4545 MacArthur Boulevard

New Orleans LA 70131

101

174

59199 sq. ft.

89211 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

4545 MacArthur Boulevard presents an opportunity to acquire an 87 unit apartment community in New Orleans, Louisiana. The property totals approximately 59,199 gross square feet on a site of roughly 89,210 square feet, offering investors meaningful scale within a single acquisition. Unit mix includes efficiency, one bedroom and two bedroom units. The property is currently 92% occupied. The asset benefits from the city's enduring demand for workforce and market rate rental housing, and its 87 unit count supports professional on site or regional management. It offers a compelling platform for cash flow stabilization or value add execution, with an 8.7% in place cap rate and 11.8% pro forma cap rate, priced at $79,885 per unit. Value add upside through cosmetic interior renovations and returning offline units to service. Zoned S-RM1. Full rent roll and financial details are available through Bridgewater Realty Advisors upon execution of a confidentiality agreement. All information is deemed accurate but is not guaranteed. Buyers and agents are to verify all information independently.