$450,000

5773 - 77 71 Tullis Dr New Orleans, LA 70131

Tall Timbers Neighborhood

Estimated payment $2,822/month

12 Beds
8 Baths
5,220 Sq Ft
$86 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Oversized Lot
  • Property is in very good condition
  • Belle Chasse Middle School Rated A-
  • Central Heating and Cooling System
  • Wood Siding

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 seller financing options available, 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.

Listing Agent

LAWLESS TURNER

Corporate Realty Leasing Company License #NOM:995698200 Listed on: 11/14/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • Lot Dimensions are 60x136
  • Oversized Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 5,220 Sq Ft Home
  • Property has 1 Level
  • Laundry in unit

Parking

  • 3 Parking Spaces
  • Driveway
  • Off-Street Parking

Location

  • Outside City Limits

Utilities

  • Central Heating and Cooling System
  • Natural Gas Not Available
  • Internet Available

Community Details

  • 4 Units
  • Tall Timbers Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5771

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: 4 Plex
  • Style: Traditional
  • Condition: Vrgd
  • ADA Features: No
  • Legal Description: TALL TIMBERS SQ 203 LOT 10 60 X 130 5771 TULLIS DR
  • Lp Amt Sq Ft: 86.21
  • Measurmnt Apprx Not Guaranteed: Yes
  • Building Stories: 2.00000
  • Unit Level: 1
  • AddressLine: Tullis DR, NEWORLEANS LA 70131
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Estimated Living Area: 5220
  • Total Sq Ft: 5220

Exterior Features

  • Pool Type: None
  • Exterior: Brick, Vinyl Siding, Wood Siding
  • Foundation: Slab
  • Roof Type: Shingle

Garage/Parking

  • Car Storage: Three or More, Driveway Only, Off Street Parking
  • Internet: Yes

Utilities

  • Air Conditioner: Central
  • Electricity Provided By: Entergy
  • Gas Paid By: Tenant
  • Gas Type: None
  • Heating: Central
  • Meter Set Up: Separate
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: No

Lot Info

  • Elevation Certificate: No
  • Lot Description: Oversized
  • Lot Size: 60x136
  • Parcel #: 5771

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

  • Electricity Paid By: Tenant
  • Lease Purchase Poss: No
  • Water Paid By: Tenant

Building Info

  • Year Built: 1980

Multi Family

  • Total Units: 4
  • Unit Count: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2025 11/14/25 For Sale $450,000 -- $86 / Sq Ft
Source: Gulf South Real Estate Information Network

Source: Gulf South Real Estate Information Network

MLS Number: 2531087

Gulf South Real Estate Information Network
Louisiana Orleans Parish New Orleans 70131 Tall Timbers

5773 - 77 71 Tullis Dr, New Orleans, LA

For Sale

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Listing Agent
LAWLESS TURNER
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Corporate Realty Leasing Company
(504) 910-7169