About This Home

This 31-bedroom, 31-bathroom residential multi family at 1425 MONROE Street in Gretna, LA is listed for $3,295,000 ($255 per sqft). Built in 1980, the home offers 12,925 sqft of living space on a N/A lot.

Key Features

  • Built in 1980

Property Details

31 full
1980

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$17,622/mo

20% down · 6.5% · 30 years

Principal$2,383
Interest$14,278
Insurance$961

Estimates only. Actual payments may vary.

Location

1425 MONROE Street

Gretna, LA 70053

Property Details

Construction

Block Frame

Cooling

Window Unit(s)

Questions & Answers

This 31-bedroom, 31-bathroom residential multi family at 1425 MONROE Street is listed at $3,295,000 ($255/sqft). The estimated monthly payment is $17,622 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1980.

This property is listed by Blaine H Tatje.

BT

Blaine H Tatje

License 995712484

Agent at Forte Realty

Listed by Forte Realty · Broker phone: (504) 276-2668 · View on Broker Site · Broker website

MLS# 2576731· Source: ROAM MLS· 45 days on PropertySimple

Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1425 MONROE Street, Gretna, LA 70053

Open this listing in: