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100-Unit Multifamily Property
For Sale
Contact for pricing
Pending

4201 Hessmer Ave, Metairie, LA 70002

Well-maintained, self-managed 100-unit multifamily asset with single-ownership history since the early 2000s.

Property SizeContact for details
Days on Market121

Property Features for 4201 Hessmer Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 100
Listing Agency: Catalyst Property Group
Listed By: Kyle Winston · License #00252196
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Aug 9 at 9:54AM

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 Catalyst Property Group

Investment Insights

Based on property information with market context.

This 100-unit multifamily property, Lake Haven Riverside Court, is a well-maintained, self-managed asset under single ownership since the early 2000s. The offering notes opportunities for interior upgrades to current vintage finishes and modernization throughout.

The property is located at 4201 Hessmer Ave in Metairie, Louisiana. The seller and advisor describe it as positioned within its local market based on surrounding demand drivers and submarket conditions.

Overall, the current configuration supports a value-add approach centered on completing interior improvements and updating finishes while maintaining the property’s established management structure.

Key Highlights

  • 100‑unit multifamily asset in Metairie, Louisiana
  • Well‑maintained and self‑managed by single ownership since the early 2000s
  • Single‑owner operation with modernization/upgrades described as needed to interior vintage finishes

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Florist Locksmith (Bike/Boat/Book/etc) Store Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100
Residential units

Location Intelligence

Trade Area within ½ mile

3,659
Businesses Nearby

Demographics for 70002, LA

19,857
Population
9,585
Households
2.1
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
6,205
Density / Sq Mi
$65,576
Median Household Income
$50,983
Median Earnings
$1,128
Median Rent
$379,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained, self-managed 100-unit multifamily asset with single-ownership history since the early 2000s.
Where is this apartment building located?
The property is located at 4201 Hessmer Ave Metairie, LA.
What are key features of this property?
This property features: 100‑unit multifamily asset in Metairie, Louisiana; Well‑maintained and self‑managed by single ownership since the early 2000s; Single‑owner operation with modernization/upgrades described as needed to interior vintage finishes
More about this property
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