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Westbank Residential 98 Unit Apartment Building $8,490,000 ($86,633/Unit) Gretna, LA 70053

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Investment Highlights

  • 98 units (plus 1 metal frame maintenance bldg.)
  • Priced well below replacement cost

Executive Summary

Introducing the Westbank Residential Portfolio, a prime investment opportunity to acquire a mix of residential income producing properties consisting primarily of single family residences, duplexes, and three multi-plexes located in Gretna, Harvey and Belle Chasse, LA. This expansive portfolio of approximately 98 individual rental units (plus 1 maintenance bldg.) have been meticulously maintained and managed offering an exceptional investment potential for multifamily investors. With very little capex required and an enviable 80% Plus occupancy rate, this property presents a compelling prospect for those seeking to expand their real estate portfolio in the stable New Orleans MSA area. Don't miss the chance to capitalize on this sleeper investment opportunity. Trailing three (3) years rent revenue have been equal to approximately $1.314M. Detailed Financial Information Disclosures can be made available to qualified parties who execute a Confidentiality Non-Disclosure Agreement.

Property Facts

Price $8,490,000
Price Per Unit $86,633
Sale Type Investment
No. Units 98
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Building Size 86,000 SF
Average Occupancy 90%
No. Stories 1
Year Built 1980
Walk Score®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
0100001556
Land Assessment
$4,880
Improvements Assessment
$0
Total Assessment
$4,880
  • Listing ID: 39421567

  • Date on Market: 2/12/2026

  • Last Updated:

  • Address: Westbank Residential, Gretna, LA 70053

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