1302 Allo Avenue, Marrero, LA 70072

Local realty services provided by:ERA Sarver Real Estate
1302 Allo Avenue,Marrero, LA 70072
$800,000
  • 9 Beds
  • 9 Baths
  • 5,131 sq. ft.
  • Multi-family
  • Active
Listed by: luke jones
Office: re/max n.o. properties
MLS#:2490326
Source:LA_GSREIN

Price summary

  • Price:$800,000
  • Price per sq. ft.:$155.92

About this home

Investor Alert! Here's a rare opportunity to acquire a solid all-brick 7-unit apartment building plus a detached single-family home, delivering 8 fully rentable units with historically low vacancy. A recent $94,000 price adjustment makes this property even more attractive, and the seller will consider bond-for-deed "owner financing" with a minimum 25% down payment (what most commercial lenders would require). Flexible terms and conditions can be negotiated. Located at the corner of 13th Street and Allo Avenue, just a few blocks behind West Jefferson Medical Center, the property is surrounded by predominantly single-family homes and enjoys strong tenant demand, top-of-market rents, and steady cash flow. The main building measures approximately 4,392 sq. ft. and consists of five studios, one one-bedroom, and one two-bedroom unit, while the detached home (Unit E) adds an additional 792 sq. ft. The income is currently $6,635 per month with projected rents up to $8,000 after modest

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Home facts

  • Year built:1970
  • Listing ID #:2490326
  • Added:299 day(s) ago
  • Updated:January 01, 2026 at 04:44 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:9
  • Full bathrooms:9
  • Living area:5,131 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Heating

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1970
  • Building area:5,131 sq. ft.
  • Lot area:0.23 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$800,000
  • Price per sq. ft.:$155.92

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