5779 Tullis Dr New Orleans, LA 70131
Tall Timbers NeighborhoodEstimated payment $2,746/month
Highlights
- Traditional Architecture
- Central Heating and Cooling System
- Wood Siding
- Belle Chasse Middle School Rated A-
- Property is in very good condition
About This Home
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 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
Corporate Realty Leasing Company License #NOM:995698200 Listed on: 11/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,483
Year Built
- Built in 1980
Lot Details
- Lot Dimensions are 60x136
- 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
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 5779
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,483 | $33,960 | $3,120 | $30,840 |
| 2024 | $4,551 | $33,960 | $3,120 | $30,840 |
| 2023 | $4,369 | $32,260 | $3,120 | $29,140 |
| 2022 | $4,369 | $30,810 | $3,120 | $27,690 |
| 2021 | $4,679 | $32,260 | $3,120 | $29,140 |
| 2020 | $2,412 | $16,470 | $3,120 | $13,350 |
| 2019 | $2,248 | $14,850 | $1,500 | $13,350 |
| 2018 | $2,292 | $14,850 | $1,500 | $13,350 |
| 2017 | $2,189 | $14,850 | $1,500 | $13,350 |
| 2016 | $2,477 | $17,000 | $1,560 | $15,440 |
| 2015 | $2,543 | $17,000 | $1,560 | $15,440 |
| 2014 | -- | $17,000 | $1,560 | $15,440 |
| 2013 | -- | $14,560 | $1,560 | $13,000 |
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
MLS Number: 2531095
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