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St. James on Chef Menteur 6235 Chef Menteur Hwy 36 Unit Apartment Building $2,714,897 CAD ($75,414 CAD/Unit) New Orleans, LA 70126
Investment Highlights
- Can be Purchased in a Portfolio Sale or a Multi-Family Sale!
Executive Summary
6235 Chef Menteur presents a well-positioned multi-family investment in the Pines Village submarket of New Orleans, consisting of 36 units across 30,625 SF on a 0.77-acre site. Built in the 1970s and renovated in 2022, the property is 98% occupied and offers two-story buildings with a unit mix averaging 850 SF, generating average rents of $838 per unit ($0.99/SF). Features include controlled access, secure entry, on-site laundry facilities, 40 grade-level parking spaces, and central air conditioning, with utilities individually metered for electricity and central water service provided. Recent improvements include synthetic flat roofs with warranties, adding long-term durability and reduced capital expense risk. With stable tenancy, efficient layouts, and an accessible location along a major corridor, 6235 Chef Menteur provides reliable cash flow and strong appeal for investors seeking a stabilized multi-family asset in New Orleans.
Property Facts
| Price | $2,714,897 CAD | Building Class | C |
| Price Per Unit | $75,414 CAD | Lot Size | 9.00 AC |
| Sale Type | Investment | Building Size | 27,000 SF |
| No. Units | 36 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1970/2022 |
| Apartment Style | Low-Rise | Parking Ratio | 1.52/1,000 SF |
| Zoning | S-RD | ||
| Price | $2,714,897 CAD |
| Price Per Unit | $75,414 CAD |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 9.00 AC |
| Building Size | 27,000 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2022 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | S-RD |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 600 |
| 2+1 | 27 | - | 748 - 870 |
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Property Taxes
| Parcel Number | 3-9W-9-167-01 | Improvements Assessment | $161,416 CAD |
| Land Assessment | $5,784 CAD | Total Assessment | $167,200 CAD |
Property Taxes
Parcel Number
3-9W-9-167-01
Land Assessment
$5,784 CAD
Improvements Assessment
$161,416 CAD
Total Assessment
$167,200 CAD
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St. James on Chef Menteur | 6235 Chef Menteur Hwy
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