$4,550,000
$140K PRICE DROP

1205 Mehle St Arabi, LA 70032

Estimated payment $29,752/month

Total Views 5,849
120 Beds
90 Baths
57,600 Sq Ft
$79 Price per Sq Ft

About This Home

The Arabi Townhomes is a well-maintained 60-unit apartment community located at 1205 Mehle St in Arabi, LA. Offering 60 spacious two-bedroom, 1.5-bathroom units, this property is 97% occupied, providing a solid, stable income stream. With a current cap rate of 7.14% on actuals and an impressive 9.45% on year 2 pro forma numbers, The Arabi Townhomes presents a strong investment opportunity.

Recent market rent comparables indicate that with minor cosmetic updates, the units can command $1,100 per month, unlocking additional revenue potential. This property has been expertly managed and maintained, with a historically high occupancy rate, making it an excellent choice for investors seeking both reliable cash flow and value-add potential for even greater returns.
Arabi, LA, is a charming and rapidly developing community located just minutes from New Orleans, offering a unique blend of suburban tranquility and urban accessibility. With its proximity to major highways and the historic French Quarter, Arabi offers the perfect balance of suburban living with easy access to the bustling city, making it a highly desirable location for both tenants and investors alike.

Listing Agent

Mason McCullough

Bridgewater Realty Advisors, LLC License #995714063 Listed on: 02/25/2025

Co-Listing Agent

BRYCE DANNA-MARULLO

Bridgewater Realty Advisors, LLC License #995705186

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1974

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 57,600 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 120 Bedrooms

Parking

  • 3 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Additional Features

  • Property is in average condition
  • City Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number per assessor

Property Details

Home Type

Apartment

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 71350
  • Co List Office Mls Id: BRALLC01
  • Co List Office Phone: (504) 901-0463
  • Architectural Style: Other
  • Entry Level: 2
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1974
  • Property Sub Type Additional: Apartment
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 60
  • Half Bathrooms: 30
  • Total Bedrooms: 120
  • Living Area: 57600.0

Exterior Features

  • Lot Features: 1 to 5 Acres, City Lot
  • Construction Type: Brick Veneer, Frame
  • Foundation Details: Slab
  • Property Condition: Average Condition
  • Roof: Shingle

Garage/Parking

  • Parking Features: Off Street, Parking Lot, Three or more Spaces

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: per assessor

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Sale $4,550,000 -- $79 / Sq Ft
Source: ROAM MLS

Source: ROAM MLS

MLS Number: 2488793

APN: 139900000126

Louisiana St Bernard Parish Arabi 70032

1205 Mehle St, Arabi, LA

This home is located at 1205 Mehle St, Arabi, LA 70032 and is currently priced at $4,550,000, approximately $78 per square foot. This property was built in 1974. 1205 Mehle St is a home located in St. Bernard Parish with nearby schools including Arabi Elementary School, Andrew Jackson Middle School, and Chalmette High School.

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Listing Agent
Mason McCullough
Section Image
Bridgewater Realty Advisors, LLC
(504) 414-4436