4545 Macarthur BLVD, New Orleans, LA 70131
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4545 Macarthur BLVD, New Orleans, LA 70131
4545 Macarthur BLVD, New Orleans, LA 70131
4545 Macarthur BLVD, New Orleans, LA 70131
4545 Macarthur BLVD, New Orleans, LA 70131
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Tyler Polk

Tyler Polk

+1(337) 241-4963
Listed byBridgewater Realty Advisors • Bryce A Danna-Marullo • 504-901-0463
$ 6,950,000
Est. payment /mo
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4545 Macarthur BLVD New Orleans, LA 70131

174 Baths

59,199 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Multifamily 5+

Listing Status Active

Purchase Type For Sale

Square Footage 59,199 sqft

Price per Sqft $117

MLS Listing ID 200VDG

Full Baths 87

Half Baths 87

HOA Y/N No

Year Built 1980

Annual Tax Amount $43,657

Lot Size 2.048 Acres

Acres 2.05

Lot Dimensions 89211

Property Sub-Type Multifamily 5+

Source ROAM MLS

Land Area 59199

Property Description

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.

Location

State LA

County Orleans

Area 2.05

Direction MacArthur Blvd

Interior

Cooling Central Air

Fireplace No

Exterior

Parking Features Off Street, Parking Lot

Utilities Available Cable Available, Cable Connected, Sewer Connected, Water Available, Underground Utilities

Garage No

Building

Lot Description Other

Water Public

New Construction No

Others

Senior Community No

Tax ID 513800916

Virtual Tour https://www.propertypanorama.com/instaview/roam/200VDG

ROAM MLS

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4545 Macarthur BLVD