46-Unit Apartment
New
For Sale
$2,600,000
8520 CHEF MENTEUR Highway, New Orleans, LA 70127
New Orleans East apartment complex with renovation needs in a portion of the units.
Property Size38,180 SF
Days on Market5
Property Features for 8520 CHEF MENTEUR Highway
General Information
Standard status
Active
Size
38,180 SF
Property subtype
Apartment
Property Condition
Severity
Minor
Evidence
10 of the units are in need of renovation
Additional Details
Cap Rate
12.5%
Multifamily Units
46
Building Details
Building Size
38,180 SF
Year Built
1985
Listing Agency:
RE/MAX Commercial Brokers, Inc.
(504) 915-8877
Listed By:
Richard Juge · License #BROK.31432.A-ACT
(504) 915-8877
Source:
Talbot-realty
Added: Aug 10
Changed: Aug 13
Last Checked: Aug 14 at 3:29AM
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 RE/MAX Commercial Brokers, Inc.
Investment Insights
Based on property information with market context.
Built in 1985, this 46-unit apartment complex is located at 8520 Chef Menteur Highway in New Orleans East. The property includes 10 units that require renovation, creating a defined improvement component within the existing multifamily asset.
The offering is associated with a 12.5% cap rate. Additional operating details, including the rent roll and expenses, are available through the agents.
The offering is associated with a 12.5% cap rate. Additional operating details, including the rent roll and expenses, are available through the agents.
Key Highlights
- 46‑unit apartment complex
- 10 units require renovation
- Built in 1985
Property Analytics
Property Profile
Current Use
Lease Details
46
Residential units
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 70127, LA
24,332
Population
10,719
Households
2.3
Avg Household Size
35
Median Age
25%
College-Educated
86%
High-School Grad
5.5 sq mi
ZIP Area
4,424
Density / Sq Mi
$41,548
Median Household Income
$30,817
Median Earnings
$1,060
Median Rent
$191,200
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 - New Orleans East apartment complex with renovation needs in a portion of the units.
Where is this apartment building located?
The property is located at 8520 CHEF MENTEUR Highway New Orleans, LA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 46‑unit apartment complex; 10 units require renovation; Built in 1985
