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Four-Unit Quadplex
For Sale
$380,000
Pending

5823 - 5829 TULLIS Drive, New Orleans, LA 70131

Four three-bedroom residences feature private yards, laundry hookups, and dedicated off-street parking.

Property Size5,220 SF
Days on Market327

Property Features for 5823 - 5829 TULLIS Drive

General Information

Standard status Pending
Size 5,220 SF
Total Parking Spaces 8
Property subtype Quadruplex

Property Condition

Severity Repairs Needed
Evidence minimal deferred maintenance

Units

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

Additional Details

Gross Income $47,220

Amenities

in-unit laundry hookups
private yards

Building Details

Building Size 5,220 SF
Year Built 1980
Listing Agency: Corporate Realty Leasing Company
Listed By: Lawless Turner · License #995698200
Source: Karolinakemski.kw
Added: Nov 14, 2025 Changed: Oct 7 Last Checked: Oct 7 at 8:52AM

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 Corporate Realty Leasing Company

Investment Insights

Based on property information with market context.

This 1980-built quadplex contains 5,220 livable square feet across four residential units. Each residence offers a three-bedroom, 1.5-bath layout averaging 1,305 SF, with in-unit laundry hookups, a private yard, and off-street parking. The property includes 8 off-street parking spaces in total.

Three units are occupied under term leases, while one unit is currently vacant. The four units are separately deeded, providing distinct ownership components within the property. Located in the Tall Timbers subdivision at 5823–5829 Tullis Drive in New Orleans, the property is configured for long-term residential occupancy.

Key Highlights

  • 5,220 livable SF across four residential units
  • Four 3BR / 1.5BA units averaging 1,305 SF each
  • Three units with term leases and one unit 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

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 residences feature private yards, laundry hookups, and dedicated off-street parking.
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 $380,000.
What are key features of this property?
This property features: 5,220 livable SF across four residential units; Four 3BR / 1.5BA units averaging 1,305 SF each; Three units with term leases and one unit vacant
More about this property
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