a-half bathrooms. Occupancy is 97%.
The community is in Arabi, Louisiana, with access to major highways and Downtown New Orleans. The French Quarter is also nearby.
The community is in Arabi, Louisiana, with access to major highways and Downtown New Orleans. The French Quarter is also nearby.
Key Highlights
- 60 apartment units
- Two‑bedroom, 1.5‑bathroom layouts
- 97% occupied
Property Analytics
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Current Use
Lease Details
60
Residential units
97%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 70032, LA
4,533
Population
2,160
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
2,267
Density / Sq Mi
$52,500
Median Household Income
$45,463
Median Earnings
$998
Median Rent
$212,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence features two bedrooms and one-and-a-half baths.
Where is this apartment building located?
The property is located at 1205 Mehle St Arabi, LA.
What is the asking price?
The asking price for this property is $4,190,000.
What are key features of this property?
This property features: 60 apartment units; Two‑bedroom, 1.5‑bathroom layouts; 97% occupied
