Professionally Managed Duplex
For Sale
$745,000
1702 GRAMMONT STREET, Monroe, LA 71201
MULTI_FAMILY - Monroe, LA
Property Size1,440 SF
Lot Size1.00 Acre
Price / SF$517.36
Days on Market175
Property Features for 1702 GRAMMONT STREET
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
(RI) Res.
Patio and Porch features
Porch
Interior features
Smoke Detector
Exterior features
Paved Street
Appliances
Refrigerator, Electric Range/Oven, Washer/Dryer Connect
Elementary school
CYPRESS POINT C
Middle school
CARROLL CY
High school
CARROLL CY
Directions
Stay on I-20 E toward Monroe. Exit to Garrett Rd and head south. Turn left onto Texas Ave, right onto N 18th St, then left onto Grammont St. Property will be on the right.
Subdivision
131 Monroe & OP-East/ Hwy 165 To Richland Parish
Standard status
Active
APN
24412
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
CONSOLIDATION OF LOTS 3 & 4 BEING A PORTION OF BLK AROSS'S ADDN IN SEC 57 18-4
Legal Description
CONSOLIDATION OF LOTS 3 & 4 BEING A PORTION OF BLK AROSS'S ADDN IN SEC 57 18-4
Utilities
Heating system
Electric (Heating), Wall Furnace
Cooling system
Electric
Water source
Public
Building Details
Year built
2021
Number of units
10
Roof type
Metal
Listing Agency:
Coldwell Banker Group One Realty
(318) 362-0007
Listed By:
Chelsea Ross
(318) 376-6986
Added: Feb 5
Changed: Jul 9
Last Checked: Jul 30 at 11:06AM
MLS# 217939
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 professionally managed duplex portfolio at 1702 Grammont St includes five identical duplex structures, totaling 10 residential units. Each unit is a 2-bedroom, 1-bath layout with approximately 720 heated square feet, built in 2021. The interiors are arranged for practical living, with a living area leading into an efficient kitchen, followed by two bedrooms and one full bath. With a uniform floor plan across the duplexes, day-to-day management and leasing are streamlined.
The property is located in Monroe, Louisiana, and sits on a 1-acre lot. The exterior grounds are designed for straightforward maintenance, and there is on-site parking to support tenant needs. A rent roll is available with current monthly rents reported between $695 and $755 across the units. Reported gross income is $83,803 with net income of $59,664.
For buyers seeking a modern, fully occupied multifamily income property with repeatable unit design, this portfolio provides 10 units in a consistent configuration. Showings are available after an accepted offer, and a video walkthrough is available for review prior to scheduling. The combination of recent construction, full occupancy, and established rent reporting supports a practical, ready-to-manage acquisition profile.
The property is located in Monroe, Louisiana, and sits on a 1-acre lot. The exterior grounds are designed for straightforward maintenance, and there is on-site parking to support tenant needs. A rent roll is available with current monthly rents reported between $695 and $755 across the units. Reported gross income is $83,803 with net income of $59,664.
For buyers seeking a modern, fully occupied multifamily income property with repeatable unit design, this portfolio provides 10 units in a consistent configuration. Showings are available after an accepted offer, and a video walkthrough is available for review prior to scheduling. The combination of recent construction, full occupancy, and established rent reporting supports a practical, ready-to-manage acquisition profile.
Key Highlights
- 2021‑built duplex portfolio with 10 total units across five identical 2BR/1BA duplexes
- Each unit offers 720 heated SF; each duplex totals 1,440 heated SF per structure
- Fully occupied with reported gross income of $83,803 and net income of $59,664
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,463
Businesses Nearby
Explore this area
Business Placement
Demographics for 71201, LA
21,565
Population
10,352
Households
2.1
Avg Household Size
39
Median Age
43%
College-Educated
92%
High-School Grad
14.9 sq mi
ZIP Area
1,447
Density / Sq Mi
$53,538
Median Household Income
$44,262
Median Earnings
$882
Median Rent
$247,100
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?
Apartment building - Built in 2021 and fully occupied, this 10-unit duplex portfolio offers consistent rental income with on-site parking.
Where is this apartment building located?
The property is located at 1702 GRAMMONT STREET Monroe, LA.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: 2021‑built duplex portfolio with 10 total units across five identical 2BR/1BA duplexes; Each unit offers 720 heated SF; each duplex totals 1,440 heated SF per structure; Fully occupied with reported gross income of $83,803 and net income of $59,664
