5773 - 77 71 Tullis Drive, New Orleans, LA 70131
Local realty services provided by:ERA Sarver Real Estate
5773 - 77 71 Tullis Drive,New Orleans, LA 70131
$385,000
- 12 Beds
- 8 Baths
- 5,220 sq. ft.
- Multi-family
- Pending
Listed by: lawless turner
Office: corporate realty leasing company
MLS#:2531087
Source:LA_GSREIN
Price summary
- Price:$385,000
- Price per sq. ft.:$73.75
About this home
This 4-unit multifamily property delivers strong in-place cash flow at $51,444 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 stability and exit flexibility in one of New Orleans’ most resilient rental markets.
Contact an agent
Home facts
- Year built:1980
- Listing ID #:2531087
- Added:141 day(s) ago
- Updated:April 05, 2026 at 07:59 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:8
- Full bathrooms:4
- Half bathrooms:4
- Living area:5,220 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Heating
Structure and exterior
- Roof:Shingle
- Year built:1980
- Building area:5,220 sq. ft.
- Lot Features:City Lot, Oversized Lot
- Architectural Style:Traditional
- Construction Materials:Brick, Vinyl Siding, Wood Siding
- Foundation Description:Slab
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$385,000
- Price per sq. ft.:$73.75
Parking
- Parking description:Driveway, Off Street, Three or more Spaces
New listings near 5773 - 77 71 Tullis Drive
- New
$249,000Active1 beds 1 baths611 sq. ft.5607 Prytania Street #K, New Orleans, LA 70115
MLS# 2550633Listed by: REVE, REALTORS - New
$149,000Active3 beds 2 baths1,001 sq. ft.3461 Catalina Drive, New Orleans, LA 70114
MLS# 2550750Listed by: BERKSHIRE HATHAWAY HOMESERVICES PREFERRED, REALTOR - New
$395,000Active3 beds 2 baths1,282 sq. ft.7452 Hurst Street, New Orleans, LA 70118
MLS# 2551033Listed by: KELLER WILLIAMS REALTY 455-0100 - New
$385,000Active4 beds 2 baths1,996 sq. ft.2625 27 Calhoun Street, New Orleans, LA 70118
MLS# 2551300Listed by: HOMESMART REALTY SOUTH - New
$379,900Active4 beds 4 baths1,582 sq. ft.720 Soraparu Street, New Orleans, LA 70130
MLS# 2551254Listed by: NOLA LIVING REALTY - New
$160,000Active3 beds 2 baths1,035 sq. ft.2413 New Orleans Street, New Orleans, LA 70119
MLS# 2551285Listed by: FRERET REALTY - New
$449,000Active3 beds 2 baths1,550 sq. ft.25314 Chef Menteur Highway, New Orleans, LA 70129
MLS# 2551132Listed by: KELLER WILLIAMS REALTY 455-0100 - Open Wed, 11:30am to 1:30pmNew
$1,250,000Active5 beds 5 baths4,937 sq. ft.1717 Oriole Street, New Orleans, LA 70122
MLS# 2551231Listed by: COMPASS METRO (LATT01) - New
$159,000Active3 beds 1 baths910 sq. ft.713 River Oaks Drive, New Orleans, LA 70131
MLS# 2551261Listed by: REVE, REALTORS - New
$320,000Active1 beds 1 baths726 sq. ft.1905 Royal Street #1905, New Orleans, LA 70116
MLS# 2551143Listed by: REVE, REALTORS
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2023 - 2026 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.