8-Unit Multifamily Investment with In-Place Income

Each fourplex totals 5,220 sf, consisting of four 3BR/1.5BA units averaging 1,305 sf each.

All units include in-unit laundry, private yards, and off-street parking for two vehicles. Located in the stable, high-demand Algiers submarket, this asset provides family-friendly layouts ideal for long-term tenants.

This 8-unit multifamily portfolio delivers strong in-place cash flow with significant rent growth potential through HANO-supported rents. The property already meets DSCR loan thresholds and offers a clear path to double-digit returns once stabilized.

With minimal deferred maintenance, and two separately deeded assets, investors gain both income stability and exit flexibility in one of New Orleans’ most resilient rental markets.

• Each building can be purchased individual or in combination or all together
• All unit address 5779-5785 and 5823-5829 Tullis Drive, New Orleans, LA 70131
• Two income-producing fourplexes
• Four 5,220-sf buildings with 8 apartments total; each apartment is 1,305 sf
• $380,000/per building