314 TENNESSEE STREET, Monroe, LA 71203

Building Details

Building materials

Masonite

Roof type

Asphalt, Shingle

Architectural style

Other

Listing agent Scott Leo Show Phone

Listing office Cypress State Realty 507 Madeline Street, Rayville, LA Show Phone

Listing date Mar 6, 2026

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MLS# 218353 Listing URL

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.

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Overview

This for-sale fourplex includes four rental units plus an additional mobile home on a separate lot, creating a total of five income-producing units. Each unit in the fourplex has its own separate electric meter, and the landlord pays the water bill. The property is managed using a master key lock system for convenient access. Two of the units are currently furnished; however, the furniture is not included with the sale.

Located in Monroe, Louisiana near the city limits and just minutes from ULM, the property is positioned for long-term rental demand tied to nearby employment and campus activity. The fourplex and mobile home are configured as separate rentals on distinct lots, which can help streamline tenant management.

For investors or buyers seeking a small, multi-unit residential income property, this package offers five total units with independently metered electricity and ongoing utility management handled by the owner. With two units furnished on-site (furniture excluded from the sale), the property may also be suitable for operators looking to offer furnished rentals or adjust unit finishes to align with tenant preferences.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Monroe

County

Ouachita

State

Louisiana

Longitude

-92.05502

Latitude

32.530181

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FAQs

What type of property is this?

Quadplex - Five-unit rental property with separate electric meters and landlord-paid water bill for simplified operations.

Where is this quadplex located?

The property is located at 314 TENNESSEE STREET Monroe, LA.

What is the asking price?

The asking price for this property is $249,000.

What are key features of this property?

This property features: Five total rental units: a fourplex plus an additional mobile home on a separate lot; Current rents: fourplex at $600 per unit and mobile home at $675/month for about $3,075/month ($36,900/year); Separate electric meters for each unit; landlord pays water bill