314 Tennessee Street #5, Monroe, LA 71203

Monroe
Local realty services provided by:Better Homes and Gardens Real Estate Veranda Realty
314 Tennessee Street #5,Monroe, LA 71203
$245,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: scott leo
Office: cypress state realty
MLS#:218353
Source:LA_NEBOR

Price summary

  • Price:$245,000

About this home

Excellent income-producing property featuring a fourplex plus an additional mobile home on a separate lot, creating a total of five rental units. The fourplex rents for $600 per unit and the mobile home rents for $675 per month, generating approximately $3,075 in total monthly income ($36,900 annually). This property has historically maintained strong occupancy and has been a reliable investment. Each unit has separate electric meters, and the landlord pays the water bill, which has remained minimal. The building also features a convenient master key lock system for easy management. Two units are currently furnished and rented to Meta employees, offering potential for furnished rentals if desired. Furniture is not included in the sale. Located just minutes from ULM and near the Monroe city limits, this property offers a strong rental location with value-add potential through cosmetic improvements that could increase rents and overall returns. A great opportunity for investors...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Subdivision & Development:LAKESHORE
  • Listing ID #:218353
  • Added:183 day(s) ago
  • Updated:September 06, 2026 at 03:40 PM

Rooms and interior

  • Kitchen Description:Electric Range/Oven, Refrigerator

Heating and cooling

  • Cooling:Wall/Window Unit
  • Heating:Wall Heater

Structure and exterior

  • Roof:Asphalt Shingle
  • Construction Materials:Masonite
  • Exterior Features:Porch Open
  • Foundation Description:Slab

Schools

  • High school:OUACHITA O
  • Elementary school:LAKESHORE O

Utilities

  • Water:Public
  • Sewer:Public

Finances and disclosures

  • Price:$245,000

Features and amenities

  • Amenities:Ceiling Fan(S), Gravel Drive, Natural Gas Water Heater

New listings near 314 Tennessee Street #5