Income-producing triplex located at 61 W Elmwood Dr in Monroe! This property features three rental units with a strong rental history and approximately $2,000 in monthly gross income. Unit A offers 2 bedrooms and 1 bath currently rented for $650/month with lease in place through 4/30/2026 . Unit B includes 2 bedrooms and 1.5 baths rented for $650/month (month-to-month). Unit C offers 2 bedrooms and 2 baths, has been recently updated and rented for $700/month (month-to-month). Property is serviced by public utilities and offers a great opportunity for investors looking to expand their rental portfolio or add steady cash flow. All information deemed reliable but not guaranteed. Buyer’s agent to verify.
Pending
Price cut: $5K (6/26)
$165,000
61 W Elmwood Dr, Monroe, LA 71203
6beds
--baths
--sqft
:
Get pre-qualified$1,118/mo
Triplex, Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 138 days |
- 158 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Dawn Bailey,
Coldwell Banker Group One Realty
Source: NELAR,MLS#: 218492
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Refrigerator, Electric Range, Electric Water Heater
- Laundry: In Unit, Washer/Dryer Connect
Features
- Ceiling Fan(s)
- Has fireplace: Yes
- Fireplace features: Living Room
Property
Parking
- Parking features: Hard Surface Drive
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch Covered
Lot
- Size: 0.33 Acres
Details
- Parcel number: 7296
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Brick Veneer, Vinyl Siding
- Foundation: Slab
- Roof: Asphalt Shingle
Condition
- Year built: 1980
Utilities & green energy
- Electric: Separate Meters, Electric Company: Entergy
- Gas: Other, Gas Company: Other
- Sewer: Public Sewer
- Water: Public, Electric Company: Town & Country
Community & HOA
Community
- Subdivision: Town & Country
Location
- Region: Monroe
Financial & listing details
- Date on market: 3/13/2026
- Total actual rent: 2000
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,594/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/20/2026 | Pending sale | $165,000 |
Source:  NELAR #218492 Report a problem | ||
| 6/26/2026 | Price change | $165,000-2.9% |
Source: NELAR #218492 Report a problem | ||
| 5/4/2026 | Price change | $170,000-5.6% |
Source: NELAR #218492 Report a problem | ||
| 3/13/2026 | Listed for sale | $180,000 |
Source: NELAR #218492 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 71203
Nearby schools
GreatSchools rating
- 6/10Jack Hayes Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 3/10Ouachita Junior High SchoolGrades: 6-8Distance: 2.8 mi
- 6/10Ouachita Parish High SchoolGrades: 8-12Distance: 6 mi
- $121,4156 bd3 ba3k sqft61 W Elmwood Dr #A, Monroe, LA 71203Off Market
- $153,5002 bd2 ba-- sqft61 W Elmwood Dr #C, Monroe, LA 71203Off Market
- $113,2682 bd1 ba6.8k sqft63 W Elmwood Dr #A-B, Monroe, LA 71203Off Market
- $163,0003 bd2 ba-- sqft63 W Elmwood Dr UNIT B, Monroe, LA 71203Off Market
- $163,0003 bd2 ba-- sqft63 W Elmwood Dr UNIT A, Monroe, LA 71203Off Market
- $144,5003 bd2 ba1.4k sqft63 W Elmwood Dr UNIT C, Monroe, LA 71203Off Market
- $96,0002 bd1 ba1.1k sqft59 W Elmwood Dr UNIT A, Monroe, LA 71203Off Market
- $105,9002 bd3 ba1.3k sqft59 W Elmwood Dr UNIT C, Monroe, LA 71203Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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