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Renovated Apartment Building For Sale

321-325 Bengal Road, River Ridge, LA 70123

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For Sale

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Recently renovated 16-unit apartment building with income potential.

Type:Multifamily

Property size:

6,429 SF

Price / SF:

$198/SF

HighLights

Significant recent renovations: Over $250,000 spent on upgrades including plumbing, interior renovations to ~3/4 of units, and complete bathroom renovations.
High occupancy rate: 14/16 units currently occupied, providing immediate income.
Potential for increased income: Opportunity to increase rent roll and property value by achieving 100% occupancy.
Strong current rental income: Gross monthly rents currently over $16,000/month.
Durable metal roof: Metal roof in great shape with new screws and foam.
Enhanced security: Security cameras installed.

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Bryce Marullo

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For Sale

Contact for pricing

Recently renovated 16-unit apartment building with income potential.

Type:Multifamily

Property size:

6,429 SF

Price / SF:

$198/SF

Added:: Mar 13, 2026
Days on Market:: 117
Last Refresh:: Jun 28 at 3:41 pm

Property Features for 321-325 Bengal Road

General Information

Standard status: Active
Size: 6,429 SF
Property subtype: Multifamily

Building Details

Year Built: 1980

We can help!

Contact an agent

Bryce Marullo

Listing office Bridgewater Realty Advisors

Listing date Mar 13, 2026

Source Crexi

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 Bridgewater Realty Advisors

HighLights

Significant recent renovations: Over $250,000 spent on upgrades including plumbing, interior renovations to ~3/4 of units, and complete bathroom renovations.
High occupancy rate: 14/16 units currently occupied, providing immediate income.
Potential for increased income: Opportunity to increase rent roll and property value by achieving 100% occupancy.
Strong current rental income: Gross monthly rents currently over $16,000/month.
Durable metal roof: Metal roof in great shape with new screws and foam.
Enhanced security: Security cameras installed.

Overview

This multifamily property features 16 units, with approximately three-quarters of the units having undergone interior renovations. These renovations include new flooring, sheetrock, paint, appliances, and complete bathroom upgrades. The property has undergone over $250,000 in renovation work within the past year, including all new underground plumbing. A metal roof is in good condition with new screws and foam. A new shed is available for maintenance storage. Security cameras are installed. Currently, 14 out of 16 units are occupied. Gross monthly rents are currently over $16,000 per month and are projected to exceed $18,000 per month at full occupancy. The property size is 6,429 square feet. Agent/Owner.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$131.9k	$20.52
− Vacancy	−$12.0k	−$1.87
EGI	$119.9k	$18.65
− OpEx	−$54.0k	−$8.39
NOI	$66.0k	$10.26

6,429 SF · lease $20.52/SF/yr · vacancy 9.10% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$942.2K

$824.4K – $1.10M (±1% cap)

NOI $65,955 @ 7.0% cap · market cap 5.17%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.65M

$1.44M – $1.92M (±1% cap)

NOI $115,447 @ 7.0% cap · market cap 9.05%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: River Ridge
County: Jefferson
State: Louisiana
Longitude: -90.236336
Latitude: 29.972145

For sale
Apartment buildings
LA
River Ridge
70123
321-325 Bengal Road

What type of property is this?

Apartment building - Recently renovated 16-unit apartment building with income potential.

Where is this apartment building located?

The property is located at 321-325 Bengal Road River Ridge, LA.

What is the asking price?

The asking price for this property is $1,275,000.

What are key features of this property?

This property features: Significant recent renovations: Over $250,000 spent on upgrades including plumbing, interior renovations to ~3/4 of units, and complete bathroom renovations.; High occupancy rate: 14/16 units currently occupied, providing immediate income.; Potential for increased income: Opportunity to increase rent roll and property value by achieving 100% occupancy.