314 Tennessee St #5, Monroe, LA, 71203
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 looking to expand their portfolio with a stabilized property priced to sell. Owner/Agent
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Foundation: Slab
- Roof: Asphalt Shingle
- Construction materials: Masonite
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex,Multi Family
Interior
Appliances
- Appliances included: Refrigerator,Electric Range,Gas Water Heater
- Laundry features: None
Bedrooms & Bathrooms
- Bedrooms: 6
Features
- Ceiling Fan(s)
- Fireplace features: None
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 2,250
- Total interior livable area: 2,250 sqft
Property
Details
- Parcel number: 74538
Features
- Patio & porch: Porch Open
Parking
- Parking features: Gravel
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Ice Storm
- Tornado
- Hail
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Louisiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,259 | $15,108 |
| Home Insurance * | $257 | $3,084 |
| Property Taxes | $107 | $1,284 |
| Electricity | $170 | $2,041 |
| Total | $1,793 | $21,516 |
Income You'd Need if You Spent...
Louisiana FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-12 | Price change | $249,000 |
| 2026-03-06 | Listed for sale | $255,000 |
View on Zillow