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29225410
29225411

6235 Chef Menteur Hwy, New Orleans, LA 70126

The McEnery Company
The McEnery Company
Listed by The McEnery Company
$1,880,000
158 days on market
Updated 96 days ago

36 Unit Multi-Family Investment

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 30,625
Units 36
Cap Rate 8.89%
NOI $167,142
Occupancy 98%
Price per SqFt $61
Buildings 2
Stories 2
Zoning S-RD

Well-positioned multi-family investment

Marketing description

6235 Chef Menteur presents a well-positioned multi-family investment in the Pines Village submarket of New Orleans, consisting of 36 units across 30,625 SF on a 0.77-acre site. Built in the 1970s and renovated in 2022, the property is 98% occupied and offers two-story buildings with a unit mix averaging 850 SF, generating average rents of $838 per unit ($0.99/SF). Features include controlled access, secure entry, on-site laundry facilities, 40 grade-level parking spaces, and central air conditioning, with utilities individually metered for electricity and central water service provided. Recent improvements include synthetic flat roofs with warranties, adding long-term durability and reduced capital expense risk. With stable tenancy, efficient layouts, and an accessible location along a major corridor, 6235 Chef Menteur provides reliable cash flow and strong appeal for investors seeking a stabilized multi-family asset in New Orleans.

Listing Contacts

The McEnery Company
The McEnery Company
Listed by The McEnery Company

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$167,142.00
$13,928.50/mo

Valuation Metrics

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DSCR
8.89%
Cap Rate
8.89%
ROI

Map

Zoning

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S-RD ResidentialTwo FamilySuburban Two Family Residential District
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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