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Tullis Drive Multifamily Complex 1 Multifamily Properties Offered at $2,468,088 CAD in New Orleans, LA
Investment Highlights
- Each building can be purchased individual or in combination or all together
- FOUR INCOME-PRODUCING FOURPLEXES
- $450,000/per building
- All unit address 5771-5777, 5779-5785, 5793-5799, 5823-5829 Tullis Drive, New Orleans, LA 70131
- Four 5,220 sf buildings with 16 apartments - 1,305 sf each
Executive Summary
Each fourplex totals 5,220 sf, consisting of four 3BR/1.5BA units averaging 1,305 sf each.
All units include in-unit laundry, private yards, and off-street parking for two vehicles. Located in the stable, high-demand Algiers submarket, this asset provides family-friendly layouts ideal for long-term tenants.
This 16-unit multifamily portfolio delivers strong in-place cash flow with significant rent growth potential through HANO-supported rents. The property already meets DSCR loan thresholds and offers a clear path to double-digit returns once stabilized.
With minimal deferred maintenance, and four separately deeded assets, investors gain both income stability and exit flexibility in one of New Orleans’ most resilient rental markets.
All units include in-unit laundry, private yards, and off-street parking for two vehicles. Located in the stable, high-demand Algiers submarket, this asset provides family-friendly layouts ideal for long-term tenants.
This 16-unit multifamily portfolio delivers strong in-place cash flow with significant rent growth potential through HANO-supported rents. The property already meets DSCR loan thresholds and offers a clear path to double-digit returns once stabilized.
With minimal deferred maintenance, and four separately deeded assets, investors gain both income stability and exit flexibility in one of New Orleans’ most resilient rental markets.
Property Facts
| Price | $2,468,088 CAD | Status | Active |
| Price / SF | $472.81 CAD / SF | Number of Properties | 4 |
| Cap Rate | 6% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 5,220 SF |
| Price | $2,468,088 CAD |
| Price / SF | $472.81 CAD / SF |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 5,220 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5823 Tullis Dr, New Orleans, LA 70131 | Multifamily | 5,220 SF | 2010 | - |
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Tullis Drive Multifamily Complex
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