1425 Monroe Street
Gretna, LA 70053
31
Bed
0
Bath
12,925Sqft
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-
Property Details
Map
Map
Features
-
Bedroom Information
Total beds: 31Bathroom Information
Full Baths: 31Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle -
Heating & Cooling
Has Heating: Yes Heating: WindowUnit Has Cooling: Yes Cooling: WindowUnits
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Building Information
Year Built: 1980Construction Materials: Block, FrameStories: 1Pool Features: NonePrivate Pool: No
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Lot Information
Lot Dimensions: 124x206x128x167 Lot Description: CornerLot,CityLot,OversizedLot
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Listing Price Information
Listing Price: $3295000
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Tax Information
Parcel Number: 0100002780 Tax Legal Desc: LOT Y SQ 86 & PORTIONS OF LOTS 6 7 & 8 SQ 86 MCDONOGHVILLE
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Virtual Tour
Parking Information
None
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Location Information
WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1500 Madison Street, Gretna, LA, 70053 | $495,000 | 12 | 8 | 5,032 | 0.23 Acre |
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ByOwner last updated this listing 09/28/2026 @ 20:19
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