Tullis Drive Multifamily Complex Multi-Family FOR SALE


New Orleans, LA - Old Aurora
$1,800,000 USD
504-581-5005
, New Orleans, LA for Sale
$1,800,000 USD
Multi-Family - FOR SALE
1/9
null | 6% Cap Rate

Tullis Drive Multifamily Complex
New Orleans, LA
Old Aurora


HIGHLIGHTS

  • Each building can be purchased individual or in combination or all together
  • All unit address 5771-5777, 5779-5785, 5793-5799, 5823-5829 Tullis Drive, New Orleans, LA 70131
  • FOUR INCOME-PRODUCING FOURPLEXES
  • Four 5,220 sf buildings with 16 apartments - 1,305 sf each
  • $450,000/per building

OVERVIEW

Each fourplex totals 5,220 sf, consisting of four 3BR/1.5BA units averaging 1,305 sf each. All units include in-unit laundry, private yards, and off-street parking for two vehicles. Located in the stable, high-demand Algiers submarket, this asset provides family-friendly layouts ideal for long-term tenants. This 16-unit multifamily portfolio delivers strong in-place cash flow with significant rent growth potential through HANO-supported rents. The property already meets DSCR loan thresholds and offers a clear path to double-digit returns once stabilized. 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.

ASK ABOUT THIS PROPERTY

Lawless TurnerCorporate RealtyMore Info
504-581-5005

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Lawless TurnerCorporate RealtyMore Info
504-581-5005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.