Courtesy: Hollier Real Estate
225-627-0081
Multiple 4-Plex Buildings, with 23 - 2 Bed/1.5 Bath Units in total. This 23-unit apartment complex in New Roads generates consistent investment income. Conveniently located near local amenities, it offers strong rental demand and long-term growth potential. Roofs were replaced in February 2025. Eight additional vacant land lots are also included. (22 units are rented - 1 is used as a storeroom)
Courtesy: Ken Major Realty
225-638-3310
Located in the heart of historic downtown New Roads, feet away from False River, this 12-plex offers an unbeatable investment opportunity in one of the city’s most sought locations. With a strong Airbnb market, furnish/convert a unit and your guests can enjoy nearby boating, swimming, and fishing on a beautiful lake. Surrounded by unique homestyle restaurants, shopping, and waterfront homes, this rare property features four studio units, three 1 bed / 1 bath units, one 2 bed/1 bath unit, one 3 bed/2 bath unit, 2 office areas which could be converted into another efficiency and another 1 bed and a 5000 square foot empty Movie Theatre (value-add build out space for up to 9 additional units). Rent-roll shows units rented grossing $6000/month plus coinless laundry - well below market average and presenting strong upside potential. Whether you're looking for a cash flowing asset or a value-add opportunity with long-term appreciation potential, this property delivers both. With consistent rental income and room to elevate rents or enhance finishes, this is a rare chance to own a multifamily property in one of New Roads most desirable areas.
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New Roads is located in Louisiana. New Roads, Louisiana has a population of 4,516. New Roads is less family-centric than the surrounding county with 11.04% of the households containing married families with children. The county average for households married with children is 18.31%.
The median household income in New Roads, Louisiana is $42,887. The median household income for the surrounding county is $50,431 compared to the national median of $69,021. The median age of people living in New Roads is 42.8 years.
The average high temperature in July is 92 degrees, with an average low temperature in January of 39.7 degrees. The average rainfall is approximately 61.2 inches per year, with 0 inches of snow per year.
