1205 MEHLE Street, Arabi, LA 70032
$4,450,000
Property Type:
MultiFamily
Square Footage:
57,600
Status:
Active
Current Price:
$4,450,000
List Date:
2/26/2025
Last Modified:
3/24/2026
Listing Details MLS# NO2488793
Listing Info
- Delayed Marketing
- No
- Listing Price
- 4450000
- List Price/SqFt
- 77.26
- Document Modified
- 2026-03-24 10:21:37.324444
- Modification Timestamp
- 2026-03-24T15:27:07Z
- Photo Modified
- 2026-03-24T15:26:41Z
Location Tax Legal Info
- Street Number
- 1205
- Street Name
- MEHLE Street
- Parish
- St. Bernard
- State
- LA
- Zip Code
- 70032
- Tax Assessment Number
- per assessor
- Directions
- Bounding Streets: St. Claude & Mehle
General Property Description
- Number of Units
- 60
- Stories
- 2
- SqFt - Total
- 57600
- SqFt - Source
- Measured
- Lot Dimensions
- 71350
Currently Not Used
- Acreage Range
- 0 - 0.5
Originating Details
- Originating System ID
- ROAMM
- Originating System Key
- 50310548
- Originating System Listing ID
- 2488793
- Originating System Name
- ROAM Matrix
Remarks & Misc
- Remarks
- 8.27% cap rate on actual NOI! 10.71% pro forma cap rate. The Arabi Townhomes is a well-maintained 60-unit apartment community located at 1205 Mehle St in Arabi, LA. Offering 60 spacious two-bedroom, 1.5-bathroom units, this property is 100% occupied, providing a solid, stable income stream. $54,525 per month gross income - far exceeds 1% rule. Recent market rent comparables indicate that with minor cosmetic updates, the units can command $1,100 per month, unlocking additional revenue potential. This property has been expertly managed and maintained, with a historically high occupancy rate, making it an excellent choice for investors seeking both reliable cash flow and value-add potential for even greater returns. Arabi, LA, is a charming and rapidly developing community located just minutes from New Orleans, offering a unique blend of suburban tranquility and urban accessibility. With its proximity to major highways and the historic French Quarter, Arabi offers the perfect balance of suburban living with easy access to the bustling city, making it a highly desirable location for both tenants and investors alike.
More Information
Office/Member/Contract Info
- List AOR
- NOMAR
Parking
- Parking Lot
- Yes
Construction
- Frame
- Yes
Foundation
- Slab
- Yes
Roof
- Composition
- Yes
Heating
- Central
- Yes
Cooling
- Central Air
- Yes
Property Features
Parking:
Parking Lot
Construction:
Frame
Foundation:
Slab
Roof:
Composition
Heating:
Central
Cooling:
Central Air
Documents
New Attachment ›
IDX
Listing Office:
Bridgewater Realty Advisors, LLC
Last Updated: March - 24 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.