Four-Unit Apartment
For Sale
$540,000
100 Melrose Drive Unit 4, Donaldsonville, LA 70346
Well-maintained 4-unit complex with two-bedroom layouts, on-site coin laundry, and an additional shed with driveway access.
Property Size3,766 SF
Price / SF$143.39
Days on Market550
Property Features for 100 Melrose Drive Unit 4
General Information
Standard status
Active
Size
3,766 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Additional Details
Multifamily Units
4
Amenities
on-site laundry facility
separate shed
Central Air
Central
Ceramic Tile
Range/Oven, Refrigerator
1
2
Cable Available, Smoke Detector
4
Architec. Shingle, Hip Roof
Balcony
Slab: Traditional
Brick, Frame, Vinyl Siding
Building Details
Stories
2
Listing Agency:
West Bank Real Estate LLC
(225) 413-0000
Listed By:
James S MacDonald · License #0000026122
(225) 413-0000
Source:
Compass
Added: Feb 5, 2025
Changed: Aug 8
Last Checked: Aug 9 at 11:59AM
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 West Bank Real Estate LLC
Investment Insights
Based on property information with market context.
This well-maintained four-unit apartment complex offers two-bedroom, one-bath units configured with two units upstairs and two units downstairs. Each unit includes a living room, a kitchen with a dining area, and a functional layout designed for everyday living.
The property includes an on-site laundry facility featuring a coin-operated washer and dryer. A separate shed is also included and has its own driveway, providing convenient storage for lawn equipment or other property maintenance items.
The complex is located near a hospital and medical offices, supporting tenant demand for long-term renters. Owner availability is noted for buyer inquiries.
The property includes an on-site laundry facility featuring a coin-operated washer and dryer. A separate shed is also included and has its own driveway, providing convenient storage for lawn equipment or other property maintenance items.
The complex is located near a hospital and medical offices, supporting tenant demand for long-term renters. Owner availability is noted for buyer inquiries.
Key Highlights
- Well‑maintained 4‑unit apartment complex with 2‑bedroom, 1‑bath units
- Two units upstairs and two units downstairs, each with a living room and kitchen with dining area
- On‑site laundry facility with coin‑operated washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,011
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$400,220
$400.2K
Cap Rate 7%
$285,871
$285.9K
Cap Rate 9%
$222,344
$222.3K
Market Conditions
NOI Build-Up for 3,766 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.2K $9.36/SF
− Vacancy
−$6.7K −$1.77/SF
EGI
$28.6K $7.59/SF
− OpEx
−$8.6K −$2.28/SF
NOI
$20.0K $5.31/SF
Area
Ascension County, LA
Vacancy
18.90%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$400,220
Cap Rate 7%
$285,871
Cap Rate 9%
$222,344
Alternative Uses
Best Use
Multifamily LT 5
$285.9K
$250.1K – $333.5K
NOI $20,011 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$247.4K
$216.5K – $288.7K
NOI $17,321 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$826.4K
$723.1K – $964.1K
NOI $57,846 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 70346, LA
10,342
Population
4,275
Households
2.4
Avg Household Size
38
Median Age
12%
College-Educated
85%
High-School Grad
64.9 sq mi
ZIP Area
159
Density / Sq Mi
$37,490
Median Household Income
$22,364
Median Earnings
$854
Median Rent
$186,800
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?
Quadplex - Well-maintained 4-unit complex with two-bedroom layouts, on-site coin laundry, and an additional shed with driveway access.
Where is this quadplex located?
The property is located at 100 Melrose Drive Unit 4 Donaldsonville, LA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Well‑maintained 4‑unit apartment complex with 2‑bedroom, 1‑bath units; Two units upstairs and two units downstairs, each with a living room and kitchen with dining area; On‑site laundry facility with coin‑operated washer and dryer
