Multifamily Portfolio of 75
For Sale
$5,650,000
15909 River Rd, Hahnville, LA 70057
Three-property multifamily portfolio with 75 units and upside potential.
Property Size61,740 SF
Price / SF$91.51
Days on Market159
Property Features for 15909 River Rd
General Information
Standard status
Active
Size
61,740 SF
Property subtype
Multifamily
Amenities
Fully renovated 50-unit multifamily asset in Hahnville with renovations completed in 2022, offering a more turnkey profile with no deferred maintenance.
Large 43,300 SF community on 4.11 acres with 75 surface parking spaces, masonry construction, and on-site laundry facilities.
Additional adjacent land included for potential expansion, amenity additions, parking enhancement, or future monetization opportunities.
Located in an Opportunity Zone with access to major regional employers including Shell Norco, Valero, Marathon, and nearby healthcare and university demand drivers.
Building Details
Units
50
Listing Agency:
Baton Rouge Office
Listed By:
Charlie Smith · License #License(s): LA: SALE.995716472-ACT, FL: SL3616846, NV: S0203780
(225) 376-6800
Source:
Marcusmillichap
Added: Apr 3
Changed: Sep 5
Last Checked: Sep 6 at 3:55AM
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
Investment Insights
Based on property information with market context.
This offering memorandum presents the opportunity to acquire a three-property multifamily portfolio totaling 75 units and 61,740 rentable square feet. The portfolio provides immediate scale with diversified income across three assets, supported by strong in-place operations and a clear underwriting framework. Current modeling reflects full occupancy and durable baseline cash flow, positioning the acquisition to perform from day one while still offering meaningful upside. The portfolio’s value-add thesis is straightforward and executable: capture rent growth through mark-to-market leasing and targeted interior improvements, while improving operations and controllable expenses to expand NOI. Each asset contributes a distinct lever. River Road anchors the portfolio with a strong story (Opportunity Zone positioning, 2022 renovation, and additional land/amenity potential), while Magazine and Second provide boutique infill exposure with practical upgrade pathways and operational improvements.
Key Highlights
- Portfolio of 75 units across three properties provides immediate scale and diversified income.
- Strong in‑place operations and durable baseline cash flow for immediate performance.
- Value‑add potential through rent growth, interior improvements, and operational efficiencies.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 70057, LA
4,201
Population
1,628
Households
2.6
Avg Household Size
41
Median Age
15%
College-Educated
86%
High-School Grad
44.5 sq mi
ZIP Area
94
Density / Sq Mi
$62,361
Median Household Income
$45,286
Median Earnings
$676
Median Rent
$217,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-property multifamily portfolio with 75 units and upside potential.
Where is this apartment building located?
The property is located at 15909 River Rd Hahnville, LA.
What is the asking price?
The asking price for this property is $5,650,000.
What are key features of this property?
This property features: Portfolio of 75 units across three properties provides immediate scale and diversified income.; Strong in‑place operations and durable baseline cash flow for immediate performance.; Value‑add potential through rent growth, interior improvements, and operational efficiencies.
