130002 Allo Ave Marrero, LA 70072
Property details
About 130002 Allo Ave
Expand your real estate portfolio with this rare multifamily investment opportunity on the Westbank, just two blocks behind West Jefferson Hospital in a neighborhood surrounded by single-family homes. This income-producing property consists of a two-story apartment building (approx. 4,392 sq. ft.) with seven units—five studios, one 1-bedroom, and one 2-bedroom—along with a detached 1-bedroom house (Unit E) of approximately 729 sq. ft. Currently 100% occupied with a historically low vacancy rate, this property provides steady cash flow. Tenant amenities include an on-site coin-operated laundry and ample parking. Each unit has a separate electric meter, while water is on a single meter, typically paid by the owner. There is no gas service to the building. The roof was replaced after Hurricane Ida, and the property is located in Flood Zone X, with no seller-held flood policy. With Section 8 rental rates offering potential for increases along with a thriving rental market, this is a strong opportunity for long-term financial gain. The seller may consider a short-term bond-for-deed with at least 50% down, and is Ideal for investors seeking a 1031 exchange to expand their multifamily holdings. Pursuant to the seller's request, pre-approved financing letter or proof of funds is required before scheduling showings. There is no for sale sign on the property.
Highlights
Summary
- MLS Number: 2490326
- MLS Name: NOMAR
- Office Name: RE/MAX N.O. Properties
- Office Phone: (504) 866-7733
- Office Email: remaxno@gmail.com
- Listing Agent: Luke Jones
- Agent Phone: (504) 905-9101
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Last updated on: 3/14/2025, 11:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$929,000
130002 Allo Ave
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
6
Ella C. Pittman Elementary School
Public District PK-5
0.4 mi
•3800 13th St
6
Laureate Academy Charter School
Public Charter PK-6
1.1 mi
•2115 Oakmere Dr
7
Bonella A. St. Ville Elementary School
Public District PK-5
1.3 mi
•1121 Pailet Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $50,922. Residents of Marrero, LA typically earn between $35k-100k each year. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Horse Races
Extreme Sports
Pro Boxing
Where do the neighbors shop?
Stein Mart
Sam's Club
Family Dollar
Where do the neighbors go to eat?
LongHorn Steakhouse
White Castle
Golden Corral
What do the neighbors drive?
Buick
Oldsmobile
Chevrolet
What do the neighbors listen to?
Contemporary Inspirational
Rock
Adult Standards
Frequently asked questions
Living in Marrero, LA
About 130002 Allo Ave
This home is located at 130002 Allo Ave in Marrero, LA and zip code 70072. This 5,131 square foot home, which was built in 1970, sits on a 0.23 acre lot. Features: 9 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since March 7, 2025 and is currently priced at $929,000.
In February 2025, from all listings sold in Marrero, LA there were more than 3 sold above asking price, over 17 sold below and more than 7 were sold right at the asked price. The number of homes for sale in Marrero, LA increased by 0.7% between January and February 2025. Listings spent 80 days on the market in February 2025, and had a median list price of $217,437 during the same period.