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Fourplex Portfolio with In-Unit Laundry
For Sale
$760,000

5829 Tullis Dr, New Orleans, LA 70131

Four residential income properties offer three-bedroom layouts, private yards, dedicated parking, and individual laundry facilities.

Property Size10,440 SF
Price / SF$72.80
Days on Market264

Property Features for 5829 Tullis Dr

General Information

Standard status Active
Size 10,440 SF
Total Parking Spaces 32
Property subtype Multifamily
Zoning S-RM1

Property Condition

Severity Repairs Needed
Evidence minimal deferred maintenance

Units

Unit Mix 16 x 3BR/1.5BA
Multifamily Units 16
Parking per Unit 2

Amenities

in-unit laundry
private yards
Power
Water
Sewer
32 Parking Spaces

Building Details

Year Built 1980
Buildings 4
Listing Agency: Corporate Realty - Main Office
Listed By: Lawless Turner · License #995698200
Source: Lacdb.resimplifi
Added: Dec 11, 2025 Changed: Aug 28 Last Checked: Aug 31 at 1:39PM

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 - Main Office

Investment Insights

Based on property information with market context.

This portfolio comprises four separately deeded fourplexes completed in 1980, totaling 20,880 square feet and 16 apartments. Each building contains four three-bedroom, one-and-a-half-bath units averaging 1,305 square feet. Residences include in-unit laundry, private yards, and off-street parking for two vehicles per unit. The property is zoned S-RM1.

The four buildings are located at 5771–5777, 5779–5785, 5793–5799, and 5823–5829 Tullis Drive in New Orleans, Louisiana 70131. Buildings may be acquired individually, in combinations, or as a complete portfolio, providing flexibility in acquisition structure.

The 5,220-square-foot buildings are configured for residential income use, with family-sized floor plans and separate deeds for each asset. The portfolio’s 16 units provide a consistent building and unit format across the four properties.

Key Highlights

  • Four separately deeded fourplexes totaling 20,880 square feet
  • 16 apartments configured as four 3BR/1.5BA units per building
  • Each unit averages 1,305 square feet and includes in‑unit laundry

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

16
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 residential income properties offer three-bedroom layouts, private yards, dedicated parking, and individual laundry facilities.
Where is this quadplex located?
The property is located at 5829 Tullis Dr New Orleans, LA.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Four separately deeded fourplexes totaling 20,880 square feet; 16 apartments configured as four 3BR/1.5BA units per building; Each unit averages 1,305 square feet and includes in‑unit laundry
More about this property
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