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Listed price in listed location currency (USD).
$255,000

600

MLS® 218353

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 1
Lot Size 
Approx. Age 
MLS® Number 218353

Property Address: 5-314 Tennessee St, Monroe, LA, 71203-3958

Average square foot calculated using Size range provided by listing agent.

Description

Excellent income-producing property featuring a fourplex plus an additional mobile home on a separate lot, creating a total of five rental units. The fourplex rents for $600 per unit and the mobile home rents for $675 per month, generating approximately $3, 075 in total monthly income ($36, 900 annually). This property has historically maintained strong occupancy and has been a reliable investment. Each unit has separate electric meters, and the landlord pays the water bill, which has remained minimal. The building also features a convenient master key lock system for easy management. Two units are currently furnished and rented to Meta employees, offering potential for furnished rentals if desired. Furniture is not included in the sale. Located just minutes from ULM and near the Monroe city limits, this property offers a strong rental location with value-add potential through cosmetic improvements that could increase rents and overall returns. A great opportunity for investors looking to expand their portfolio with a stabilized property priced to sell.
MLS® Number218353
Laundry LevelNone
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
Basement
DrivewayGravel
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 6, 2026List Date
$255,000List Price
  • Commute

Commute

Starting Address
Destination Address
314 Tennessee St, Monroe, LA

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