314 Tennessee Street #5
Monroe, LA 71203
6
Bed
0
Bath
Excellent income-producing property featuring a fourplex plus an additional mobile home on a separate lot, creating a total of five rental units. The fourplex rents for $600 per unit and the mobile home rents for $675 per month, generating approximately $3,075 in total monthly income ($36,900 annually). This property has historically maintained strong occupancy and has been a reliable investment. Each unit has separate electric meters, and the landlord pays the water bill, which has remained minimal. The building also features a convenient master key lock system for easy management. Two units are currently furnished and rented to Meta employees, offering potential for furnished rentals if desired. Furniture is not included in the sale. Located just minutes from ULM and near the Monroe c
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6 -
Roofing Information
Asphalt -
Interior Features
Ceiling Fan(s) Roof: Asphalt Appliances: Refrigerator, Electric Range, Gas Water Heater Laundry Features: None -
Heating & Cooling
Has Heating: Yes Heating: Wall Furnace Has Cooling: Yes Cooling: Ceiling Fan(s), Wall/Window Unit(s)
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Building Information
Building Area Total: 2250 Construction Materials: Masonite Private Pool: No
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Property Information
Subdivision: LAKESHORE Source Property Type: Residential Income Property SubType: Quadruplex
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Listing Price Information
Listing Price: $249000
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Tax Information
Parcel Number: 74538 Tax Legal Desc: Sq. 30 ft, Lot 12 & Lot 13 & N 20 Ft, Lot 14Sq. 10
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Parking Information
Gravel
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School Information
Elementary School: LAKESHORE OJunior High School:Senior High School: OUACHITA O -
Utility Information
Natural Gas Available, Natural Gas Connected -
Location Information
Direction: Desiard Street past ULM, left onto Tennessee and the property is on the right WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 303 Woodale Drive, Monroe, LA, 71203 | $235,000 | 8 | -- | -- | |
| 61 W Elmwood Drive, Monroe, LA, 71203 | $170,000 | 6 | -- | -- | |
| 1411 Griffin Street, Monroe, LA, 71203 | $179,000 | 8 | -- | -- | |
| 1202 N Mcguire Avenue, Monroe, LA, 71203 | $145,000 | 4 | -- | -- |
Similar Multifamily To 314 Tennessee Street #5
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ByOwner last updated this listing 06/14/2026 @ 09:04
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