5771-5829 Tullis Drive
New Orleans, LA 70131
48
Bed
16
Bath
20,880Sqft
High-Performing Multifamily Investment Generating Immediate Cash Flow. This 16-unit multifamily portfolio delivers strong in-place cash flow at $182,580 annual gross rent, with significant rent growth potential to $316,800+ annual gross rent. The property already meets DSCR loan thresholds and offers a clear path to strong returns once stabilized. Each 4-plex totals 5,220 of livable sq ft, consisting of four 3BR / 1.5BA units averaging 1,305 SF for each unit. Currently, there are 11 units with term leases and 5 units vacant. All units include in-unit laundry hookups, private yards, and off-street parking for two vehicles. 32 off-street parking spots available. Located in Tall Timbers subdivision, this asset provides a family-friendly layouts great for long-term tenants. Each 4-plex can be
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total Bedrooms: 48Bathroom Information
Full Baths: 16 Half Baths: 16Water/Sewer
Water Source: Public Sewer: Public Sewer -
Room Information
Total Square Feet Living: 20880 Total Rooms: 0 -
Interior Features
Roof: Asphalt,Shingle Cooling Features: Central Air Heating Features: Central Laundry Features: In Unit
-
Building Information
Year Built: 1980 Roof: Asphalt,Shingle
-
Lot Information
Lot Features: City Lot,Oversized Lot -
Property Information
SQ ft: 20,880 Subdivision: Tall Timbers Source Listing Status: Active Directions: General De Gaulle to Woodland Drive to Tullis Drive Property Subtype: Commercial,Residential Building Exterior Type: Brick,Vinyl Siding,Wood Siding Foundation Details: Slab Property Age: 46 Property Condition: Very Good Condition Levels or Stories: Two
-
Listing Price Information
Original List Price: $1,540,000
-
Tax Information
Parcel Number: 5771
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 206 Fairfax Place, New Orleans, LA, 70131 | $259,000 | 3 | 2 | 1,610 | 1,610 SqFt |
| 12401 Willow Drive, New Orleans, LA, 70131 | $349,000 | 3 | 2 | 1,400 | 1,400 SqFt |
| 10639 Willow Drive, New Orleans, LA, 70131 | $299,000 | 4 | 2 | 1,560 | 1,560 SqFt |
| 14 Oak Hills Lane, New Orleans, LA, 70131 | $749,000 | 4 | 2 | 3,871 | 3,871 SqFt |
| 10100 Willow Drive, New Orleans, LA, 70131 | $309,000 | 3 | 3 | 2,434 | 2,434 SqFt |
| 80 English Turn Drive, New Orleans, LA, 70131 | $702,000 | 5 | 4 | 5,881 | 5,881 SqFt |
| 10001 Patterson Road, New Orleans, LA, 70131 | $885,000 | 7 | 6 | 8,624 | 8,624 SqFt |
| 89 English Turn Drive, New Orleans, LA, 70131 | $929,000 | 5 | 4 | 5,334 | 5,334 SqFt |
| 52 English Turn Drive, New Orleans, LA, 70131 | $920,000 | 6 | 3 | 4,992 | 4,992 SqFt |
| 48 English Turn Drive, New Orleans, LA, 70131 | $649,900 | 4 | 3 | 4,100 | 4,100 SqFt |
Similar Homes To 5771-5829 Tullis Drive
Nearby For Sale
Each Internet Data Exchange Participant will place, or cause to be placed, on his Internet Data Exchange web site on the opening page displaying copyright data of NOMAR, a button named “Terms and Conditions” (or such similar name) with the following information clearly displayed:
(i) "Copyright 2026 New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited."
(ii) Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS®, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.
(iii) The information being provided is for the consumer’s personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing. The user of this site is granted permission to copy a reasonable and limited number of copies to be used in satisfying the purposes identified in the preceding sentence.
(iv) By using this site, you signify your agreement with and acceptance of these terms and conditions. If you do not accept this policy, you may not use this site in any way. Your continued use of this site, and/or its affiliates’ sites, following the posting of changes to these terms will mean you accept those changes, regardless of whether you are provided with additional notice of such changes.
(v) In the event that Firm needs to make the IDX Data available to a third party Consultant, Firm agrees to require such third party to execute this Agreement and become a Consultant for the exclusive purpose of posting the data to Firms website. A user id and password(s) will be assigned for this purpose. Passwords cannot be shared. Neither a Participant nor Consultant may share a password with any party not authorized in this Agreement.
ByOwner last updated this listing 06/18/2026 @ 12:00
More Cities with for Sale by Owner Homes
- New Orleans Homes For Sale By Owner
- Gretna Homes For Sale By Owner
- Arabi Homes For Sale By Owner
- Westwego Homes For Sale By Owner
- Terrytown Homes For Sale By Owner
- Harvey Homes For Sale By Owner
- Metairie Homes For Sale By Owner
- Chalmette Homes For Sale By Owner
- Marrero Homes For Sale By Owner
- River Ridge Homes For Sale By Owner
- Harahan Homes For Sale By Owner
- Belle Chasse Homes For Sale By Owner
- Kenner Homes For Sale By Owner
- Meraux Homes For Sale By Owner
- Braithwaite Homes For Sale By Owner
- Violet Homes For Sale By Owner
- Saint Rose Homes For Sale By Owner
- Ama Homes For Sale By Owner
- Jean Lafitte Homes For Sale By Owner
- Lafitte Homes For Sale By Owner
Homes around $1,540,000
Verify Your Email
Please enter the 6-digit verification code
sent to your email address.