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Listed price in listed location currency (USD).
$1,800,000

48320

MLS® 2531070

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Residential Income
Size 20880 sqft
Garage No
HOA Fees 
Taxes 
Days Active 21
Approx. Age 1980
Avg. Price Per Sqft $86
MLS® Number 2531070

Property Address: 5829-5771-5829 Tullis Dr, New Orleans, LA, 70131-8877

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

Description

High-Performing Multifamily Investment Generating Immediate Cash Flow. This 16-unit multifamily portfolio delivers strong in-place cash flow at $182, 580 annual gross rent, with significant rent growth potential to $316, 800+ annual gross rent. The property already meets DSCR loan thresholds and offers a clear path to strong returns once stabilized. Each 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 11 units with term leases and 5 units vacant. All units include in-unit laundry hookups, private yards, and off-street parking for two vehicles. 32 off-street parking spots available. Located in Tall Timbers subdivision, this asset provides a family-friendly layouts great for long-term tenants. Each 4-plex can be sold separately at $450, 000 for each property. With seller financing options available, 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® Number2531070
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelIn Unit
Exposure
Exterior
GarageNo
Approx. Age1980
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 14, 2025List Date
$1,800,000List Price
  • Commute

Commute

Starting Address
Destination Address
5771-5829 Tullis Dr, New Orleans, LA

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