$929,000

130002 Allo Ave Marrero, LA 70072

$10,000
Closing credit¹
9 beds
9 full
5,131 sqft
0.2 acres
$181 / sqft
Condo

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

Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Size5,131 sqft
Lot size0.2259 Acres
Year built1970
ParkingOff Street, Parking Lot
MLS #2490326

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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0.5% sale price²

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.

All data from GreatSchools

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?

29%
<35k
63%
35k-100k
5%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Doctorate

What types of families live nearby?

44%
Single, No Kids
11%
Single, with Kids
27%
Married, No Kids
18%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
7%
12-17 yrs old
20%
18-34 yrs old
44%
35-64 yrs old
16%
65+ yrs old

What do the neighbors do for fun?

  • Horse RacesHorse Races
  • Extreme SportsExtreme Sports
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Stein MartStein Mart
  • Sam's ClubSam's Club
  • Family DollarFamily Dollar

Where do the neighbors go to eat?

  • LongHorn SteakhouseLongHorn Steakhouse
  • White CastleWhite Castle
  • Golden CorralGolden Corral

What do the neighbors drive?

  • BuickBuick
  • OldsmobileOldsmobile
  • ChevroletChevrolet

What do the neighbors listen to?

  • Contemporary InspirationalContemporary Inspirational
  • RockRock
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

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.

From Rocket Homes Real Estate and based on county public records data.

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