Metairie, LA 70002
MLS# NO2574279
4284 sqft
Property Description
Prime Metairie Investment Opportunity! Don't miss this opportunity to own a well-maintained fourplex with a BRAND NEW ROOF, established tenants, strong rental history, and additional potential for rental income growth. Conveniently located in a desirable Metairie area just minutes from shopping, restaurants, hospitals, and other everyday amenities, this property offers an excellent combination of location, immediate cash flow, and long-term investment potential. Each of the four units features a functional two-story layout with 2 bedrooms and 1 bathroom upstairs, while the living room, dining area, kitchen, and laundry hookups are located downstairs. The property also offers plenty of parking in both the front and rear of the building for tenants. The complex participates in the Section 8 Housing Choice Voucher Program and has long-term tenants in place, providing immediate rental income. Current monthly rents are $1,400, $925, $897, and $899, for a combined monthly rental income of approximately $4,121. The property generated approximately $49,766 in rental income in 2025, with reported 2025 expenses of approximately $15,660. There is also potential upside for the next owner. With improvements to the units and approval through the applicable housing program, rental rates on three of the four units may have room to increase. With a brand new roof, existing tenants, established income, and future rent growth potential, this fourplex offers an attractive opportunity for an investor looking to add a cash-flowing multifamily property to their portfolio. All measurements, financial information, expenses, rental amounts, and listing details are approximate and not guaranteed. Buyer to independently verify all information during due diligence. Schedule your private tour today! Broker and Agent owned property.
Lead Based Paint Disclosure Last Updated: September - 26 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and 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.
GUIDRY & CO. REAL ESTATE, Lafayette, LA. All offices are independently owned and operated. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana; MLS Real Estate listings held by brokerage firms other than GUIDRY & CO. REAL ESTATE are marked with the MLS approved icon for
IDX
. “Information Deemed Reliable But Not Guaranteed”. Copyright 2016 REALTOR® Association of Acadiana, All rights reserved.
Licensed & Regulated in the jurisdiction of the Louisiana Real Estate Commission, Members of the National Association of Realtors®, Louisiana Realtors®, Realtor® Association of Acadiana, Multiple Listing Service (MLS), Louisiana Commercial (www.lacdb.com), The Realtor® Commercial Alliance, Equal Housing Opportunity.