31-Unit Apartment
For Sale
$3,295,000
1425 MONROE Street, Gretna, LA 70053
Multifamily, Gretna, LA
Property Size12,925 SF
Price / SF$254.93
Days on Market37
Property Features for 1425 MONROE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
31
Bathrooms
31
Full bathrooms
31
Rooms
Bedroom 17, Bedroom 29, Bedroom 1, Bedroom 25, Bathroom 15, Bathroom 27, Bathroom 25, Bedroom 11, Bedroom 21, Bathroom 10, Bedroom 16, Bedroom 14, Bedroom 13, Bathroom 1, Bedroom 28, Bedroom 10, Bathroom 19, Bedroom 15, Bathroom 7, Bedroom 4, Bedroom 22, Bathroom 16, Bedroom 30, Bedroom 6, Bathroom 28, Bedroom 24, Bedroom 26, Bathroom 4, Bedroom 19, Bathroom 6, Bathroom 5, Bathroom 21, Bedroom 12, Bathroom 20, Bathroom 11, Bathroom 24, Bedroom 8, Bathroom 31, Bedroom 27, Bathroom 26, Bathroom 23, Bathroom 29, Bathroom 14, Bedroom 5, Bedroom 7, Bedroom 2, Bathroom 12, Bathroom 22, Bathroom 18, Bathroom 8, Bedroom 3, Bedroom 20, Bathroom 30, Bathroom 13, Bathroom 17, Bathroom 3, Bathroom 9, Bedroom 31, Bedroom 23, Bathroom 2, Bedroom 9, Bedroom 18
Lot features
Corner Lot
Standard status
Active
APN
0100002780
Size
12,925 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
LOT Y SQ 86 & PORTIONS OF LOTS 6 7 & 8 SQ 86 MCDONOGHVILLE
Legal Description
LOT Y SQ 86 & PORTIONS OF LOTS 6 7 & 8 SQ 86 MCDONOGHVILLE
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1980
Number of units
31
Building materials
Block, Frame
Buildings
3
Listing Agency:
Team Tatje Realtors, LLC
Listed By:
Blaine H Tatje · License #995712484
(504) 293-2460
Added: Sep 17
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2576731
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Gretna apartment portfolio comprises 31 residences across three low-rise buildings. Each unit has one bedroom and one bathroom, and the property totals 12,925 square feet. Solid-surface flooring is installed, and the roofs were replaced in 2021. The buildings date to 1980 and have window-unit cooling.
The offering also includes two adjoining parcels, approximately 0.18 and 0.24 acres. Public water and sewer serve the property, and natural gas is available. The in-place cap rate is 7.70%.
The offering also includes two adjoining parcels, approximately 0.18 and 0.24 acres. Public water and sewer serve the property, and natural gas is available. The in-place cap rate is 7.70%.
Key Highlights
- 31 apartments across 3 low‑rise buildings
- All units are configured with 1 bedroom and 1 bathroom
- 12,925 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,597
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,940
$2.7M
Cap Rate 7%
$1,894,243
$1.9M
Cap Rate 9%
$1,473,300
$1.5M
Market Conditions
NOI Build-Up for 12,925 SF
Gross rent
$265.2K $20.52/SF
− Vacancy
−$24.1K −$1.87/SF
EGI
$241.1K $18.65/SF
− OpEx
−$108.5K −$8.39/SF
NOI
$132.6K $10.26/SF
Area
Jefferson County, LA
Vacancy
9.10%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,940
Cap Rate 7%
$1,894,243
Cap Rate 9%
$1,473,300
Alternative Uses
Best Use
Apartment 5plus
$1.89M
$1.66M – $2.21M
NOI $132,597 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.41M
$2.98M – $3.98M
NOI $238,699 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
31
Residential units
Location Intelligence
Trade Area within ½ mile
1,485
Businesses Nearby
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Business Placement
Demographics for 70053, LA
16,509
Population
7,865
Households
2.1
Avg Household Size
39
Median Age
24%
College-Educated
75%
High-School Grad
3.4 sq mi
ZIP Area
4,856
Density / Sq Mi
$43,786
Median Household Income
$31,667
Median Earnings
$1,017
Median Rent
$225,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three low-rise buildings offer one-bedroom, one-bathroom residences, with two adjoining parcels included.
Where is this apartment building located?
The property is located at 1425 MONROE Street Gretna, LA.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: 31 apartments across 3 low‑rise buildings; All units are configured with 1 bedroom and 1 bathroom; 12,925 square feet of building area
