Renovation-Ready 43-Unit
1230 Old Robeline Rd, Natchitoches, LA 71457
For Sale
$1,900,000
Partially renovated 43-unit property with roofs, windows, and five completed units ready for continued redevelopment.
Property Size35,000 SF
Days on Market147
Property Features for 1230 Old Robeline Rd
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Amenities
43-unit partially renovated multifamily opportunity near Northwestern State University in Natchitoches, Louisiana.
Approximately $725K+ reportedly invested to date in roofs, exteriors, fencing, windows, doors, wiring and unit finishes.
5 renovated two-bedroom units reportedly completed and leased, providing early proof of rental demand.
37 units remain gutted/incomplete, offering a clear path to value creation through renovation completion and lease-up.
Estimated $900K–$1.0M remaining CapEx allows a new owner to control final scope, finishes and execution strategy.
Building Details
Building Size
Units
Listing Agency:
Marcus & Millichap - Baton Rouge
Listed By:
John Hamilton · License #License(s): LA: BROK.68998-ASA
(225) 376-6749
Source:
Marcusmillichap
Added: Jun 16
Changed: Oct 26
Last Checked: Nov 8 at 2:10AM
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.
1230 Old Robeline Road is a partially renovated 43-unit multifamily redevelopment opportunity in Natchitoches, Louisiana. The asset has already received meaningful capital improvements, with approximately $725K+ reportedly invested to date. Renovations completed or underway include new roofs, exterior repairs and paint, fencing and gates, tree and brush removal, driveway and common area repairs, new exterior doors, energy-efficient windows, partial electrical rewiring, and unit upgrades such as appliances and fixtures. To date, five units are reported completed and leased, while 37 units remain gutted and incomplete, setting a clear redevelopment sequence for a buyer to finish the remaining scope and stabilize occupancy.
The property is located near Northwestern State University and is described as being close to local employers, medical facilities, retail, and major area thoroughfares. This positioning supports a tenant base tied to both campus activity and surrounding daily needs.
For investors, this is a renovation-through-lease-up style acquisition where underwriting can be built around completing the remaining unit interiors and finishing site and building improvements already in motion. With the majority of the program identified as unfinished, buyers have the opportunity to apply targeted capital and transition the remaining units through completion, then move into operational leasing with professional management.
The property is located near Northwestern State University and is described as being close to local employers, medical facilities, retail, and major area thoroughfares. This positioning supports a tenant base tied to both campus activity and surrounding daily needs.
For investors, this is a renovation-through-lease-up style acquisition where underwriting can be built around completing the remaining unit interiors and finishing site and building improvements already in motion. With the majority of the program identified as unfinished, buyers have the opportunity to apply targeted capital and transition the remaining units through completion, then move into operational leasing with professional management.
Key Highlights
- Partially renovated 43‑unit multifamily redevelopment opportunity near Northwestern State University in Natchitoches, LA
- Approximately $725K+ in capital improvements already completed, including new roofs and exterior repairs/paint
- Renovations completed/underway include energy‑efficient windows, new exterior doors, and partial electrical rewiring
Property Analytics
Who owns this building?
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Lease Details
43
Residential units
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
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Business Placement
Demographics for 71457, LA
25,506
Population
12,086
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
89%
High-School Grad
269.7 sq mi
ZIP Area
95
Density / Sq Mi
$47,410
Median Household Income
$34,458
Median Earnings
$801
Median Rent
$194,200
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 - Partially renovated 43-unit property with roofs, windows, and five completed units ready for continued redevelopment.
Where is this apartment building located?
The property is located at 1230 Old Robeline Rd Natchitoches, LA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Partially renovated 43‑unit multifamily redevelopment opportunity near Northwestern State University in Natchitoches, LA; Approximately $725K+ in capital improvements already completed, including new roofs and exterior repairs/paint; Renovations completed/underway include energy‑efficient windows, new exterior doors, and partial electrical rewiring
