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Street View
$4,450,000
Monthly Est:$22,149
120 Beds
90 Baths60 full baths + 30 half baths
57,600sqft
1205 Mehle St, Arabi, LA 70032
$4,450,000
$22,149/moEst:
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Apartment
Built in 1974
$-- HOA
-- sqft lot
$77/sq.ft
Description
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...
- Houzeo last checked: 4 minutes ago
- Listing updated: July 24, 2026 at 6:14 pm
- Listing Provided by: Mason McCullough (504) 298-8631 , Bryce Danna-Marullo | Bridgewater Realty Advisors, LLC (504) 901-0463
- Source: New Orleans Metropolitan AOR (NOMAR) MLS-LA | MLS#: 2488793
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1974
HOA Fees
-
Finished Area
57,600 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
New Orleans Metropolitan AOR (NOMAR) MLS
MLS Number
2488793
MLS Status
Active
Days on Market
571
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 120
Bathrooms: 90
Interior
Heating
Central
Sewer
Public Sewer
Cooling
Central Air
Construction
Year Built
Year Built: 1974
Home type
Apartment
Foundation Details
Slab
Architectural Style
Other
Construction Materials
Brick Veneer, Frame
Roof
Shingle
Property Condition
Very Good Condition
Utilities & Energy
Water Source
Public
Parking Features
Off Street, Parking Lot, Three Or More Spaces
Other Features
Lot Features
One To Five Acres, City Lot
Price History
| Date | Event | Price |
|---|---|---|
06/17/2026 Source: | Listed for Sale | $4,450,000 $77/sqft |
10/15/2025 Source: | Off Market | $4,450,000 +122.50% $77/sqft |
10/01/2025 Source: | Sold | $2,000,000 -55.06% $35/sqft |
08/25/2025 Source: | Price Decreased | $4,450,000 -2.20% $77/sqft |
06/18/2025 Source: | Listed for Sale | $4,550,000 $79/sqft |
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Based on information from the ROAM MLS through Sep 19, 2026, 05:15PM. IDX information is provided exclusively for consumers' personal, non-commercial use. It 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. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 ROAM MLS. All Rights Reserved.
Advertising Broker: Jared Andrew English | Congress Realty, Inc
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