Single-Family Rental
403 DREW STREET West Monroe, LA 71292
For Sale
$480,000
MULTI_FAMILY - West Monroe, LA
Lot Size0.68 Acres
Days on Market339
Property Features for 403 DREW STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Hard Surface Drive, Paved Street
- Standard status
- Active
- APN
- 78874
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Description
- LOTS 18, 19, 20 & 21 SQ 2 HAYNES2ND ADDN
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Number of units
- 6
- Roof type
- Shingle
Listing Agency:
Harrison Lilly
(318) 667-8458
Listed By:
Harrison Lilly · License #0995692997
(318) 732-6030
Added: Aug 21, 2025
Changed: Jul 22
Last Checked: Jul 25 at 2:06PM
MLS# 216105
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.
Located at 403 Drew Street in West Monroe, this for-sale portfolio consists of six single-family homes. Each home provides three bedrooms, one bathroom, a kitchen, a dedicated laundry area, and a living room, supporting straightforward residential leasing and operations. Four of the homes have been remodeled and are currently tenant-occupied. Those occupied units are reported to produce approximately $3,400 in monthly income. The remaining two homes, identified as 411 Drew and 413 Drew, have not been remodeled and are currently used for storage.
The property sits on 0.68 acres and is configured as a compact residential income setup with multiple separate houses on one site. With part of the rental base already remodeled and in place, the remaining units offer a clear path for an owner to upgrade the storage-using homes for future leasing.
For investors or buyers looking to add to an existing portfolio, this asset provides current rental income from the four remodeled, tenant-occupied homes. At the same time, the two non-remodeled structures currently used for storage create a built-in value-add opportunity for the next owner to complete renovations and expand revenue potential through additional occupancy. This blend of in-place tenancy and remaining upside is well-suited to operators ready to manage both current units and future turnover improvements.
The property sits on 0.68 acres and is configured as a compact residential income setup with multiple separate houses on one site. With part of the rental base already remodeled and in place, the remaining units offer a clear path for an owner to upgrade the storage-using homes for future leasing.
For investors or buyers looking to add to an existing portfolio, this asset provides current rental income from the four remodeled, tenant-occupied homes. At the same time, the two non-remodeled structures currently used for storage create a built-in value-add opportunity for the next owner to complete renovations and expand revenue potential through additional occupancy. This blend of in-place tenancy and remaining upside is well-suited to operators ready to manage both current units and future turnover improvements.
Key Highlights
- Property includes six single‑family homes, each with 3 bedrooms and 1 bathroom
- Four homes are remodeled and tenant‑occupied, generating approx. $3,400 in monthly income
- Two homes (411 Drew and 413 Drew) are not remodeled and currently used for storage
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six 3BR/1BA homes with four remodeled tenant-occupied units and two additional storage spaces.
Where is this apartment building located?
The property is located at 403 DREW STREET West Monroe, LA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Property includes six single‑family homes, each with 3 bedrooms and 1 bathroom; Four homes are remodeled and tenant‑occupied, generating approx. $3,400 in monthly income; Two homes (411 Drew and 413 Drew) are not remodeled and currently used for storage
