Introducing an exceptional opportunity for multifamily investors in the Monroe area. This impressive property spans 6,700 square feet and comprises 4 units, offering spacious, modern living spaces for residents. With three of the four units recently renovated in the past three years, the property showcases a contemporary and well-maintained aesthetic. The property also had a new roof in 2021 and three new A/C units installed. The owner pays water $300 month and trash $70 month and grosses $3,625 a month at 100% occupancy. With a prime location in Monroe, LA, this investment presents an attractive proposition for those seeking a multifamily property with substantial potential for long-term value and positive returns. Embrace the opportunity to invest in a property that combines timeless charm with modern comfort and convenience. *Property can be shown with an accepted contract. Please do not disturb the tenants.
Sold
Price Unknown
60 W Elmwood Dr, Monroe, LA 71203
10beds
--baths
--sqft
Quadruplex, Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$1,713 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,713/mo
Zestimate® history
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Spacious modern living spaces
Zillow last checked:
Listing updated:
Listed by:
Louis Luffey,
Faulk & Foster Real Estate Services
Bought with:
Dustin James
Keller Williams Parishwide Partners
Source: NELAR,MLS#: 211297
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
Heating
- Electric, Central
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Refrigerator, Electric Range, Range Hood, Electric Water Heater
- Laundry: In Unit, Washer/Dryer Connect
Features
- Ceiling Fan(s), Walk-In Closet(s)
- Has fireplace: Yes
- Fireplace features: Living Room
Property
Parking
- Parking features: Hard Surface Drive
- Has uncovered spaces: Yes
Features
- Patio & porch: Open Patio, Enclosed Patio
Lot
- Size: 0.29 Acres
Details
- Additional structures: Storage
- Parcel number: 5374
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick Veneer, Other
- Foundation: Slab
- Roof: Architectural Style,Asphalt Shingle
Utilities & green energy
- Electric: Separate Meters, Electric Company: Entergy
- Gas: None, Gas Company: None
- Sewer: Public Sewer
- Water: Public, Electric Company: Town & Country
- Utilities for property: Natural Gas Not Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Town & Country
Location
- Region: Monroe
Financial & listing details
- Tax assessed value: $105,379
- Annual tax amount: $1,495
- Date on market: 9/19/2025
- Total actual rent: 3625
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2025 | Sold | -- |
Source:  NELAR #211297 Report a problem | ||
| 3/31/2025 | Pending sale | $275,000 |
Source: NELAR #211297 Report a problem | ||
| 2/11/2025 | Price change | $275,000-8.3% |
Source: NELAR #211297 Report a problem | ||
| 11/9/2024 | Price change | $299,900-3.3% |
Source: NELAR #211297 Report a problem | ||
| 10/2/2024 | Listed for sale | $310,000 |
Source: NELAR #211297 Report a problem | ||
| 9/25/2024 | Pending sale | $310,000 |
Source: NELAR #211297 Report a problem | ||
| 8/15/2024 | Listed for sale | $310,000+51.2% |
Source: NELAR #211297 Report a problem | ||
| 5/24/2021 | Sold | -- |
Source: Public Record Report a problem | ||
| 5/1/2020 | Listing removed | $700 |
Source: The Rental Association, LLC Report a problem | ||
| 3/31/2020 | Listed for rent | $700 |
Source: The Rental Association, LLC Report a problem | ||
| 12/13/2019 | Listing removed | $205,000 |
Source: RE/MAX Premier Realty #187788 Report a problem | ||
| 10/5/2019 | Listed for sale | $205,000 |
Source: RE/MAX Premier Realty #187788 Report a problem | ||
| 9/12/2019 | Pending sale | $205,000 |
Source: RE/MAX Premier Realty #187788 Report a problem | ||
| 4/24/2019 | Listed for sale | $205,000 |
Source: RE/MAX Premier Realty #187788 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,495 -0.7% | $10,538 |
| 2024 | $1,506 +0.9% | $10,538 |
| 2023 | $1,492 +0.7% | $10,538 |
| 2022 | $1,482 +4.4% | $10,538 +5.4% |
| 2021 | $1,419 -16.6% | $10,000 |
| 2020 | $1,701 +21.5% | $10,000 |
| 2019 | $1,400 -75.5% | $10,000 |
| 2018 | $5,709 | $10,000 |
| 2017 | $5,709 -4.4% | $10,000 |
| 2016 | $5,972 +346.5% | $10,000 |
| 2015 | $1,338 | $10,000 |
| 2014 | $1,338 +0.2% | $10,000 |
| 2013 | $1,334 +2.7% | $10,000 |
| 2012 | $1,300 -0.1% | $10,000 |
| 2011 | $1,301 -0.5% | $10,000 |
| 2010 | $1,307 | $10,000 |
Find assessor info on the county website
Neighborhood: 71203
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Nearby schools
GreatSchools rating
- 6/10Jack Hayes Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Ouachita Junior High SchoolGrades: 6-8Distance: 2.9 mi
- 6/10Ouachita Parish High SchoolGrades: 8-12Distance: 6 mi
- Louisiana
- Ouachita Parish
- Monroe
- 71203
- 60 W Elmwood Dr
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