7-Unit Apartment
For Sale
$495,000
1500 Madison St, Gretna, LA 70053
One-story multifamily property with tile flooring and a mix of one- and two-bedroom apartments.
Property Size5,032 SF
Price / SF$98.37
Days on Market15
Property Features for 1500 Madison St
General Information
Standard status
Active
Size
5,032 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA, 1 x 2BR/1.5BA, 2 x 1BR/1BA
Multifamily Units
7
Building Details
Buildings
1
Stories
1
Construction
cinder block
Listing Agency:
Compass Westbank
(504) 657-8015
Listed By:
Lito Dominguez
(504) 657-8015
Source:
Exprealty
Added: Jul 28
Changed: Aug 8
Last Checked: Aug 10 at 7:24AM
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 Compass Westbank
Investment Insights
Based on property information with market context.
This one-story apartment building in Gretna contains 7 units totaling 5,032 square feet. The unit mix includes four 2-bedroom, 1-bath apartments, one 2-bedroom, 1.5-bath apartment, and two 1-bedroom, 1-bath apartments. Cinder block construction and tile flooring throughout the units provide durable building and interior finishes.
Four of the 7 units are occupied, while three are vacant. The owner pays the property’s water bill, and electricity is included in the rent for two units. The property is located at 1500 Madison St in Gretna, Louisiana.
Four of the 7 units are occupied, while three are vacant. The owner pays the property’s water bill, and electricity is included in the rent for two units. The property is located at 1500 Madison St in Gretna, Louisiana.
Key Highlights
- 7‑unit apartment building totaling 5,032 square feet
- Unit mix includes four 2‑bedroom, 1‑bath units; one 2‑bedroom, 1.5‑bath unit; and two 1‑bedroom, 1‑bath units
- 4 of 7 units are occupied
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - One-story multifamily property with tile flooring and a mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 1500 Madison St Gretna, LA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 7‑unit apartment building totaling 5,032 square feet; Unit mix includes four 2‑bedroom, 1‑bath units; one 2‑bedroom, 1.5‑bath unit; and two 1‑bedroom, 1‑bath units; 4 of 7 units are occupied
