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Four-Unit Quadplex with Private Yards
For Sale
$450,000

5793-99 Tullis Drive, New Orleans, LA 70131

Four three-bedroom units offer in-unit laundry hookups, central air, and off-street parking.

Property Size5,220 SF
Price / SF$86.21
Days on Market387

Property Features for 5793-99 Tullis Drive

General Information

Standard status Active
Size 5,220 SF
Total Parking Spaces 8
Property subtype MULTI FAMILY FOR SALE / Townhouse
Occupancy 50%

Property Condition

Severity Repairs Needed
Evidence minimal deferred maintenance

Units

Unit Mix 4 x 3BR/1.5BA
Multifamily Units 4

Additional Details

Gross Income $27,744

Amenities

in-unit laundry hookups
private yards
Central Air
Central
1
4
12
In Unit
8
Asphalt, Other
2
Slab: Traditional
Brick, Vinyl Siding, Wood Siding

Building Details

Year Built 1980
Listing Agency: Russell Frank Realty Group, L.L.C.
Listed By: Lawless Turner · License #995698200
Source: Compass
Added: Aug 11, 2025 Changed: Aug 30 Last Checked: Aug 31 at 9:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russell Frank Realty Group, L.L.C.

Investment Insights

Based on property information with market context.

This quadplex contains 5,220 livable square feet across four three-bedroom, 1.5-bath residences averaging 1,305 SF each. The 1980-built property includes central air, in-unit laundry hookups, private yards, and off-street parking. Two residences have term leases, while two are vacant, providing a mix of existing occupancy and available units.

Located in the Tall Timbers subdivision at 5793-99 Tullis Drive in New Orleans, the property includes eight off-street parking spaces. Each residence is designed for practical household use, with two parking spaces allocated per unit. The four units are separately deeded, offering distinct ownership components within the multifamily asset.

Key Highlights

  • Four 3BR / 1.5BA units totaling 5,220 livable SF
  • Units average 1,305 SF each
  • Two units have term leases and two units are vacant

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Hair Salon Pharmacy Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
50%
Occupancy

Location Intelligence

Trade Area within ½ mile

222
Businesses Nearby

Demographics for 70131, LA

27,473
Population
12,070
Households
2.3
Avg Household Size
38
Median Age
36%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
2,348
Density / Sq Mi
$64,294
Median Household Income
$45,347
Median Earnings
$1,057
Median Rent
$236,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four three-bedroom units offer in-unit laundry hookups, central air, and off-street parking.
Where is this quadplex located?
The property is located at 5793-99 Tullis Drive New Orleans, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four 3BR / 1.5BA units totaling 5,220 livable SF; Units average 1,305 SF each; Two units have term leases and two units are vacant
More about this property
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