5823-5829 Tullis Drive New Orleans, LA 70131

Building Details

Year Built

1980

Listing agency Russell Frank Realty Group, L.L.C. l***@corp-realty.com Show Phone

Listed by Lawless Turner · License #995698200 Show Phone

Source Compass

Added: Aug 11, 2025 Updated: Jul 22 at 6:44PM Checked: Jul 22 at 6:44PM

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Investment Insights

Based on property information with market context.

This four-unit multifamily property includes four 3-bedroom, 1.5-bath units with in-unit laundry hookups, private yards, and off-street parking for two vehicles per unit. The property totals 5,220 livable square feet and is configured as four separate, separately deeded assets.

Currently, three units are leased under term leases and one unit is vacant. Off-street parking is provided with eight available parking spaces across the property.

Located within the Tall Timbers subdivision, the building offers a consistent unit mix designed around family-sized layouts. Seller financing options are available, and the property is presented as having minimal deferred maintenance.

Key Highlights

• 4‑unit multifamily property with 4 separately deeded units and 4 full units total
• Totals 5,220 livable SF: four 3BR/1.5BA units averaging 1,305 SF each
• Annual gross rent $47,220 current; includes rent growth potential to $79,200+

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FAQs

What type of property is this?

Quadplex - Four 3BR/1.5BA units with in-unit laundry hookups, private yards, and off-street parking for two vehicles per unit.

Where is this quadplex located?

The property is located at 5823-5829 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: 4‑unit multifamily property with 4 separately deeded units and 4 full units total; Totals 5,220 livable SF: four 3BR/1.5BA units averaging 1,305 SF each; Annual gross rent $47,220 current; includes rent growth potential to $79,200+