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$380,000
Monthly Est:$1,891
12 Beds
8 Baths4 full baths + 4 half baths
5,220sqft
5823 - 5829 Tullis Dr, New Orleans, LA 70131
$380,000
$1,891/moEst:
Get Pre-Approved
Multi Family
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 for long-term tenants. With minimal deferred maintenance, and four separately deeded assets, investors gain both income stability and exit flexibility in one of New Orleans’ most resilient rental markets.
- Houzeo last checked: 11 minutes ago
- Listing updated: October 22, 2026 at 7:06 pm
- Listing Provided by: Lawless R Turner (504) 756-2749 DRE #995698200 | Corporate Realty Leasing Company (504) 581-5005
- Source: Regional One Access Multiple Listing Service | 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
Regional One Access Multiple Listing Service
MLS Number
2531103
MLS Status
Pending
Days on Market
349
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 8
Interior
Heating
Central
Cooling
Central Air
Sewer
Public Sewer
Construction
Year Built
Year Built: 1980
Home type
Multi Family
Architectural Style
Traditional
Construction Materials
Brick, Vinyl Siding, Wood Siding
Foundation Details
Slab
Utilities & Energy
Utilities
Natural Gas Not Available
Water Source
Public
Laundry Features
Electric Dryer Hookup, In Unit
Parking Features
Off Street, Driveway
Other Features
Tenant Pays
Electricity, Water
Subdivision Name
Tall Timbers
Disclosures
Property As Is
Price History
| Date | Event | Price |
|---|---|---|
06/19/2026 Source: | Pending | $380,000 $73/sqft |
05/30/2026 Source: | Listed for Sale | $380,000 -1.30% $73/sqft |
04/01/2026 Source: | Price Decreased | $385,000 -3.75% $74/sqft |
02/26/2026 Source: | Listed for Sale | $400,000 -11.11% $77/sqft |
12/29/2025 Source: | Off Market | $450,000 $86/sqft |
Tall Timbers - Brechtel Ranks #62 in New Orleans, LA
Homes
Rental Prices
Median Home Price
Getting Around 5823 - 5829 Tullis Dr
Bike Score®
Somewhat Bikeable
32/100
Walk Score®
Car-Dependent
31/100
Transit Score®
Some Transit
34/100
Data provided by Redfin
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Based on information from the ROAM MLS through Oct 30, 2026, 03:17AM. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 ROAM MLS. All Rights Reserved.
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