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1500 Madison Street, Gretna, LA 70053

Gretna
Local realty services provided by:CENTURY 21 Buelow-Miller Realty
1500 Madison Street,Gretna, LA 70053
$495,000Last list price
  • 12 Beds
  • 8 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: lito n dominguez, samantha alise oneil
Office: compass westbank
MLS#:2568930
Source:LA_CLBOR

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Price summary

  • Price:$495,000

About this home

Great opportunity to own a 7-unit multifamily property in Gretna with plenty of upside for investors. This one-story cinder block building includes four 2-bedroom, 1-bath units, one 2-bedroom, 1.5-bath unit, and two 1-bedroom, 1-bath units. All units feature durable tile flooring throughout for easy maintenance. Currently, 4 of the 7 units are occupied, providing immediate rental income, while the 3 vacant units offer the chance to increase cash flow by leasing them at market rates. The owner pays the water bill for the property and includes electricity in the rent for two of the units. Whether you're looking to expand your portfolio or add a value-add property with strong income potential, this is an investment worth a closer look.

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Home facts

  • Year built:1970
  • Listing ID #:2568930
  • Added:92 day(s) ago
  • Updated:October 29, 2026 at 08:48 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:8
  • Full bathrooms:7
  • Half bathrooms:1

Heating and cooling

  • Cooling:Window Unit(s)

Structure and exterior

  • Year built:1970
  • Construction Materials:Block
  • Foundation Description:Slab

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$495,000

Parking

  • Parking description:Off Street

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