Coldwell Banker Home Page

Local Realty Service Provided By: Coldwell Banker TEC

Property view
Listing view 2
Listing view 3

913 29 W Monterey Court, 
Gretna, LA 70056

$1,130,000


6

Beds


4

Baths


850

Sq Ft


Multi-Family

Active

Listed by

Mason Mccullough

, 

Bryce Danna-Marullo

Bridgewater Realty Advisors, LLC.

504-901-0463

Last updated:

September 14, 2026, 04:00 PM

MLS#

2571072

Source:

LA GSREIN

About This Home

913 29 W Monterey Court

Three detached four-plex buildings totaling 12 units at 913, 917 and 929 West Monterey Court boast strong in-place cash flow and operational stability. In place cap rate of 9.04%, rental income of $15,445/month (once last unit leases are signed up). The property consists of 12 units, 9 occupied and 3 vacant, with two vacancies at 913 and two at 917 carried below at market rent, presenting a clear lease-up opportunity for a new owner. Additional revenue can be made from on-site laundry. Renovated in 2024, the property features updated electrical, plumbing, roofing, and window systems, contributing to reduced maintenance and long-term durability. Each unit is individually metered for electricity, enhancing expense control and operational efficiency. The gross building area is appoximately 16,538 sf with 16 off-street parking spaces, and also located in a favorable Flood Zone X where flood insurance is typically not required. A purchaser has the ability to purchase a stabilized asset and continue to raise rents to meet the market, improving the cap rate to 10% plus. Each 4 plex can be purchased separately or can be purchased as a package deal. Buildings are occupied, so please allow at least 24 hours to view the occupied units.

Home Facts

Multi-Family

4 Baths

6 Bedrooms

Built in 1980

Price Summary

1,130,000

$1,329 per Sq. Ft.

MLS #:

2571072

Last Updated:

September 14, 2026, 04:00 PM

Added:

2 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

850 Sq. Ft.


Structure

Structure

Architectural Style:

Contemporary

Building Area:

850 Sq. Ft.

Year Built:

1980


Lot

Lot Size (Sq. Ft):

13,529


Finances & Disclosures

Finances

Price:

$1,130,000

Price per Sq. Ft:

$1,329 per Sq. Ft.

Source:LA GSREIN
The information being provided by Gulf South Real Estate Information Network, Inc is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Gulf South Real Estate Information Network, Inc All rights reserved.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.