Fourplex with Mobile Home
For Sale
$249,000
314 TENNESSEE STREET, Monroe, LA 71203
MULTI_FAMILY - Monroe, LA
Days on Market146
Property Features for 314 TENNESSEE STREET
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Porch
Interior features
Ceiling Fan(s)
Exterior features
Gravel Drive, Paved Street, Apartment
Appliances
Refrigerator, Electric Range/Oven
Subdivision
LAKESHORE
Elementary school
LAKESHORE O
High school
OUACHITA O
Directions
Desiard Street past ULM, left onto Tennessee and the property is on the right
Standard status
Active
APN
74538
Taxes and HOA fees
Tax Description
Sq. 30 ft, Lot 12 & Lot 13 & N 20 Ft, Lot 14Sq. 10
Legal Description
Sq. 30 ft, Lot 12 & Lot 13 & N 20 Ft, Lot 14Sq. 10
Utilities
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Roof type
Shingle
Listing Agency:
Cypress State Realty
(318) 728-4043
Listed By:
Scott Leo · License #995694263
(318) 535-3967
Added: Mar 6
Changed: Jul 12
Last Checked: Jul 30 at 11:06AM
MLS# 218353
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 for-sale income property includes a fourplex plus an additional mobile home located on a separate lot, for a total of five rental units. Each unit has its own separate electric meter, and the landlord pays the water bill. The property is managed using a master key lock system for easier access and oversight.
Two of the units are currently furnished and rented to Meta employees; furniture is not included in the sale. The fourplex rents for $600 per unit, and the mobile home rents for $675 per month, for approximately $3,075 in total monthly income.
Situated just minutes from ULM and near the Monroe city limits, the property is presented as historically maintaining strong occupancy. The owner/agent notes potential for additional returns through cosmetic improvements.
Two of the units are currently furnished and rented to Meta employees; furniture is not included in the sale. The fourplex rents for $600 per unit, and the mobile home rents for $675 per month, for approximately $3,075 in total monthly income.
Situated just minutes from ULM and near the Monroe city limits, the property is presented as historically maintaining strong occupancy. The owner/agent notes potential for additional returns through cosmetic improvements.
Key Highlights
- Income property with a fourplex plus an additional mobile home on a separate lot—5 total rental units
- 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, which has remained minimal
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
170
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?
Quadplex - Income property with a fourplex plus a mobile home on a separate lot, totaling five rental units.
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: Income property with a fourplex plus an additional mobile home on a separate lot—5 total rental units; 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, which has remained minimal
