Login

5823 - 5829 Tullis Drive, New Orleans, LA 70131

New Orleans
Local realty services provided by:CENTURY 21 Action Realty
5823 - 5829 Tullis Drive,New Orleans, LA 70131
$380,000
  • - Beds
  • - Baths
  • 5,220 sq. ft.
  • Multi-family
  • Pending
Listed by: lawless turner
Office: corporate realty leasing company
MLS#:NO2531103
Source:LA_RAAMLS

Price summary

  • Price:$380,000
  • Price per sq. ft.:$72.8

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Listing ID #:NO2531103
  • Added:216 day(s) ago
  • Updated:June 21, 2026 at 10:14 AM

Rooms and interior

  • Living area:5,220 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Heat
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Building area:5,220 sq. ft.
  • Lot area:0.19 Acres
  • Construction Materials:Brick, Vinyl Siding, Wood Siding
  • Foundation Description:Slab
  • Levels:2 Story

Finances and disclosures

  • Price:$380,000
  • Price per sq. ft.:$72.8

New listings near 5823 - 5829 Tullis Drive