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For sale
Single family properties
LA
Monroe
71202
420 PARGOUD DRIVE

Single-Family Rental Portfolio

420 PARGOUD DRIVE, Monroe, LA 71202

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For Sale

$490,000

House - Monroe, LA

HighLights

Portfolio includes 7 single‑family rental homes located in Monroe and West Monroe, Louisiana
Most homes are rented to long‑term tenants, supporting a consistent rental income stream
Each home offers its own layout, providing a diverse mix within the portfolio
Cooling includes central air, electric cooling, and gas (cooling)
Investment focus is on potential to increase rents or renovate to pursue higher returns

We can help!

Listing Contact

Dustin James

For Sale

$490,000

House - Monroe, LA

Added:: Jul 9, 2025
Days on Market:: 337
Last Refresh:: Jun 10 at 2:06 pm

Property Features for 420 PARGOUD DRIVE

General Information

Property type: Residential Multi Family
Property subtype: Other
Standard status: Active
APN: Multiple

Utilities

Cooling system: Central Air, Electric, Gas (Cooling)

Building Details

Architectural style: Other

We can help!

Listing Contact

Dustin James

Listing agent Dustin James

Listing office Keller Williams Parishwide Partners 1390 Hudson Lane, Monroe, LA

Listing date Jul 9, 2025

MLS# 215446 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.

HighLights

Portfolio includes 7 single‑family rental homes located in Monroe and West Monroe, Louisiana
Most homes are rented to long‑term tenants, supporting a consistent rental income stream
Each home offers its own layout, providing a diverse mix within the portfolio
Cooling includes central air, electric cooling, and gas (cooling)
Investment focus is on potential to increase rents or renovate to pursue higher returns

Overview

This offering is a rental portfolio consisting of seven single-family homes. The properties come with diverse layouts designed to fit different household needs, and the portfolio is presented as mostly tenant-occupied, with most homes rented to long-term tenants. For an owner-operator or investor, the package can also support selective updates, as renovation and rent optimization are described as possible paths to improve performance across the portfolio.

The homes are located in Monroe and West Monroe, Louisiana, and the listing includes an address at 420 Pargoud Drive in Monroe, LA 71202. The portfolio format provides multiple separate residential assets under one purchase, which can simplify ownership of a small-scale rental operation in the area.

This is a practical fit for buyers looking to acquire a multi-home rental package rather than a single residence. Because most homes are already leased to long-term tenants, it may appeal to investors seeking immediate rental operations and a diversified tenant mix across different layouts. Investors who want to be more hands-on may evaluate individual homes for condition and make plans for any renovations or adjustments that could better align rents with tenant needs and property standards, subject to local requirements and expenses.

Property Profile Location Intelligence

Current Use by Public Records

Single family properties

Suggested Use

Location Insight

Map
Local Demand

City: Monroe
County: Ouachita
State: Louisiana
Longitude: -92.121185
Latitude: 32.48002

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For sale
Single family properties
LA
Monroe
71202
420 PARGOUD DRIVE

What type of property is this?

Single family property - Portfolio of seven single-family homes in Monroe and West Monroe, with most units occupied by long-term tenants.

Where is this single family property located?

The property is located at 420 PARGOUD DRIVE Monroe, LA.

What is the asking price?

The asking price for this property is $490,000.

What are key features of this property?

This property features: Portfolio includes 7 single‑family rental homes located in Monroe and West Monroe, Louisiana; Most homes are rented to long‑term tenants, supporting a consistent rental income stream; Each home offers its own layout, providing a diverse mix within the portfolio

420 PARGOUD DRIVE, Monroe, LA 71202

House - Monroe, LA

Property Features for 420 PARGOUD DRIVE

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Rail-Served Warehouse and Office

Move-In Ready Office Building

Turnkey Office Suite with Reception

Versatile Showroom and Office Building

Monroe Office and Warehouse Property

Clear-Span Industrial Warehouse with Yard

Institutional Facility for Multiple Uses

Turn-Key Professional Office Building

Five-Suite Office Building in Business Park

Professional Office Suite on Corner

Warehouse with Office and Laydown Yard

Historic Retail Building in CBD Zone

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