5793-99 Tullis Drive, New Orleans, LA 70131 Photo
5793-99 Tullis Drive, New Orleans, LA 70131 Photo
5793-99 Tullis Drive, New Orleans, LA 70131 Photo
5793-99 Tullis Drive, New Orleans, LA 70131 Photo
5793-99 Tullis Drive, New Orleans, LA 70131 Photo
5793-99 Tullis Drive, New Orleans, LA 70131 Photo
5793-99 Tullis Drive, New Orleans, LA 70131 Photo
5793-99 Tullis Drive, New Orleans, LA 70131 Photo
5793-99 Tullis Drive, New Orleans, LA 70131 Photo
5793-99 Tullis Drive, New Orleans, LA 70131 Photo
5793-99 Tullis Drive, New Orleans, LA 70131 Photo
5793-99 Tullis Drive, New Orleans, LA 70131 Photo
5793-99 Tullis Drive, New Orleans, LA 70131 Photo
5793-99 Tullis Drive, New Orleans, LA 70131 Photo

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5793-99 Tullis Drive New Orleans, LA 70131
$385,000
Pending / MLS# 2531099 / Multi Unit - Multiple / New Orleans
12 Beds
4 Baths
4 Half Baths
5220 SqFt

This 4-unit multifamily property delivers strong in-place cash flow at $27,744 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 2 units with term leases and 2 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.

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Mortgage Calculator

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Estimated Payment

$ 967.85 per month $855.56 Principal & Interest $0.00 Property Tax (data not provided by mls) $112.29 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Home Style: Quadruplex, Traditional
Lot Size: 0.19 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0

Feature Descriptions

Days on Site: 156
Exterior: Brick, Vinyl Siding, Wood Siding
Laundry: In Unit
Lot: City Lot, Oversized Lot
Lot Dimensions: 60x136
Parking: Driveway, Off Street, Three or more Spaces
Property Condition: Very Good Condition
Sewer: Public Sewer
Units: 4
Water: Public

Listed By / Shown By

Listed By

Agency Name: Corporate Realty Leasing Company
Agency Phone: (504) 581-5005

Shown By

Agency Title: John Weil Realty, LLC
Agency Phone: 504-512-6339

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