6235 Chef Menteur Hwy - Apartments FOR SALE


New Orleans, LA 70126- Pines Village
$1,980,000 USD
504-582-9251
6235 Chef Menteur Hwy, New Orleans, LA for Sale
$1,980,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

6235 Chef Menteur Hwy
New Orleans, LA 70126
Pines Village


HIGHLIGHTS

  • Can be Purchased in a Portfolio Sale or a Multi-Family Sale!

OVERVIEW

6235 Chef Menteur presents a well-positioned multi-family investment in the Pines Village submarket of New Orleans, consisting of 36 units across 30,625 SF on a 0.77-acre site. Built in the 1970s and renovated in 2022, the property is 98% occupied and offers two-story buildings with a unit mix averaging 850 SF, generating average rents of $838 per unit ($0.99/SF). Features include controlled access, secure entry, on-site laundry facilities, 40 grade-level parking spaces, and central air conditioning, with utilities individually metered for electricity and central water service provided. Recent improvements include synthetic flat roofs with warranties, adding long-term durability and reduced capital expense risk. With stable tenancy, efficient layouts, and an accessible location along a major corridor, 6235 Chef Menteur provides reliable cash flow and strong appeal for investors seeking a stabilized multi-family asset in New Orleans.

FOR SALE DETAILS

PRICE

$1,980,000 USD

PRICE/SF

$73 USD /SF

# OF UNITS

36

PRICE/UNIT

$55,000

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St. James on Chef Menteur

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

40

LAND DETAILS

LAND ACRES

9 AC

LAND SF

392,040 SF

ZONING

S-RD

APN/PARCEL ID

3-9W-9-167-01

ASK ABOUT THIS PROPERTY

Troy HagstetteThe McEnery CompanyMore Info
504-582-9251

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Troy HagstetteThe McEnery CompanyMore Info
504-582-9251

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.