$1,100,000
Active
32
Beds
16
Baths
12,800
SqFt
1954
Built
Excellent investment opportunity in Houma—16 total units across four well-maintained fourplex buildings located on adjacent parcels at 436 Richmond Ave and 411 Arlington Dr. Each unit offers 2 bedrooms / 1 bathroom with central air & heat, and includes a stove and refrigerator. The property features two on-site laundry rooms with leased coin-operated equipment, providing added income and convenience for residents. Ownership has completed numerous upgrades over time, including plumbing and electrical improvements, replacement of select sewer lines, and updated panel boxes. Exterior enhancements include vinyl soffit and fascia, cement parking areas, and security lighting on buildings and poles.
Professionally managed for long-term stability, this property offers consistent occupancy and strong rental demand within the Houma workforce housing market. Its clean operational history and straightforward management make it possible for both seasoned investors and new entrants seeking turnkey yield in a durable Louisiana submarket.
Excellent investment opportunity in Houma—16 total units across four well-maintained fourplex buildings located on adjacent parcels at 436 Richmond Ave and 411 Arlington Dr. Each unit offers 2 bedrooms / 1 bathroom with central air & heat, and includes a stove and refrigerator. The property features two on-site laundry rooms with leased coin-operated equipment, providing added income and convenience for residents. Ownership has completed numerous upgrades over time, including plumbing and electrical improvements, replacement of select sewer lines, and updated panel boxes. Exterior enhancements include vinyl soffit and fascia, cement parking areas, and security lighting on buildings and poles.
Professionally managed for long-term stability, this property offers consistent occupancy and strong rental demand within the Houma workforce housing market. Its clean operational history and straightforward management make it possible for both seasoned investors and new entrants seeking turnkey yield in a durable Louisiana submarket.
SAVINGS CALCULATOR
$22,000
If listed with 1 Percent Lists
Estimated savings vs. a traditional 3% listing commission.
MORTGAGE CALCULATOR
$5,562
Estimate only — not a loan offer. Consult a lender for actual terms.
LISTING SNAPSHOT
Price$1,100,000
Bedrooms32
Full Baths16
Half Baths0
Inside Area (SqFt)12,800 sqft
Lot SizeN/A
Year Built1954
MLS® Number2530360
StatusActive
Property TaxN/A
HOA/Condo/Coop FeesN/A
GENERAL
Cross StreetMemory Ln and Afton St
FoundationSlab
LevelsOne
ParkingDriveway
Property Sub TypeApartment
SewerPublic Sewer
StyleTraditional
Water SourcePublic
INTERIOR
CoolingCentral Air
HeatingCentral
Laundry FeaturesCommon Area
EXTERIOR
Construction DetailsBrick
Lot FeaturesCity Lot, Rectangular Lot
RoofShingle
PRICE & LISTING HISTORY
July 13, 2026$1,100,000
November 10, 2025Active
Listing courtesy of Bridgewater Realty Advisors, LLC
Listing courtesy of Bridgewater Realty Advisors, LLC
Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.
Copyright © 2017-present, New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information.
Comps
Limited comparable sales data available in this area.
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