Income-Producing
For Sale
$165,000
Pending
61 W ELMWOOD DRIVE, Monroe, LA 71203
MULTI_FAMILY - Monroe, LA
Lot Size0.33 Acres
Days on Market140
Property Features for 61 W ELMWOOD DRIVE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Exterior features
Hard Surface Drive, Paved Street
Fireplace
1
Appliances
Dishwasher, Refrigerator, Electric Range/Oven, Washer/Dryer Connect
Subdivision
TOWN & COUNTRY
Directions
Hwy 165N take right on West Elmwood, Property on the right
Standard status
Pending
APN
7296
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
Lot 4 UNIT 23 TOWN AND COUNTRY SUB
Legal Description
Lot 4 UNIT 23 TOWN AND COUNTRY SUB
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Number of units
3
Roof type
Shingle
Listing Agency:
Coldwell Banker Group One Realty
(318) 362-0007
Listed By:
Dawn Bailey · License #0995681521
(318) 372-6550
Added: Mar 13
Changed: Jul 22
Last Checked: Jul 30 at 3:06PM
MLS# 218492
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 income-producing triplex includes three rental units. Unit A has 2 bedrooms and 1 bath and is currently rented at $650 per month, with a lease in place through 4/30/2026. Unit B offers 2 bedrooms and 1.5 baths and is rented at $650 per month on a month-to-month basis. Unit C provides 2 bedrooms and 2 baths and was recently updated, renting for $700 per month on a month-to-month basis.
The property is located at 61 W Elmwood Drive in Monroe, Louisiana, on a lot of 0.33 acres. The units are serviced by public utilities.
All information is deemed reliable but not guaranteed. Buyers are advised that the buyer’s agent should verify all details.
The property is located at 61 W Elmwood Drive in Monroe, Louisiana, on a lot of 0.33 acres. The units are serviced by public utilities.
All information is deemed reliable but not guaranteed. Buyers are advised that the buyer’s agent should verify all details.
Key Highlights
- Income‑producing triplex at 61 W Elmwood Dr in Monroe with three rental units and strong rental history
- Approx. $2,000/month in gross income: Unit A ($650, 2BD/1BA) lease through 4/30/2026
- Unit B ($650/month, 2BD/1.5BA) rented month‑to‑month
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three rental units and public utilities, generating monthly gross income with all units currently leased.
Where is this triplex located?
The property is located at 61 W ELMWOOD DRIVE Monroe, LA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Income‑producing triplex at 61 W Elmwood Dr in Monroe with three rental units and strong rental history; Approx. $2,000/month in gross income: Unit A ($650, 2BD/1BA) lease through 4/30/2026; Unit B ($650/month, 2BD/1.5BA) rented month‑to‑month
