Triplex with Updated
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 Market186
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: Sep 8
Last Checked: Sep 14 at 12:06AM
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.
This 1980 triplex at 61 W Elmwood Drive in Monroe includes three rental units on a 0.33-acre parcel. Each unit has two bedrooms, with one offering one bathroom, another one-and-a-half bathrooms, and the third two bathrooms. Unit C has been recently updated. Unit A is leased through 4/30/2026, while Units B and C are occupied on month-to-month arrangements.
The property is served by public water and includes central heating and central air. Interior features include ceiling fans, dishwashers, refrigerators, electric ranges/ovens, and washer/dryer connections. A porch, fireplace, shingle roof, hard-surface drive, and paved street add to the existing improvements.
The property is served by public water and includes central heating and central air. Interior features include ceiling fans, dishwashers, refrigerators, electric ranges/ovens, and washer/dryer connections. A porch, fireplace, shingle roof, hard-surface drive, and paved street add to the existing improvements.
Key Highlights
- Three‑unit property on 0.33 acres
- All units offer 2 bedrooms
- Unit A leased 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 - Three rental units provide two-bedroom layouts, public utilities, and varied lease arrangements in Monroe.
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‑unit property on 0.33 acres; All units offer 2 bedrooms; Unit A leased through 4/30/2026
