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Four-Unit Duplex Property
For Sale
$350,000

308 WOODALE DRIVE, Monroe, LA 71203

RESIDENTIAL INCOME, Monroe, LA

Property SizeContact for details
Days on Market904

Property Features for 308 WOODALE DRIVE

General Information

Property type Residential Multi Family
Property subtype Duplex
Parking 8
Patio and Porch features Porch
Interior features Ceiling Fan(s), Smoke Detector, Walk In Closet
Exterior features Paved Street
Appliances Dishwasher, Garbage Disposal, Refrigerator, Electric Range/Oven, Microwave, Washer, Dryer
Subdivision TOWN & COUNTRY
Directions HWY 165 NORTH TO RIGHT ON OLD STERLINGTON RD. RIGHT ON MAGNOLIA DRIVE. LEFT ON WOODALE. UNITS ON THE RIGHT
Standard status Active
APN 5447

Taxes and HOA fees

Tax Description LOTS 15 & 16 UNIT 29 TOWN & COUNTRY ADDN
Legal Description LOTS 15 & 16 UNIT 29 TOWN & COUNTRY ADDN

Utilities

Heating system Electric (Heating)
Cooling system Central Air
Water source Public

Amenities

stainless steel appliances
washer & dryer

Building Details

Year built 2018
Number of units 2
Listing Agency: Lisa Govan Realty
Listed By: Lisa Govan
Added: Mar 25, 2024 Changed: Aug 29 Last Checked: Sep 14 at 9:06AM
MLS# 209401

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 Monroe, Louisiana property consists of two adjacent duplex buildings containing four residential units. Three units offer two bedrooms and one-and-a-half bathrooms, while the fourth provides one bedroom and one-and-a-half bathrooms. Constructed in 2018, the residences include stainless steel appliances, washers and dryers, central air, electric heating, ceiling fans, smoke detectors, and walk-in closets. Each unit also has a porch.

The property is currently fully occupied and served by public water. Additional features include paved street access and kitchens equipped with dishwashers, garbage disposals, refrigerators, electric ranges or ovens, and microwaves. The unit mix and existing occupancy provide a clearly defined multifamily configuration for residential income ownership.

Key Highlights

  • Four residential units arranged as two duplex buildings
  • Unit mix includes three 2‑bedroom/1.5‑bath units and one 1‑bedroom/1.5‑bath unit
  • Built in 2018

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Bakery Auto Parts Store (Bike/Boat/Book/etc) 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

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

132
Businesses Nearby

Demographics for 71203, LA

37,438
Population
17,178
Households
2.2
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
118.5 sq mi
ZIP Area
316
Density / Sq Mi
$46,822
Median Household Income
$35,630
Median Earnings
$987
Median Rent
$181,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Duplex - Fully occupied residential property with in-unit laundry, stainless steel appliances, and four separately configured units.
Where is this duplex located?
The property is located at 308 WOODALE DRIVE Monroe, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four residential units arranged as two duplex buildings; Unit mix includes three 2‑bedroom/1.5‑bath units and one 1‑bedroom/1.5‑bath unit; Built in 2018
More about this property
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