- Overview
- Description
- Property Details
- Location
- Facts & Features
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Street View
$495,000
Monthly Est:$2,464
12 Beds
8 Baths7 full baths + 1 half bath
5,032sqft
1500 Madison St, Gretna, LA 70053
$495,000
$2,464/moEst:
Get Pre-Approved
Apartment
Built in 1970
$-- HOA
9,901.19 sqft lot
$98/sq.ft
Description
Great opportunity to own a 7-unit multifamily property in Gretna with plenty of upside for investors. This one-story cinder block building includes four 2-bedroom, 1-bath units, one 2-bedroom, 1.5-bath unit, and two 1-bedroom, 1-bath units. All units feature durable tile flooring throughout for easy maintenance. Currently, 4 of the 7 units are occupied, providing immediate rental income, while the 3 vacant units offer the chance to increase cash flow by leasing them at market rates. The owner pays the water bill for the property and includes electricity in the rent for two of the units. Whether you're looking to expand your portfolio or add a value-add property with strong income potential, this is an investment worth a closer look.
- Houzeo last checked: 10 hours ago
- Listing updated: July 28, 2026 at 9:13 pm
- Listing Provided by: Lito Dominguez (504) 657-8015 , Samantha ONeil | Compass Westbank (504) 362-1823
- Source: New Orleans Metropolitan AOR (NOMAR) MLS-LA | MLS#: 2568930
Part of
Property Details
Status
Active Under Contract
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1970
HOA Fees
-
Finished Area
5,032 sqft
Lot Size
9,901.19 sqft lot
Basement Area
- sqft
MLS Name
New Orleans Metropolitan AOR (NOMAR) MLS
MLS Number
2568930
MLS Status
ActiveUnderContract
Days on Market
73
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 8
Interior
Sewer
Public Sewer
Cooling
Window Units
Heating
Window Unit
Construction
Year Built
Year Built: 1970
Home type
Apartment
Property Condition
Average Condition
Foundation Details
Slab
Architectural Style
Other
Roof
Shingle
Construction Materials
Block
Utilities & Energy
Water Source
Public
Parking Features
Off Street
Pool Features
None
Other Features
Tenant Pays
Electricity
Lot Features
City Lot, Rectangular Lot
Price History
| Date | Event | Price |
|---|---|---|
07/28/2026 Source: | Contingent (Active Under Contract) | $495,000 +75.53% $98/sqft |
07/27/2026 Source: | Price Decreased | $282,000 -23.78% $56/sqft |
06/28/2023 Source: | Price Increased | $370,000 +31.21% $74/sqft |
06/28/2023 Source: | Sold | $282,000 $56/sqft |
Getting Around 1500 Madison St
Bike Score®
Bikeable
62/100
Walk Score®
Very Walkable
71/100
Data provided by Redfin
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Based on information from the ROAM MLS through Oct 09, 2026, 02:30PM. 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.
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