1205 Mehle St

Arabi, LA 70032

$4,450,000
Price
120
Beds
57,600 Sq. Ft.
$77 / Sq. Ft.
57,600
Sq. Ft.
$77
per Sq. Ft.

Description

8.27% cap rate on actual NOI! 10.71% pro forma cap rate. The Arabi Townhomes is a well-maintained 60-unit apartment community located at 1205 Mehle St in Arabi, LA. Offering 60 spacious two-bedroom, 1.5-bathroom units, this property is 100% occupied, providing a solid, stable income stream. $54,525 per month gross income - far exceeds 1% rule. Recent market rent comparables indicate that with minor cosmetic updates, the units can command $1,100 per month, unlocking additional revenue potential. This...8.27% cap rate on actual NOI! 10.71% pro forma cap rate. The Arabi Townhomes is a well-maintained 60-unit apartment community located at 1205 Mehle St in Arabi, LA. Offering 60 spacious two-bedroom, 1.5-bathroom units, this property is 100% occupied, providing a solid, stable income stream. $54,525 per month gross income - far exceeds 1% rule. Recent market rent comparables indicate that with minor cosmetic updates, the units can command $1,100 per month, unlocking additional revenue potential. This property has been expertly managed and maintained, with a historically high occupancy rate, making it an excellent choice for investors seeking both reliable cash flow and value-add potential for even greater returns. Arabi, LA, is a charming and rapidly developing community located just minutes from New Orleans, offering a unique blend of suburban tranquility and urban accessibility. With its proximity to major highways and the historic French Quarter, Arabi offers the perfect balance of suburban living with easy access to the bustling city, making it a highly desirable location for both tenants and investors alike.
  1. Listed by Mason McCullough • Bridgewater Realty Advisors, LLC
    P: (504)-298-8631 C: (504)-298-8631 mason@bridgewater.realty
  2. Listed by Bridgewater Realty Advisors, LLC
    P: (504)-901-0463 mason@bridgewater.realty

Property Details for 1205 Mehle Street

Architectural Style
Other Style
LISTING UPDATED: 10/21/2025 12:26 PM

Property Details for 1205 Mehle Street

StatusActive
MLS #2488793
Days on Market323
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI FAMILY FOR SALE / Townhouse
Year Built1974
Lot Size1.64 AC / 71,350 SF
CountySt. Bernard Parish

Location

Listing Courtesy of Bridgewater Realty Advisors, LLC
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Building Information for 1205 Mehle Street

Stories2Residences60Year Built1974Building Size-Lot Size1.64 AC / 71,350 SF

Payment Calculator

$22,366 per month

30 year fixed, 6.15% Interest

Principal and Interest

$21,689

Property Taxes

$677

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1205 Mehle Street

Summary
Location and General Information
  • Directions: Bounding Streets: St. Claude & Mehle
  • Latitude: 29.96
  • Longitude: -90.00
  • MLS Area Minor: ST. BERNARD
  • Year Built: 1,974
  • In City Limits: 1
Parking
  • Parking Features: 3 Car, Off Street, Parking Lot
Taxes and HOA
  • Association Amenities: Subd Acreage
Virtual Tour
Property
Lot Information
  • Building Area Total: 57600.0
  • Living Area Source: Measured
  • Lot Size Acres: 0.0
  • Lot Size Dimensions: 71350
Property and Assessments
  • Parcel Number: per assessor
  • Property Type: MULTI FAMILY FOR SALE
  • Overall Condition: Very Good
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • GS Utilities Gas: None
  • EL Utilities Elec: Entergy
Interior and Exterior Features
Exterior Features
  • Construction Materials: Frame
  • Foundation Details: Slab: Traditional
  • Roof: Asphalt
  • Stories: 2
Interior Features
  • Bathrooms Full: 60
  • Bathrooms Partial: 30
  • Bedrooms Total: 120
  • Cooling: Central Air
  • Entry Level: 2
  • Heating: Central
  • Bathrooms Total Integer: 90
Multi Family
Multi Family Information
  • Number Of Units Total: 60
Rental
Rent Information
  • Total Actual Rent: 54525

Property History for 1205 Mehle Street

DateEvent & SourcePriceAppreciation
Feb 25, 2025

Listed (Active)

ROAM MLS #NO2488793

$4,690,000—
Jul 9, 2013

Temporarily Off Market

ROAM MLS #NO920660

$3,290,000—
Jul 9, 2012

Listed (Active)

ROAM MLS #NO920660

$32,900,000—
Sep 19, 2008

Sold

ROAM MLS #NO742581

—
Jul 22, 2008

Contract Signed

ROAM MLS #NO742581

—
May 6, 2008

Listed (Active)

ROAM MLS #NO742581

$2,900,000—
DateEvent & SourcePrice
02/25/2025

Listed (Active)

ROAM MLS #NO2488793

$4,690,000
07/09/2013

Temporarily Off Market

ROAM MLS #NO920660

$3,290,000
07/09/2012

Listed (Active)

ROAM MLS #NO920660

$32,900,000
09/19/2008

Sold

ROAM MLS #NO742581

—
07/22/2008

Contract Signed

ROAM MLS #NO742581

—
05/06/2008

Listed (Active)

ROAM MLS #NO742581

$2,900,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1205 Mehle Street

Taxable ValueLand$5,000Additions$54,000Total$59,000
Tax Record2020$8,128 ($677 / month)
Home Facts
StyleMulti-Family Dwelling (2-4)CountySAINT BERNARDAPN139900000126

Schools near 1205 Mehle Street

This home is within St. Bernard Parish School District.
Rating
School
Type
Grades
Distance
Arabi Elementary School
Public - PK to 5
Andrew Jackson Middle School
Public - 6 to 8
Chalmette High School
Public - 9 to 12
C.F. Rowley Alternative School
Public - 6 to 12
Rating
School
Distance
Arabi Elementary School
PublicPK to 5

Andrew Jackson Middle School
Public6 to 8

Chalmette High School
Public9 to 12

C.F. Rowley Alternative School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1205 Mehle Street, Arabi, LA 70032

1205 Mehle Street is a multi-family home for sale in Arabi, LA 70032. This property was listed for sale on February 25, 2025 by Bridgewater Realty Advisors, LLC, it's currently listed at $4,450,000. It has been on the market for a total of 323 days and was last sold on September 19, 2008. This listing's school district is St. Bernard Parish School District. Nearby schools include Arabi Elementary School, Andrew Jackson Middle School and Chalmette High School. 1205 Mehle Street is a 120-bed, 90-bath, 57,600 sqft multi-family home built in 1974.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bridgewater Realty Advisors, LLC

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS Logos. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ROAM MLS, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS.Listing information Copyright© 2026 MLS of ROAM, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Multiple Listing Service, Inc. All Rights Reserved.