Multifamily Portfolio of 75 Units

15909 River Rd, Hahnville, LA 70057

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For Sale

$11,050,000

Three-property multifamily portfolio with 75 units and upside potential.

Type:Multifamily

Property size:

61,740 SF

Price / SF:

$178/SF

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.
River Road property offers Opportunity Zone positioning, 2022 renovation, and additional land/amenity potential.
Magazine and Second properties offer boutique infill exposure with upgrade pathways.
Clear underwriting framework.

We can help!

Listing Contact

Charlie Smith

Learn more

For Sale

$11,050,000

Three-property multifamily portfolio with 75 units and upside potential.

Type:Multifamily

Property size:

61,740 SF

Price / SF:

$178/SF

Added:: Apr 3, 2026
Days on Market:: 68
Last Refresh:: Apr 3 at 4:59 am

Property Features for 15909 River Rd

General Information

Standard status: Active
Size: 61,740 SF
Property subtype: Multifamily

We can help!

Listing Contact

Charlie Smith

Listing agent Charlie Smith License #LA: SALE.995716472-ACT, FL: SL3616846, NV: S0203780

Listing office Baton Rouge Office

Listing date Apr 3, 2026

Source Marcusmillichap

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

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.
River Road property offers Opportunity Zone positioning, 2022 renovation, and additional land/amenity potential.
Magazine and Second properties offer boutique infill exposure with upgrade pathways.
Clear underwriting framework.

Overview

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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.27M	$20.52
− Vacancy	−$115.3k	−$1.87
EGI	$1.15M	$18.65
− OpEx	−$518.2k	−$8.39
NOI	$633.4k	$10.26

61,740 SF · lease $20.52/SF/yr · vacancy 9.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$9.05M

$7.92M – $10.56M (±1% cap)

NOI $633,389 @ 7.0% cap · market cap 5.73%

Second Best

—

no second resolved use

Theoretical Best

Office A

$16.29M

$14.25M – $19.00M (±1% cap)

NOI $1,140,214 @ 7.0% cap · market cap 10.32%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

River Park Apartments Apartment Building Advanced Arts Art Gallery

Suggested Use

Location Insight

Map
Local Demand

City: Hahnville
County: St. Charles
State: Louisiana
Longitude: -90.41028
Latitude: 29.984868

For sale
Apartment buildings
LA
Hahnville
70057
15909 River Rd

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 $11,050,000.

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.