1920 & 1924 Monroe St, Alexandria, LA, 71301
About This Home
Excellent income-producing opportunity featuring a total of 6 rental units across two adjacent properties. 1920 Monroe Street is a large white duplex consisting of: Unit A: 2 bedroom, 2 bath – currently rented for $675/month Unit B: 2 bedroom, 2 bath – currently rented for $875/month New roof Unit A features a new central HVAC system 1924 Monroe Street consists of a brick triplex with: Units A, B, and C: all 2 bedroom, 1 bath units Long-term residents in place New roof HVAC units are relatively new Also included is 1924 ½ Monroe Street, a separate house located behind the triplex, featuring a newly remodeled interior. Residents are responsible for all utilities. This multi-unit package offers a strong mix of established tenancy, recent capital improvements, including new roofs and updated HVAC systems, and additional upside with the remodeled rear house. A solid investment opportunity for investors seeking immediate rental income and long-term stability.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Very Good Condition
- Year built: 1942
Materials
- Foundation: Raised,Slab
- Roof: Shingle
- Construction materials: Brick,Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 8
- Full bathrooms: 8
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total interior livable area: 2,061 sqft
Property
Details
- Parcel number: 1010284100
- Special condition: None
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 0.29 Acres
- Features: City Lot,Rectangular Lot
- Lot size dimensions: 75 x 160 & 76 x 159
Parking
- Total spaces: 3
- Parking features: Three or more Spaces
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
- Cold Wave
- Lightning
- Hurricane
- Heat Wave
- Ice Storm
- Strong Wind
- Winter Weather
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 | $1,390 | $16,680 |
| Home Insurance * | $424 | $5,088 |
| Property Taxes | $109 | $1,308 |
| Electricity | $155 | $1,869 |
| Total | $2,078 | $24,936 |
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 |
|---|---|---|
| 2026-06-24 | Listed for sale | $275,000 |
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