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Explore Similar Townhomes Within 10 Miles of University Area, LA

  • /21

    $3,300,000

    • 3 Beds
    • 3 Baths
    • 1,540 Sq Ft

    125 Perris Place Dr, West Monroe, LA 71292

    This is a great time to add to your portfolio...13 Townhomes built in 2021 & 2023 located in the back of Westlakes Subdivision in West Monroe. All units are 100% occupied & rent for $1750 each. All units are identical in layout & size @ 1540 hsf. There are 3 bedrooms, 2.5 baths, 1 car garage, small fenced backyard, stained concrete floors downstairs; carpet upstairs. The kitchen has an island,

    Tracy Fordham BetterHomes&GardensVeranda

    125 Perris Place Dr, West Monroe, LA 71292
  • /8

    $160,000

    • 2 Beds
    • 1 Bath

    112 Willow Branch Dr, West Monroe, LA 71291

    Investment property- fully furnished and long term lease in place . Cap rate - 9.81% Cash flow annually - $3323.53 Cash on cash 9.03% Current rent 2k per month. No showings without contract.

    Keith Fortenberry BetterHomes&GardensVeranda

    112 Willow Branch Dr, West Monroe, LA 71291
  • /15

    $135,000

    • 2 Beds
    • 3 Baths
    • 1,450 Sq Ft

    1510 Shannon St, Monroe, LA 71201

    Looking to expand your portfolio with a property that practically manages itself? This updated end-unit townhome in Monroe is turnkey and tenant-ready. Recently refreshed with interior paint, new bedroom carpet, and a brand-new refrigerator, this 2-bedroom, 2.5-bath unit previously leased for $1,200/month. Tenants love the layout—each bedroom has its own full bathroom and double closets, plus a

    Ashley Hubenthal John Rea Realty

    1510 Shannon St, Monroe, LA 71201

Why Live in University Area

The University Area in Monroe, LA, is a vibrant neighborhood primarily inhabited by students from the University of Louisiana Monroe. This area offers a convenient lifestyle with numerous restaurants and shops within walking distance, making it ideal for college students. Over the past two decades, the neighborhood has seen an influx of investors purchasing older homes to rent out, although some properties lack modern refurbishments. Homeowners, including university employees, are gradually returning, drawn by the waterfront living along Bayou Desiard. Dining options are plentiful, with local favorites like Catahoula’s and Waterfront Grill offering American and Cajun cuisine, while Athena’s serves Greek and Lebanese dishes. Bayou Park on the ULM campus hosts concerts and events, and the bayou itself is popular for fishing, kayaking, and water skiing. The neighborhood also features Bayou Desiard Country Club, a private club with golf, tennis, and pickleball facilities. Students in the area attend highly rated Neville Junior High School and Neville High School, both known for their strong academic and extracurricular programs. The Monroe Transit System provides easy access to other parts of the city, and essential services like St. Francis Medical Center and Monroe Regional Airport are within a few miles. Housing styles include modest single-story homes from the 1940s and 1950s, with prices varying based on proximity to the bayou.

Home Trends in University Area, LA

Housing Trends

Median Sale Price
$285,000
Median Single Family Sale Price
$285,000
Average Price Per Sq Ft
$204
Number of Homes for Sale
0
Last 12 months Home Sales
25
Months of Supply
0.00
Median List Price
$289,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-11%
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