5779-85 Tullis Drive
New Orleans, LA 70131
4
Bed
1
Bath
5,220Sqft
This 4-unit multifamily property delivers strong in-place cash flow at $56,172 annual gross rent, with significant rent growth potential to $79,200+ annual gross rent. The property already meets DSCR loan thresholds and offers a clear path to strong returns once stabilized. This 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 3 units with term leases and 1 unit vacant. All units include in-unit laundry hookups, private yards, and off-street parking for two vehicles. 8 off-street parking spots available. Located in Tall Timbers subdivision, this asset provides a family-friendly layouts great for long-term tenants. With minimal deferred maintenance, and four separately deeded assets, investors gain both income
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 4Bathroom Information
Full Baths: 1 Half Baths: 1Water/Sewer
Water Source: Public Sewer: Public Sewer -
Room Information
Total Square Feet Living: 5220 Total Rooms: 0 -
Interior Features
Roof: Asphalt,Shingle Cooling Features: Central Air Heating Features: Central Laundry Features: In Unit
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Building Information
Year Built: 1980 Roof: Asphalt,Shingle
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Lot Information
Lot Features: Outside City Limits,Rectangular Lot -
Property Information
SQ ft: 5,220 Subdivision: Tall Timbers Source Listing Status: Active Directions: General De Gaulle to Woodland Drive to Tullis Drive Property Subtype: Quadruplex Building Exterior Type: Brick,Vinyl Siding,Wood Siding Foundation Details: Slab Property Age: 46 Property Condition: Very Good Condition Levels or Stories: Two
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Listing Price Information
Original List Price: $380,000
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Tax Information
Parcel Number: 5779
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6001 07 Tullis Drive, New Orleans, LA, 70131 | $429,900 | 12 | 8 | 5,020 | 5,020 SqFt |
| 5823 - 5829 Tullis Drive, New Orleans, LA, 70131 | $380,000 | 12 | 4 | 5,220 | 5,220 SqFt |
| 916 & 918 Teche Street, New Orleans, LA, 70131 | $790,000 | 7 | 5 | 2,860 | 2,860 SqFt |
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ByOwner last updated this listing 06/16/2026 @ 09:24
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