8-Unit Apartment
For Sale
$650,000
600 WESTWOOD Drive, Marrero, LA 70072
Multifamily, Marrero, LA
Property Size4,100 SF
Price / SF$158.54
Days on Market122
Property Features for 600 WESTWOOD Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
9
Full bathrooms
8
Half bathrooms
5
Rooms
Bathroom 12, Bathroom 7, Bedroom 5, Bathroom 1, Bathroom 10, Bathroom 5, Bathroom 8, Bedroom 7, Bedroom 8, Bedroom 2, Bathroom 9, Bathroom 4, Bedroom 4, Bedroom 9, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 11, Bedroom 6, Bathroom 3, Bathroom 13, Bathroom 6
Parking features
Driveway
Standard status
Active
APN
0420001951
Size
4,100 SF
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
LOT 1 BLOCK C WESTWOOD EXT #2
Legal Description
LOT 1 BLOCK C WESTWOOD EXT #2
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
coin-operated laundry
Building Details
Year built
1973
Number of units
8
Building materials
Brick
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Christy Dufrene Murphy · License #000020349
(985) 705-4263
Added: Jun 25
Changed: Oct 23
Last Checked: Oct 24 at 5:06AM
MLS# 2563337
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8-unit apartment property contains 4,100 square feet and was built in 1973. Brick construction, central heating and central air conditioning are reported, along with a driveway and coin-operated laundry. The property is fully occupied.
The building is in Marrero, just off the Westbank Expressway. Public water and sewer serve the property, and natural gas is available.
The building is in Marrero, just off the Westbank Expressway. Public water and sewer serve the property, and natural gas is available.
Key Highlights
- 8‑unit apartment property with 4,100 square feet
- Built in 1973
- Coin‑operated laundry on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,062
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,240
$841.2K
Cap Rate 7%
$600,886
$600.9K
Cap Rate 9%
$467,356
$467.4K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$84.1K $20.52/SF
− Vacancy
−$7.7K −$1.87/SF
EGI
$76.5K $18.65/SF
− OpEx
−$34.4K −$8.39/SF
NOI
$42.1K $10.26/SF
Area
Jefferson County, LA
Vacancy
9.10%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$841,240
Cap Rate 7%
$600,886
Cap Rate 9%
$467,356
Alternative Uses
Best Use
Apartment 5plus
$600.9K
$525.8K – $701.0K
NOI $42,062 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$946.5K – $1.26M
NOI $75,719 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Demographics for 70072, LA
56,924
Population
22,845
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
80%
High-School Grad
51.8 sq mi
ZIP Area
1,099
Density / Sq Mi
$55,866
Median Household Income
$34,411
Median Earnings
$1,091
Median Rent
$190,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick construction, central heating and air conditioning, and coin-operated laundry serve the occupied rental property.
Where is this apartment building located?
The property is located at 600 WESTWOOD Drive Marrero, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 8‑unit apartment property with 4,100 square feet; Built in 1973; Coin‑operated laundry on site
