Back to Search

Income-Generating Triplex with Updates

61 W ELMWOOD DRIVE, Monroe, LA 71203

View on Map

For Sale

$165,000

MULTI_FAMILY - Monroe, LA

Lot size:

0.33 Acres

HighLights

Income‑producing triplex at 61 W Elmwood Dr with 3 rental units and strong rental history
Unit A: 2 bed/1 bath rented for $650/month with 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, rented for $700/month on a month‑to‑month basis
Approximately $2,000 in monthly gross income; serviced by public water and public utilities
Central heating and central air; shingle roof; includes porch, dishwasher, refrigerator, electric range/oven, and washer/dryer hookups

We can help!

Contact an agent

Dawn Bailey

For Sale

$165,000

MULTI_FAMILY - Monroe, LA

Lot size:

0.33 Acres

Added:: Mar 13, 2026
Days on Market:: 116
Last Refresh:: Jul 6 at 2:06 am

Property Features for 61 W ELMWOOD DRIVE

General Information

Property type: Residential Multi Family
Property subtype: Other
Patio and Porch features: Porch
Interior features: Ceiling Fan(s)
Exterior features: Hard Surface Drive, Paved Street
Fireplace: 1
Appliances: Dishwasher, Refrigerator, Electric Range/Oven, Washer/Dryer Connect
Standard status: Active
APN: 7296
Lot size: 0.33 Acres

Taxes and HOA fees

Tax Description: Lot 4 UNIT 23 TOWN AND COUNTRY SUB

Utilities

Heating system: Central
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1980
Number of units: 3
Roof type: Shingle

We can help!

Contact an agent

Dawn Bailey

Listing agent Dawn Bailey License #0995681521

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 at 61 W Elmwood Dr with 3 rental units and strong rental history
Unit A: 2 bed/1 bath rented for $650/month with 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, rented for $700/month on a month‑to‑month basis
Approximately $2,000 in monthly gross income; serviced by public water and public utilities
Central heating and central air; shingle roof; includes porch, dishwasher, refrigerator, electric range/oven, and washer/dryer hookups

Overview

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

The property is located at 61 W Elmwood Drive in Monroe, Louisiana (71203). The asset sits on a lot of approximately 0.33 acres and is serviced by public utilities.

Designed for investors seeking rental income from a multi-unit configuration, this triplex provides a mix of in-place lease timing and month-to-month occupancy. With all three units operating and at least one unit recently updated, the property offers a practical setup for an owner looking to add to or expand a rental portfolio. All information is provided as deemed reliable but not guaranteed, and buyers should verify details during due diligence.

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

Nearby Similar for Sale

$265,000

2,555 SF

Single-Tenant Office Building

Well-maintained office building with eight private offices, breakroom, and three restrooms, occupied by a long-term tenant since 1992.

1859 Avenue Of America, Monroe, LA 71201

View Details
$699,900

Renovated Office-Warehouse Building

Move-in-ready office and warehouse layout with nine private offices and central HVAC on a fully paved parking lot.

2501 NEWCOMBE STREET, Monroe, LA 71201

View Details
$294,500

Freestanding Professional Office Building

Freestanding office with 18 parking spaces and a new 2026 roof with transferable warranty for immediate, flexible use.

2910 EVANGELINE STREET, Monroe, LA 71201

View Details
$500,000

Climate-Controlled Storage Facility

For sale 39-unit self storage facility offering climate-controlled storage near major interstate access.

606 N 5TH STREET, Monroe, LA 71201

View Details
$299,000

Multi-Tenant Office Building

Five-suite office building with private restrooms, professional layouts, and four of five suites currently leased.

2105 Justice St, Monroe, LA 71201

View Details
$268,800

Medical Office with Private Offices

Turnkey office space with six private offices, reception, conference room, kitchenette, two restrooms, and 10+ parking spaces.

2901 EVANGELINE STREET, Monroe, LA 71201

View Details
$950,000

Industrial Warehouse with Fenced Yard

Clear-span warehouse with drive-through access, roll-up doors, and a fully fenced concrete yard for equipment-focused operations.

8680 FRONTAGE ROAD, Monroe, LA 71203

View Details
$425,000

Industrial Warehouse with Office

Move-in ready warehouse with office space, multiple overhead doors, and excess rear land for laydown or fleet needs.

323 PARKER ROAD, Monroe, LA 71202

View Details
$399,900

Multi-Suite Office Building

Well-maintained building with five office suites, including two currently leased for ongoing occupancy flexibility.

506 N 31ST STREET, Monroe, LA 71201

View Details
$249,000

Professional Office Building

Updated professional office building with multiple private offices, reception, and conference space for owner-occupants or office tenants.

1504 Stubbs Ave, Monroe, LA 71201

View Details
$1,699,000

Industrial Tract with Two Warehouses

Two warehouse buildings plus a small office on a 21-acre tract with blacktop road frontage.

8676 MILLHAVEN ROAD, Monroe, LA 71203

View Details
$120,000

Retail Pharmacy with Drive-Thru

Pharmacy building with drive-thru plus adjoining east-side lot, located just off Orange Street in Monroe, Louisiana.

1215 ORANGE STREET, Monroe, LA 71202

View Details

For sale
Triplexes
LA
Monroe
71203
61 W ELMWOOD DRIVE

What type of property is this?

Triplex - Three-unit triplex with two public-utility-serviced residences and one recently updated unit producing monthly rental income.

Where is this triplex located?

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

What is the asking price?

The asking price for this property is $165,000.

What are key features of this property?

This property features: Income‑producing triplex at 61 W Elmwood Dr with 3 rental units and strong rental history; Unit A: 2 bed/1 bath rented for $650/month with lease in place through 4/30/2026; Unit B: 2 bed/1.5 bath rented for $650/month on a month‑to‑month basis

61 W ELMWOOD DRIVE, Monroe, LA 71203

MULTI_FAMILY - Monroe, LA

Property Features for 61 W ELMWOOD DRIVE

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Single-Tenant Office Building

Renovated Office-Warehouse Building

Freestanding Professional Office Building

Climate-Controlled Storage Facility

Multi-Tenant Office Building

Medical Office with Private Offices

Industrial Warehouse with Fenced Yard

Industrial Warehouse with Office

Multi-Suite Office Building

Professional Office Building

Industrial Tract with Two Warehouses

Retail Pharmacy with Drive-Thru

FAQs