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Listed price in listed location currency (USD).
$400,000

1280

MLS® 2531087

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 5220 sqft
Garage No
Taxes 
Days Active 131
Lot Size 
Approx. Age 1980
Avg. Price Per Sqft $76
MLS® Number 2531087

Property Address: 5773 - 77 71 Tullis Drive, New Orleans, LA, 70131

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

Description

This 4-unit multifamily property delivers strong in-place cash flow at $51, 444 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.
MLS® Number2531087
Laundry LevelIn Unit
Central VacNo
FireplaceNo
Acreage0
Exterior
GarageNo
Approx. Age1980
Basement
DrivewayDriveway, Off Street, Three Or More Spaces
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 14, 2025List Date
$400,000List Price
  • Commute

Commute

Starting Address
Destination Address
5773 - 77 71 Tullis Drive, New Orleans, LA

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