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31 Beds
31 Baths
12,925 sqft

$3,295,000

1425 MONROE Street, Gretna LA, 70053

Price per sqft$254.93
Built in1980
Property size12,925 sqft
Property typeCondominium
Courtesy of Blaine Tatje with Team Tatje Realtors, LLC

Overview

Active

Listed Sep 17, 2026

Updated 2 weeks ago

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-producing multifamily asset with additional land included.

$21,922/mo

Est. mortgage payment based on a $3,295,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2576731

Interior Features

Bedrooms
31
Bathrooms
31
Cooling
Yes
Heating
Yes
Basement
No
MLS provider logo

Listing Contact: (504) 293-2460 

Based on information from the Gulf South Real Estate Information Network as of 10/6/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 3:48 AM UTC, 10/6/2026

 

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