3-Unit
For Sale
$164,000
61 W ELMWOOD DRIVE, Monroe, LA 71203
RESIDENTIAL INCOME, Monroe, LA
Property SizeContact for details
Lot Size0.33 Acres
Days on Market215
Property Features for 61 W ELMWOOD DRIVE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
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
Subdivision
TOWN & COUNTRY
Directions
Hwy 165N take right on West Elmwood, Property on the right
Standard status
Active
APN
7296
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
Lot 4 UNIT 23 TOWN AND COUNTRY SUB
Legal 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
Listing Agency:
Coldwell Banker Group One Realty
(318) 362-0007
Listed By:
Dawn Bailey · License #0995681521
(318) 372-6550
Added: Mar 13
Changed: Oct 8
Last Checked: Oct 13 at 9:06AM
MLS# 218492
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.
Investment Insights
Based on property information with market context.
At 61 W Elmwood Drive in Monroe, this 1980-built triplex contains three apartments. Each has two bedrooms. Unit A has one bathroom and a lease in place through 4/30/2026. Unit B has 1.5 bathrooms and is occupied month-to-month. Unit C has two bathrooms, was recently updated, and is also occupied month-to-month.
The 0.33-acre property is served by public water and utilities. Improvements include central heating and air conditioning, a porch, a shingle roof, and a hard-surface driveway. Interior and appliance features include ceiling fans, a dishwasher, refrigerator, electric range and oven, and washer/dryer connections.
The 0.33-acre property is served by public water and utilities. Improvements include central heating and air conditioning, a porch, a shingle roof, and a hard-surface driveway. Interior and appliance features include ceiling fans, a dishwasher, refrigerator, electric range and oven, and washer/dryer connections.
Key Highlights
- Three rental units on a 0.33‑acre property
- Each unit has 2 bedrooms
- Unit A has 1 bathroom and a lease through 4/30/2026
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 71203, LA
37,438
Population
17,178
Households
2.2
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
118.5 sq mi
ZIP Area
316
Density / Sq Mi
$46,822
Median Household Income
$35,630
Median Earnings
$987
Median Rent
$181,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - All three apartments have two bedrooms, with bathroom layouts ranging from one to two per unit.
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 $164,000.
What are key features of this property?
This property features: Three rental units on a 0.33‑acre property; Each unit has 2 bedrooms; Unit A has 1 bathroom and a lease through 4/30/2026
