403 DREW STREET, West Monroe, LA 71292

Building Details

Number of units

6

Roof type

Asphalt, Shingle

Architectural style

Other

Listing agent Harrison Lilly Show Phone

Listing office Harrison Lilly 1309 Louisville Ave, Monroe, LA Show Phone

Listing date Aug 21, 2025

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MLS# 216105 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 multifamily property consists of six single-family homes, each offering 3 bedrooms, 1 bathroom, a kitchen, a laundry area, and a living room. Four of the homes have been remodeled and are currently tenant-occupied, contributing to approximately $3,400 in monthly income. The remaining two homes, 411 Drew and 413 Drew, have not been remodeled and are currently used for storage.

Located at 403 Drew Street in West Monroe, Louisiana, the property sits on a 0.68-acre lot. Its configuration as multiple detached homes provides flexibility for an ownership strategy that can include maintaining current tenants while planning next steps for the two non-remodeled homes.

For investors seeking immediate income, the four tenant-occupied, remodeled homes offer a turn-key rental setup. For owner-operators or buyers with renovation plans, the two additional homes currently used for storage present a practical opportunity to bring the remaining units up to condition for potential rental use. This combination of in-place occupancy and additional homes makes the property well-suited for buyers looking to manage a small portfolio of detached residential units.

Map

City

West Monroe

County

Ouachita

State

Louisiana

Longitude

-92.2204

Latitude

32.3932

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FAQs

What type of property is this?

Apartment building - Six 3-bedroom homes produce current rental income, with two additional units used for storage pending renovation.

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: Six single‑family homes, each with 3 bedrooms and 1 bathroom, plus kitchen, laundry area, and living room; Four homes are remodeled and tenant‑occupied, generating approximately $3,400 in monthly income; Two additional homes (411 Drew and 413 Drew) have not been remodeled and are currently used for storage