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Eight-Unit Multifamily Property
For Sale
$270,000

2804 Monroe Street, Alexandria, LA 71301

Four duplex buildings offer a mix of occupied apartments and units requiring rehabilitation.

Property Size550 SF
Price / SF$490.91
Days on Market72

Property Features for 2804 Monroe Street

General Information

Standard status Active
Size 550 SF
Property subtype MULTI FAMILY FOR SALE / Townhouse

Property Condition

Severity Repairs Needed
Evidence TLC

Units

Unit Mix 8 x 2BR/1BA
Multifamily Units 8

Additional Details

Gross Income $24,000

Amenities

private porch
washer/dryer combo hookups
Central Air, Window Unit(s)
1
8
16
Asphalt
Slab: Traditional
Brick
Porch

Building Details

Year Built 1976
Buildings 4
Listing Agency: The Wilder Group
Listed By: Jessica Gallent · License #995709205
Source: Compass
Added: Jun 25 Changed: Sep 2 Last Checked: Sep 1 at 11:14PM

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 The Wilder Group

Investment Insights

Based on property information with market context.

This multifamily property comprises four duplex buildings with eight apartments in total. Each apartment has two bedrooms, one bathroom, a private porch, and washer/dryer connections. Four apartments are occupied, while the remaining four require TLC and rehabilitation. The buildings feature brick exteriors, traditional slab foundations, asphalt surfaces, and porch areas. Heating and cooling features include central air and window units.

Constructed in 1976, the property includes the addresses 2804 A & B, 2806 A & B, 2808 A & B, and 2810 A & B on Monroe Street in Alexandria, Louisiana. The property is owned by an LLC and has been managed by a local property management company.

Key Highlights

  • Four duplex buildings containing eight apartments
  • Four apartments occupied; four units require TLC and rehabilitation
  • Each apartment includes 2 bedrooms and 1 bathroom

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Cafe & Coffee Shop Dental Office Kitchen & Bath Showroom

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

398
Businesses Nearby

Demographics for 71301, LA

20,454
Population
9,173
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
81%
High-School Grad
12.5 sq mi
ZIP Area
1,636
Density / Sq Mi
$44,330
Median Household Income
$31,233
Median Earnings
$919
Median Rent
$156,700
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?
Multifamily property - Four duplex buildings offer a mix of occupied apartments and units requiring rehabilitation.
Where is this multifamily property located?
The property is located at 2804 Monroe Street Alexandria, LA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Four duplex buildings containing eight apartments; Four apartments occupied; four units require TLC and rehabilitation; Each apartment includes 2 bedrooms and 1 bathroom
More about this property
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