Coldwell Banker Home Page

Local Realty Service Provided By: Coldwell Banker Key Realty

Property view
Listing view 2
Listing view 3

5793-99 Tullis Drive, 
New Orleans, LA 70131

$385,000


12

Beds


8

Baths


5,220

Sq Ft


Multi-Family

Pending

Listed by

Lawless Turner

Corporate Realty Leasing Company

504-581-5005

Last updated:

October 7, 2026, 09:03 AM

MLS#

2531099

Source:

LA GSREIN

About This Home

5793-99 Tullis Drive

This 4-unit multifamily property delivers strong in-place cash flow at $27,744 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 2 units with term leases and 2 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.

Home Facts

Multi-Family

8 Baths

12 Bedrooms

Built in 1980

Subdivision & Development:

Tall Timbers

Price Summary

385,000

$73 per Sq. Ft.

MLS #:

2531099

Last Updated:

October 7, 2026, 09:03 AM

Added:

a year ago


Rooms & Interior

Bedrooms

Total Bedrooms:

12

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

4

Interior

Living Area:

5,220 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

5,220 Sq. Ft.

Year Built:

1980


Finances & Disclosures

Finances

Price:

$385,000

Price per Sq. Ft:

$73 per Sq. Ft.

Source:LA GSREIN
The information being provided by Gulf South Real Estate Information Network, Inc is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Gulf South Real Estate Information Network, Inc All rights reserved.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, 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 Coldwell Banker 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 (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.

Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, 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 Coldwell Banker 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 (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.