Triplex with Updated
For Sale
$164,000
61 W ELMWOOD DRIVE, Monroe, LA 71203
MULTI_FAMILY - Monroe, LA
Property SizeContact for details
Lot Size0.33 Acres
Days on Market161
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: Aug 12
Last Checked: Aug 20 at 6:06PM
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.
Located at 61 W Elmwood Drive in Monroe, Louisiana, this 1980-built triplex contains three rental units on a 0.33-acre parcel. Unit A has two bedrooms and one bathroom with a lease extending through 4/30/2026. Unit B includes two bedrooms and 1.5 bathrooms on a month-to-month arrangement, while Unit C provides two bedrooms and two bathrooms and has been recently updated.
The property is connected to public water service and includes central heating and central air conditioning. Additional physical features include a shingle roof, paved street access, a hard-surface drive, porch space, ceiling fans, and washer/dryer connections. Appliances include dishwashers, refrigerators, and electric ranges/ovens. A fireplace is also present.
The property is connected to public water service and includes central heating and central air conditioning. Additional physical features include a shingle roof, paved street access, a hard-surface drive, porch space, ceiling fans, and washer/dryer connections. Appliances include dishwashers, refrigerators, and electric ranges/ovens. A fireplace is also present.
Key Highlights
- Three rental units on a 0.33‑acre parcel
- Unit mix includes 2 bedrooms and 1 bathroom; 2 bedrooms and 1.5 bathrooms; and 2 bedrooms and 2 bathrooms
- Unit A lease runs through 4/30/2026
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with public utilities, central HVAC, paved access, and a covered porch.
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 parcel; Unit mix includes 2 bedrooms and 1 bathroom; 2 bedrooms and 1.5 bathrooms; and 2 bedrooms and 2 bathrooms; Unit A lease runs through 4/30/2026
