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Back 5773 Tullis Drive
Off Market

5773 Tullis Drive

New Orleans LA 70131

12
4
3
5220 sq. ft.
Duplex
LAWLESS TURNERLAWLESS TURNER, last sold this property on 18 June 2026 after 215 days on market.

Overview

This 4-unit multifamily property delivers strong in-place cash flow at $51,444 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 3 units with term leases and 1 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.

Features

12 bedrooms
4 bathrooms
3 carspaces
5220 sq. ft. floor area
Duplex

Estimated Value

We need at least 3 similar 12 bedroom duplexes sold in New Orleans over the last 12 months.

Property history for 5773 Tullis Drive

2026
Sold
Undisclosed
18 Jun 2026 by LAWLESS TURNER, of Corporate Realty Realty Leasing Company, Inc.

Happy sellers in New Orleans

57%
57% of sellers in New Orleans reported that their sale price either exceeded or met their price expectations.

New Orleans stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in New Orleans over the last 12 months.

Local market activity for 12 bedroom duplexes in New Orleans

Nearby agents

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LESLIE HEINDEL

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  •   5   (156 reviews)
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Kim Silva

Sellers who recommend Kim Silva have praised them for being local expert, responsive, clear communication, dedicated, hard-working, attentive, and friendly

  •   5   (47 reviews)
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Heather Shields

Sellers who recommend Heather Shields have praised them for being local expert, responsive, clear communication, supportive, patient, empathetic, and friendly

  •   5   (60 reviews)
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STEPHANIE HENNE

STEPHANIE HENNE is a recommended agent for New Orleans.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (13 reviews)
  •  1 Review in New Orleans
  •  2 Sales in New Orleans
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