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1425 Monroe Street, Gretna, LA 70053

Gretna
Local realty services provided by:CENTURY 21 Buelow-Miller Realty
1425 Monroe Street,Gretna, LA 70053
$3,295,000
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  • 31 Beds
  • 31 Baths
  • 12,925 sq. ft.
  • Multi-family
  • Active
Listed by: blaine h tatje
Office: team tatje realtors, llc.
MLS#:2576731
Source:LA_CLBOR

Price summary

  • Price:$3,295,000
  • Price per sq. ft.:$254.93

About this home

Investment opportunity in Gretna! Woodcrest Apartments is a 31-unit multifamily portfolio consisting of 3 buildings. The low-rise properties feature durable cinder block construction, solid-surface flooring and roofs replaced in 2021. All units are configured as 1 bedroom/1 bath. The offering also includes two adjacent parcels, approximately 0.18 and 0.24 acres, providing additional flexibility and potential for the future buyer.Currently generating an annual rent roll of approximately $383,268, with a reported 2025 NOI of $253,772.99 and an in-place cap rate of 7.70%. The portfolio is offered at $3,295,000, including the adjacent parcels. Convenient Gretna location with easy access to surrounding Westbank amenities and New Orleans. Excellent opportunity to acquire an established income-producing multifamily asset with additional land included.

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Home facts

  • Year built:1980
  • Listing ID #:2576731
  • Added:44 day(s) ago
  • Updated:October 28, 2026 at 02:16 PM

Rooms and interior

  • Bedrooms:31
  • Total bathrooms:31
  • Full bathrooms:31
  • Living area:12,925 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)

Structure and exterior

  • Year built:1980
  • Building area:12,925 sq. ft.
  • Lot Features:Corner Lot
  • Construction Materials:Block, Frame
  • Foundation Description:Slab

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,295,000
  • Price per sq. ft.:$254.93

Parking

  • Parking description:None

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