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7-Unit Multifamily Portfolio
For Sale
$229,000

2408 S GRAND STREET, Monroe, LA 71202

RESIDENTIAL INCOME, Monroe, LA

Property SizeContact for details
Days on Market549

Property Features for 2408 S GRAND STREET

General Information

Property type Residential Multi Family
Property subtype Other
Patio and Porch features Porch
Exterior features Hard Surface Drive, Paved Street
Subdivision 121 South Monroe/I-20 To Buckhorn Bend
Standard status Active
APN 54395

Taxes and HOA fees

Tax Description multiple units. See Associated docs
Legal Description multiple units. See Associated docs

Utilities

Heating system Natural Gas, Electric (Heating)
Cooling system Electric
Water source Public

Building Details

Roof type Shingle
Listing Agency: DB Real Estate
Listed By: Julie Hansen · License #0000073507
Added: Mar 10, 2025 Changed: Sep 8 Last Checked: Sep 9 at 1:06AM
MLS# 213743

Copyright © 2026 Northeast Louisiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily portfolio includes five separate properties with a combined seven rental units. The properties are located at 2408 S Grand Street, 2203 S Grand Street A, 2203 S Grand Street B, 2703 Lee, 2709 Lee A, 2709 Lee B, and 3413 Halsell in Monroe, Louisiana. The units are fully occupied and offered in their present condition.

Property features include paved streets, hard-surface drives, porches, shingle roofs, public water, electric cooling, and heating supplied by natural gas and electricity. The offering provides a multi-property residential income configuration across multiple Monroe addresses.

Key Highlights

  • Five‑property portfolio with 7 rental units
  • Fully occupied residential income properties
  • Addresses include 2408 S Grand Street, 2203 S Grand Street, 2703 Lee, 2709 Lee, and 3413 Halsell

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

121
Businesses Nearby

Demographics for 71202, LA

27,535
Population
11,119
Households
2.5
Avg Household Size
34
Median Age
11%
College-Educated
77%
High-School Grad
115.4 sq mi
ZIP Area
239
Density / Sq Mi
$26,883
Median Household Income
$21,895
Median Earnings
$827
Median Rent
$77,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Fully occupied rental portfolio with public water, paved streets, and hard-surface drives.
Where is this multifamily property located?
The property is located at 2408 S GRAND STREET Monroe, LA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Five‑property portfolio with 7 rental units; Fully occupied residential income properties; Addresses include 2408 S Grand Street, 2203 S Grand Street, 2703 Lee, 2709 Lee, and 3413 Halsell
More about this property
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