1500 Madison Street, Gretna, LA 70053

Gretna
Local realty services provided by:ERA Sarver Real Estate
1500 Madison Street,Gretna, LA 70053
$495,000
  • 12 Beds
  • 8 Baths
  • 5,032 sq. ft.
  • Multi-family
  • Active
Listed by: lito dominguez, samantha oneil
Office: compass westbank
MLS#:2568930
Source:LA_GSREIN

Price summary

  • Price:$495,000
  • Price per sq. ft.:$98.37

About this home

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.

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Home facts

  • Year built:1970
  • Listing ID #:2568930
  • Added:1 day(s) ago
  • Updated:July 30, 2026 at 04:04 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:8
  • Full bathrooms:7
  • Half bathrooms:1
  • Living area:5,032 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Heating, Window Unit

Structure and exterior

  • Roof:Shingle
  • Year built:1970
  • Building area:5,032 sq. ft.
  • Lot area:0.23 Acres
  • Lot Features:City Lot, Rectangular Lot
  • Construction Materials:Block
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$495,000
  • Price per sq. ft.:$98.37

Parking

  • Parking description:Off Street

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