Multifamily Portfolio of 75
15909 River Rd Hahnville, LA 70057
For Sale
$6,520,000
Three-property multifamily portfolio with 75 units and upside potential.
Property Size61,740 SF
Price / SF$105.60
Days on Market114
Property Features for 15909 River Rd
General Information
- Standard status
- Active
- Size
- 61,740 SF
- Property subtype
- Multifamily
Listing Agency:
Baton Rouge Office
(225) 376-6725
Listed By:
Charlie Smith · License #License(s): LA: SALE.995716472-ACT, FL: SL3616846
(225) 376-6725
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 24 at 4:39AM
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 Baton Rouge Office
Investment Insights
Based on property information with market context.
This offering memorandum presents the opportunity to acquire a three-property multifamily portfolio totaling 75 units and 61,740 rentable square feet. The portfolio provides immediate scale with diversified income across three assets, supported by strong in-place operations and a clear underwriting framework. Current modeling reflects full occupancy and durable baseline cash flow, positioning the acquisition to perform from day one while still offering meaningful upside. The portfolio’s value-add thesis is straightforward and executable: capture rent growth through mark-to-market leasing and targeted interior improvements, while improving operations and controllable expenses to expand NOI. Each asset contributes a distinct lever. River Road anchors the portfolio with a strong story (Opportunity Zone positioning, 2022 renovation, and additional land/amenity potential), while Magazine and Second provide boutique infill exposure with practical upgrade pathways and operational improvements.
Key Highlights
- Portfolio of 75 units across three properties provides immediate scale and diversified income.
- Strong in‑place operations and durable baseline cash flow for immediate performance.
- Value‑add potential through rent growth, interior improvements, and operational efficiencies.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
River Park Apartments
Apartment Building
Advanced Arts
Art Gallery
FAQs
What type of property is this?
Apartment building - Three-property multifamily portfolio with 75 units and upside potential.
Where is this apartment building located?
The property is located at 15909 River Rd Hahnville, LA.
What is the asking price?
The asking price for this property is $6,520,000.
What are key features of this property?
This property features: Portfolio of 75 units across three properties provides immediate scale and diversified income.; Strong in‑place operations and durable baseline cash flow for immediate performance.; Value‑add potential through rent growth, interior improvements, and operational efficiencies.
