Income-Generating Triplex Property

61 ELMWOOD DRIVE, Monroe, LA 71203

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For Sale

$170,000

Triplex - Monroe, LA

Type:Triplex

Lot size:

0.33 Acres

HighLights

Income‑producing triplex with 3 rental units at 61 W Elmwood Dr in Monroe
Approx. $2,000/month in gross income reported across Units A, B, and C
Unit A: 2 bed / 1 bath rented for $650/month, lease in place through 4/30/2026
Unit B: 2 bed / 1.5 bath rented for $650/month on a month‑to‑month basis
Unit C: 2 bed / 2 bath recently updated and rented for $700/month on a month‑to‑month basis
Central HVAC plus fireplace; brick/brick veneer and vinyl siding; asphalt shingle roof

We can help!

Listing Contact

Dawn Bailey

For Sale

$170,000

Triplex - Monroe, LA

Type:Triplex

Lot size:

0.33 Acres

Added:: Mar 13, 2026
Days on Market:: 90
Last Refresh:: Jun 10 at 10:06 am

Property Features for 61 ELMWOOD DRIVE

General Information

Property type: Residential Multi Family
Property subtype: Triplex
Interior features: Ceiling Fan(s)
Exterior features: Hard Surface Drive, Paved Street
Fireplace: 1
Appliances: Dishwasher, Range, Refrigerator, Washer
Standard status: Active
APN: 7296
Lot size: 0.33 Acres

Utilities

Heating system: Central, Fireplace(s)
Cooling system: Central Air

Building Details

Year built: 1980
Number of units: 3
Building materials: Brick, Brick Veneer, Vinyl Siding
Roof type: Asphalt, Shingle
Architectural style: Other

We can help!

Listing Contact

Dawn Bailey

Listing agent Dawn Bailey

Listing office Coldwell Banker Group One Realty 2120 Cypress Street, West Monroe, LA

Listing date Mar 13, 2026

MLS# 218492 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

Income‑producing triplex with 3 rental units at 61 W Elmwood Dr in Monroe
Approx. $2,000/month in gross income reported across Units A, B, and C
Unit A: 2 bed / 1 bath rented for $650/month, lease in place through 4/30/2026
Unit B: 2 bed / 1.5 bath rented for $650/month on a month‑to‑month basis
Unit C: 2 bed / 2 bath recently updated and rented for $700/month on a month‑to‑month basis
Central HVAC plus fireplace; brick/brick veneer and vinyl siding; asphalt shingle roof

Overview

This income-producing triplex includes three rental units serviced by public utilities. Unit A offers 2 bedrooms and 1 bath and is currently rented for $650 per month with a lease in place through 4/30/2026. Unit B features 2 bedrooms and 1.5 baths and is rented for $650 per month on a month-to-month basis. Unit C provides 2 bedrooms and 2 baths, has been recently updated, and is rented for $700 per month on a month-to-month basis.

The property is located at 61 Elmwood Drive in Monroe, Louisiana, on a 0.33-acre lot. The offering is structured around existing tenant occupancy and documented rental payment amounts as stated in the listing remarks.

For investors, this triplex can be a straightforward addition to a rental portfolio, combining one lease with a fixed term through April 2026 and two month-to-month units. Buyer’s agents are encouraged to verify all information, including unit details, lease terms, and income figures, as the listing data is provided as reliable but not guaranteed.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Monroe
County: Ouachita
State: Louisiana
Longitude: -92.07341
Latitude: 32.55901

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For sale
Triplexes
LA
Monroe
71203
61 ELMWOOD DRIVE

What type of property is this?

Triplex - Three-unit triplex with public utilities and a mix of in-place and month-to-month leases generating rental income.

Where is this triplex located?

The property is located at 61 ELMWOOD DRIVE Monroe, LA.

What is the asking price?

The asking price for this property is $170,000.

What are key features of this property?

This property features: Income‑producing triplex with 3 rental units at 61 W Elmwood Dr in Monroe; Approx. $2,000/month in gross income reported across Units A, B, and C; Unit A: 2 bed / 1 bath rented for $650/month, lease in place through 4/30/2026

61 ELMWOOD DRIVE, Monroe, LA 71203

Triplex - Monroe, LA

Property Features for 61 ELMWOOD 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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