Renovated Apartment
For Sale
Contact for pricing
807 Walters St, Lake Charles, LA 70607
Updated residences and shared areas serve a stabilized multifamily community near retail, healthcare, education, and employment centers.
Property Size166,512 SF
Days on Market160
Property Features for 807 Walters St
General Information
Standard status
Active
Size
166,512 SF
Property subtype
Multifamily
Occupancy
96%
Financials
Gross Income
$2,030,000
Average Monthly Rent
$960
Additional Details
Highway Access
Yes
Multifamily Units
176
Building Details
Year Built
1973
Year Renovated
2022
Buildings
17
Stories
2
Units
176
Listing Agency:
Marcus & Millichap - Baton Rouge
(225) 376-6726
Listed By:
John Hamilton · License #LA: BROK.68998-ASA
Source:
Crexi
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 31 at 5:05PM
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 Marcus & Millichap - Baton Rouge
Investment Insights
Based on property information with market context.
This 176-unit apartment community was constructed in 1973 and substantially renovated in 2022. Improvements span apartment interiors, appliances, flooring, exteriors, roofing, mechanical systems, and common areas, resulting in updated finishes and refreshed building systems. The property is operating at 96% occupancy and has limited near-term capital needs identified in the available property information.
The community is located at 807 Walters Street in Lake Charles, approximately one mile from the I-210 loop. McNeese State University is roughly half a mile away, and Lake Charles Memorial employment is directly across the street. Nearby demand drivers include retail, healthcare, education, petrochemical, gaming, and industrial employment.
The renovation program addressed both residential units and major site-wide components, creating a cohesive apartment asset with updated common spaces and building improvements.
The community is located at 807 Walters Street in Lake Charles, approximately one mile from the I-210 loop. McNeese State University is roughly half a mile away, and Lake Charles Memorial employment is directly across the street. Nearby demand drivers include retail, healthcare, education, petrochemical, gaming, and industrial employment.
The renovation program addressed both residential units and major site-wide components, creating a cohesive apartment asset with updated common spaces and building improvements.
Key Highlights
- 176‑unit apartment community
- Originally built in 1973 and extensively renovated in 2022
- 96% occupancy
Property Analytics
Property Profile
Current Use
Lease Details
176
Residential units
96%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Explore this area
Business Placement
Demographics for 70607, LA
30,339
Population
13,692
Households
2.2
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
263
Density / Sq Mi
$58,427
Median Household Income
$35,815
Median Earnings
$1,053
Median Rent
$171,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated residences and shared areas serve a stabilized multifamily community near retail, healthcare, education, and employment centers.
Where is this apartment building located?
The property is located at 807 Walters St Lake Charles, LA.
What are key features of this property?
This property features: 176‑unit apartment community; Originally built in 1973 and extensively renovated in 2022; 96% occupancy
