Renovated Multifamily
For Sale
Contact for pricing
1515 W McNeese St, Lake Charles, LA 70605
Multifamily portfolio with 1,072 units and major interior and exterior renovations, including new roofs, across most properties.
Property SizeContact for details
Days on Market123
Property Features for 1515 W McNeese St
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Stirling Properties Baton Rouge
Listed By:
Chad Rigby · License #MS B-21591
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 5:14AM
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 Stirling Properties Baton Rouge
Investment Insights
Based on property information with market context.
This for-sale multifamily portfolio totals 1,072 units and has undergone significant interior renovation and major exterior capital work across most of the portfolio. Public remarks note that many units now feature new interiors, along with exterior improvements including new roofs, with individual property-level renovation and construction details available in the property information section.
The remarks also describe post-hurricane rental demand as strong, with most properties operating at full to nearly full occupancy for rent-ready units. Pent-up demand is noted to have resulted in waiting lists as units become available.
From a management and income standpoint, the portfolio’s scale and close proximity of properties are cited as enabling ownership to reduce management costs per property. Additional value is described as available through upgraded interiors and the ability to remove in-place LURA to convert all units to market-rate rents, with value-add still associated with remaining un-renovated interior units on a portion of the portfolio.
The remarks also describe post-hurricane rental demand as strong, with most properties operating at full to nearly full occupancy for rent-ready units. Pent-up demand is noted to have resulted in waiting lists as units become available.
From a management and income standpoint, the portfolio’s scale and close proximity of properties are cited as enabling ownership to reduce management costs per property. Additional value is described as available through upgraded interiors and the ability to remove in-place LURA to convert all units to market-rate rents, with value-add still associated with remaining un-renovated interior units on a portion of the portfolio.
Key Highlights
- Multifamily portfolio totaling 1,072 units.
- Major interior renovations completed across the majority of the portfolio, with brand‑new interiors reported.
- Exterior capex completed on many properties, including new roofs placed across the portfolio.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Explore this area
Business Placement
Demographics for 70605, LA
39,903
Population
17,926
Households
2.2
Avg Household Size
38
Median Age
42%
College-Educated
97%
High-School Grad
43.0 sq mi
ZIP Area
928
Density / Sq Mi
$88,337
Median Household Income
$46,173
Median Earnings
$1,348
Median Rent
$293,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily portfolio with 1,072 units and major interior and exterior renovations, including new roofs, across most properties.
Where is this apartment building located?
The property is located at 1515 W McNeese St Lake Charles, LA.
What are key features of this property?
This property features: Multifamily portfolio totaling 1,072 units.; Major interior renovations completed across the majority of the portfolio, with brand‑new interiors reported.; Exterior capex completed on many properties, including new roofs placed across the portfolio.
