Pending

Price cut: $5K (5/29)

$380,000

5779-85 Tullis Dr, New Orleans, LA 70131

12beds

5,220sqft

$2,521/mo

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Quadruplex, Multi Family, Multi Family

Built in 1980

-- sqft lot

$-- Zestimate^®

$73/sqft

$-- HOA

What's special

Private yardsIn-unit laundry hookupsFamily-friendly layouts

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 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.

267 days

15

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 8
Full bathrooms: 1
1/2 bathrooms: 1

Heating

Central

Cooling

Central Air

Appliances

Laundry: In Unit

Interior area

Total interior livable area: 5,220 sqft

Property

Parking

Total spaces: 3
Parking features: Driveway, Off Street, Three or more Spaces
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2

Lot

Size: 8,160 Square Feet
Dimensions: 60 x 136
Features: Outside City Limits, Rectangular Lot

Details

Parcel number: 5779
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Quadruplex, Multi Family, Multi Family

Materials

Brick, Vinyl Siding, Wood Siding
Foundation: Slab
Roof: Asphalt,Shingle

Condition

Very Good Condition
Year built: 1980

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Tall Timbers

Location

Region: New Orleans

Financial & listing details

Price per square foot: $73/sqft
Date on market: 11/14/2025
Tenant pays: Electricity, Gas, Water

Estimated market value

Not available

Estimated sales range

Not available

$1,548/mo

Price history

Date	Event	Price
6/19/2026	Pending sale	$380,000$73/sqft
Source: GSREIN #2531095 Report a problem
5/29/2026	Price change	$380,000-1.3%$73/sqft
Source: GSREIN #2531095 Report a problem
4/1/2026	Price change	$385,000-3.8%$74/sqft
Source: GSREIN #2531095 Report a problem
2/26/2026	Price change	$400,000-11.1%$77/sqft
Source: GSREIN #2531095 Report a problem
11/14/2025	Listed for sale	$450,000$86/sqft
Source: GSREIN #2531095 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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