Login

1205 Mehle Street, Arabi, LA 70032

Arabi
Local realty services provided by:CENTURY 21 Action Realty
1205 Mehle Street,Arabi, LA 70032
$4,450,000
  • - Beds
  • - Baths
  • 57,600 sq. ft.
  • Multi-family
  • Active
Listed by: mason mccullough, bryce danna-marullo
Office: bridgewater realty advisors, llc.
MLS#:NO2488793
Source:LA_RAAMLS

Price summary

  • Price:$4,450,000
  • Price per sq. ft.:$77.26

About this home

8.27% cap rate on actual NOI! 10.71% pro forma cap rate. The Arabi Townhomes is a well-maintained 60-unit apartment community located at 1205 Mehle St in Arabi, LA. Offering 60 spacious two-bedroom, 1.5-bathroom units, this property is 100% occupied, providing a solid, stable income stream. $54,525 per month gross income - far exceeds 1% rule. Recent market rent comparables indicate that with minor cosmetic updates, the units can command $1,100 per month, unlocking additional revenue potential. This property has been expertly managed and maintained, with a historically high occupancy rate, making it an excellent choice for investors seeking both reliable cash flow and value-add potential for even greater returns. Arabi, LA, is a charming and rapidly developing community located just minutes from New Orleans, offering a unique blend of suburban tranquility and urban accessibility. With its proximity to major highways and the historic French Quarter, Arabi offers the perfect balance of...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:NO2488793
  • Added:329 day(s) ago
  • Updated:August 25, 2026 at 03:58 PM

Rooms and interior

  • Living area:57,600 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Heat
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Building area:57,600 sq. ft.
  • Lot area:1.64 Acres
  • Construction Materials:Frame
  • Foundation Description:Slab
  • Levels:2 Story

Finances and disclosures

  • Price:$4,450,000
  • Price per sq. ft.:$77.26

Parking

  • Parking description:Parking Lot

New listings near 1205 Mehle Street