Investment Opportunity: 9-Home Rental Portfolio in Monroe & West Monroe, Louisiana Discover an exceptional opportunity to acquire a package of 9 single-family homes strategically located in Monroe and West Monroe. This portfolio is a rare find, offering a balanced mix of stable, long-term rental income and potential for value appreciation. Highlights: • Turnkey Income Stream: Most properties are rented to long-term tenants, providing consistent cash flow. • Prime Locations: Homes are situated in desirable neighborhoods across Monroe and West Monroe, appealing to tenants seeking convenience and quality of life. • Diverse Property Mix: Each property offers unique layouts, catering to a variety of tenant needs. • Growth Potential: Opportunities to increase rents or renovate for higher returns. • Strong Market: Monroe and West Monroe boast a robust rental market, supported by local industries, universities, and a growing population. This portfolio is ideal for investors seeking a scalable entry into real estate or those looking to expand an existing rental business. Don’t miss this chance to secure a high-performing asset in one of Louisiana’s most stable markets. Call today for financial details and to schedule a private consultation.
For sale
$399,000
204 Heard St, West Monroe, LA 71292
--beds
--baths
--sqft
Single Family Residence, Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 350 days |
- 32 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Dustin James,
Keller Williams Parishwide Partners
Source: NELAR,MLS#: 215448
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Facts & features
Interior
Heating
- Other
Cooling
- Central Air, Electric
Appliances
- Included: Other, Electric Water Heater
- Laundry: In Unit
Features
- Other
- Has fireplace: No
- Fireplace features: None
Property
Features
- Patio & porch: None
Details
- Parcel number: Multiple
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Single Family Residence, Multi Family
Materials
- Other
- Foundation: Other
- Roof: Other
Utilities & green energy
- Electric: Separate Meters, Electric Company: Other
- Gas: Other, Gas Company: Other
- Sewer: Public Sewer
- Water: Public, Electric Company: Other
Community & HOA
Community
- Subdivision: Other
Location
- Region: West Monroe
Financial & listing details
- Tax assessed value: $35,000
- Annual tax amount: $302
- Date on market: 7/9/2025
Estimated market value
Not available
Estimated sales range
Not available
$715/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2025 | Listed for sale | $399,000 |
Source: | ||
| 10/31/2025 | Listing removed | $399,000 |
Source: | ||
| 7/9/2025 | Listed for sale | $399,000 |
Source: | ||
| 5/28/2014 | Sold | -- |
Source: Public Record Report a problem | ||
| 5/2/2005 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $302 +5.7% | $3,500 |
| 2024 | $286 +0.5% | $3,500 |
| 2023 | $284 -0.8% | $3,500 |
| 2022 | $287 | $3,500 |
| 2021 | $287 +0% | $3,500 |
| 2020 | $287 +2.1% | $3,500 |
| 2019 | $281 +0% | $3,500 |
| 2018 | $281 | $3,500 |
| 2017 | $281 +0% | $3,500 |
| 2016 | $280 +0.4% | $3,500 |
| 2015 | $279 | $3,500 |
| 2014 | $279 +0.4% | $3,500 |
| 2013 | $278 -0.6% | $3,500 |
| 2012 | $280 -0.1% | $3,500 |
| 2011 | $280 +11.1% | $3,500 |
| 2010 | $252 | $3,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 71292
Nearby schools
GreatSchools rating
- 4/10Riverbend Elementary SchoolGrades: 1-5Distance: 0.5 mi
- 7/10West Monroe High SchoolGrades: 8-12Distance: 1.5 mi
- NACrosley Elementary SchoolGrades: PK-KDistance: 0.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Louisiana
- Ouachita Parish
- West Monroe
- 71292
- 204 Heard St






