5811 17 Kevin Drive, Metairie, LA 70003
Local realty services provided by:ERA Sarver Real Estate
5811 17 Kevin Drive,Metairie, LA 70003
$799,000
- 17 Beds
- 8 Baths
- 7,500 sq. ft.
- Multi-family
- Active
Listed by: matthew grass
Office: the agency of m. grass group, llc.
MLS#:2564103
Source:LA_GSREIN
Price summary
- Price:$799,000
- Price per sq. ft.:$106.53
About this home
Rare opportunity to acquire a seven-unit multifamily investment portfolio in the heart of Metairie! Offered as a package sale, this unique assemblage includes 5811-5813 Kevin Drive, 5815 Kevin Drive (Units A, B & C), and 5817 & 5817.5 Kevin Drive. Situated on an approximately 150' x 150' site, this portfolio offers a combination of current cash flow and significant value-add potential.
5811 Kevin Drive was completely renovated following Hurricane Ida and features a 2-bedroom, 1-bathroom floorplan with private laundry. 5813 Kevin Drive offers a 3-bedroom, 1-bathroom layout and also features private laundry. 5817 Kevin Drive and 5817.5 Kevin Drive collectively offer 6 bedrooms and 3 bathrooms, with each unit featuring its own dedicated laundry area.
The triplex located at 5815 Kevin Drive is currently undergoing extensive renovations by the seller, including a new roof, new HVAC systems, updated electrical wiring, new windows, and numerous additional improvements. Upon completion, the property will provide a tremendous opportunity for increased rental income and long-term appreciation. Additional features include garage/storage space and a common laundry area serving the units at 5815 Kevin.
With existing income in place and substantial upside through the completion and stabilization of 5815 Kevin Drive, this portfolio is well-positioned for both seasoned and first-time investors. Conveniently located near shopping, dining, schools, and major thoroughfares. Properties to be sold as a package. Buyer to independently verify all measurements, income, expenses, occupancy, and property information....
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Home facts
- Year built:1950
- Listing ID #:2564103
- Added:29 day(s) ago
- Updated:August 13, 2026 at 03:39 PM
Rooms and interior
- Bedrooms:17
- Total bathrooms:8
- Full bathrooms:8
- Living area:7,500 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Heating
Structure and exterior
- Roof:Shingle
- Year built:1950
- Building area:7,500 sq. ft.
- Lot Features:City Lot, Oversized Lot
- Architectural Style:Traditional
- Foundation Description:Raised, Slab
- Levels:2 Story
Utilities
- Water:Public
Finances and disclosures
- Price:$799,000
- Price per sq. ft.:$106.53
Features and amenities
- Laundry features:Laundry Room
Parking
- Parking description:Driveway, Garage, Off Street
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