New Construction Fourplex in
2900 N MONTEREY Court, Gretna, LA 70056
MULTI_FAMILY - Gretna, LA
Property size:
4,151 SFLot size:
0.16 AcresPrice / SF:
$175/SF- Added:
- May 12, 2026
- Days on Market:
- 57
- Last Refresh:
- Jul 7 at 7:06 am
Property Features for 2900 N MONTEREY Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 200008407
- Size
- 4,151 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Description
- LOT 1-A SQ B TRIANON SQUARE
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
Listing agent Heba Awawda (504) 862-0100
Listing office Keller Williams Realty New Orleans 8601 Leake Ave., New Orleans, LA (504) 862-0100
Listing date May 12, 2026
MLS# 2557548
Listing URL
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Brand new construction fourplex built in 2026, offering immediate rental income potential.
- Four units, each with 3 bedrooms and 2 bathrooms, totaling 4,150 sq ft of gross living area.
- Each unit features a fully equipped kitchen with stainless steel appliances and a primary suite with private bath including soaking tub.
- Separate entries, water heaters, and individual laundry rooms for each unit.
- Ample off‑street parking, covered porches, and a gated iron fence.
- Located outside of the special flood hazard area (Zone X500).
Overview
The property is a brand-new construction fourplex featuring four residential units arranged with two units on the first floor and two units on the second floor. Each unit includes three bedrooms and two bathrooms, with an open living area and a fully equipped kitchen featuring stainless steel appliances. Interiors are finished with laminate flooring, and the primary suite includes a private bath with a soaking tub and tile surround. The building is equipped with a fire alarm and sprinkler system, and each unit has its own separate entry, water heater, and laundry room. Exterior improvements include covered porches, a large concrete driveway, ample off-street parking, and a gated iron fence.
The fourplex is located at 2900 N MONTEREY Court in Gretna, within Jefferson Parish. The property is zoned RR3 - Three and Four Family Residential District. It is stated to be outside the special flood hazard area (Zone X500).
This configuration is well suited for tenants or owner-occupants looking for separate, independently entered units within a purpose-built income property. With all four units sharing the same general layout and having in-unit laundry and dedicated water heating, it can be practical for operations and maintenance planning. The property’s described new construction condition and lack of deferred maintenance may appeal to buyers seeking a turnkey residential income asset in an RR3 setting.
The fourplex is located at 2900 N MONTEREY Court in Gretna, within Jefferson Parish. The property is zoned RR3 - Three and Four Family Residential District. It is stated to be outside the special flood hazard area (Zone X500).
This configuration is well suited for tenants or owner-occupants looking for separate, independently entered units within a purpose-built income property. With all four units sharing the same general layout and having in-unit laundry and dedicated water heating, it can be practical for operations and maintenance planning. The property’s described new construction condition and lack of deferred maintenance may appeal to buyers seeking a turnkey residential income asset in an RR3 setting.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.2k | $17.16 |
| − Vacancy | −$6.2k | −$1.48 |
| EGI | $65.1k | $15.68 |
| − OpEx | −$19.5k | −$4.70 |
| NOI | $45.6k | $10.97 |
4,151 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$650.8K
$569.4K – $759.2K
NOI $45,554 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$608.4K
$532.3K – $709.8K
NOI $42,585 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$1.10M
$958.3K – $1.28M
NOI $76,661 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Gretna
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.016609
- Latitude
- 29.892164
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Brand-new fourplex with four separate entrances, 3-bedroom/2-bath units, and gated off-street parking.
Where is this quadplex located?
The property is located at 2900 N MONTEREY Court Gretna, LA.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Brand new construction fourplex built in 2026, offering immediate rental income potential.; Four units, each with 3 bedrooms and 2 bathrooms, totaling 4,150 sq ft of gross living area.; Each unit features a fully equipped kitchen with stainless steel appliances and a primary suite with private bath including soaking tub.
