Multifamily Property for Sale in New Orleans, LA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: New Orleans, LA 70131

Description

Marcus & Millichap is pleased to present the exclusive listing of MacArthur Place, a 48-unit apartment community located just 10 minutes from Downtown New Orleans. Fully renovated in 2007, the property offers modern systems, minimal deferred maintenance, and a proven history of near-full occupancy. Investors benefit from immediate 9% day-one cash-on-cash returns with the opportunity to further enhance income by implementing a utility bill-back program and activating the central courtyard for new amenities. Investment Highlights: • 9% day-one cash-on-cash return with strong in-place income • Add RUBS to shift utility costs and meaningfully boost NOI • Courtyard activation offers revenue upside through enhanced resident appeal

Market Context

This multifamily in New Orleans, LA is listed for sale. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in New Orleans, LA — <a href="/search/sale/multifamily/louisiana/new-orleans">view the full market</a>.

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