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$380,000
12 Beds
8 Baths4 full baths + 4 half baths
5,220sqft
5823 - 5829 Tullis Dr, New Orleans, LA 70131
$380,000
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Quadruplex
Built in 1980
$-- HOA
-- sqft lot
$73/sq.ft
Description
This 4-unit multifamily property delivers strong in-place cash flow at $47,220 annual gross rent, with significant rent growth potential to $79,200+ annual gross rent. The property already meets DSCR loan thresholds and offers a clear path to strong returns once stabilized. This 4-plex totals 5,220 of livable sq ft, consisting of four 3BR / 1.5BA units averaging 1,305 SF for each unit. Currently, there are 3 units with term leases and 1 unit vacant. All units include in-unit laundry hookups, private yards, and off-street parking for two vehicles. 8 off-street parking spots available. Located in Tall Timbers subdivision, this asset provides a family-friendly layouts great ...
Continue Reading- Houzeo last checked: 43 Minutes ago
- Listing updated: June 19, 2026 at 1:00 am
- Listing Provided by: Lawless Turner (504) 756-2749 | Corporate Realty Leasing Company (504) 581-5005
- Source: New Orleans Metropolitan AOR (NOMAR) MLS-LA | MLS#: 2531103
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1980
HOA Fees
-
Finished Area
5,220 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
New Orleans Metropolitan AOR (NOMAR) MLS
MLS Number
2531103
MLS Status
Pending
Days on Market
222
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