1500 Madison Street
Gretna, LA 70053
12
Bed
8
Bath
5,032Sqft
0.23Acre(Lot)
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.
Property Details
Map
Map
Features
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Bedroom Information
Total beds: 12Bathroom Information
Full Baths: 7 Half Baths: 1Roofing Information
Shingle -
Interior Features
Roof: Shingle -
Heating & Cooling
Has Heating: Yes Heating: WindowUnit Has Cooling: Yes Cooling: WindowUnits
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Building Information
Year Built: 1970Construction Materials: BlockStories: 1Pool Features: NonePrivate Pool: No
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Lot Information
Lot Dimensions: 60x160 Main Square Feet: 0.2273 Lot Size Acres: 0.2273 Lot Description: CityLot,RectangularLot
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Listing Price Information
Listing Price: $495000
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Tax Information
Parcel Number: 0100003943 Tax Legal Desc: LOT A SQ 87 MC DONOGHVILLE
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Virtual Tour
Parking Information
OffStreet
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Location Information
WaterSource: Public
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ByOwner last updated this listing 08/14/2026 @ 12:57
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