The Melrose — Sale in Natchitoches, LA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Natchitoches, LA 71457

Description

The Melrose represents a rare lender-owned acquisition in Natchitoches' most supply-constrained submarket. As the largest multifamily asset (216 units) in a city of 17,165 residents, the property benefits from Northwestern State University's explosive enrollment growth—a 40% surge in first-time freshmen for Fall 2025 has pushed campus housing to 100% capacity, creating immediate off-campus demand. Limited developable land, restrictive zoning, and zero new multifamily construction pipeline create meaningful barriers to entry. The seller has invested $1,835,505 in comprehensive property rehabilitation since acquisition, including full roof replacement ($765,407), HVAC replacements ($264,743), unit turns ($509,072), pool upgrades ($40,965), and flooring ($90,794). These improvements have materially de-risked the asset, with only 22 of 216 units requiring final refurbishment to achieve 90% stabilized occupancy. Investment Highlights: • Lender-owned opportunity • Substantial Capital Improvements Completed • Financial Upside & Execution Plan

Market Context

This multifamily in Natchitoches, LA is listed for sale. It has been on the market for 137 days. Compare it against other multifamily listings for sale in Natchitoches, LA — view the full market.

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