2714 MILAN ST, New Orleans, LA 70115
2714 MILAN ST, New Orleans, LA 70115
2714 MILAN ST, New Orleans, LA 70115
2714 MILAN ST, New Orleans, LA 70115
2714 MILAN ST, New Orleans, LA 70115
2714 MILAN ST, New Orleans, LA 70115
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Richard W. Hébert

Richard W. Hébert

+1(504) 617-5184
Listed byUnited Real Estate Partners • Luke J Garris • 504-305-4930
$ 714,900
Est. payment | /mo

9 Beds

6 Baths

5,749 SqFt

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$ 714,900
Est. payment | /mo
Save Virtual Tour

9 Beds

6 Baths

5,749 SqFt

Key Details

Property Type Other Types

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,749 sqft

Price per Sqft $124

MLS Listing ID 2559886

Style Craftsman

Bedrooms 9

Full Baths 5

Half Baths 1

HOA Y/N No

Year Built 1907

Acres 0.14

Lot Dimensions 51-120

Property Sub-Type Quadruplex

Source ROAM MLS

Land Area 5749

Property Description

EXCELLENT RETURNS INVESTMENT OPPORTUNITY in the heart of New Orleans' highly desirable Freret Corridor. This renovated, fully occupied 4-plex is currently generating $6,700/month — $80,400 in annual gross rental income — representing approximately 11.15% GROSS YIELD before operating expenses.The property offers approximately 5,749 living sq ft across four units: (2) 2-bed/1-bath, (1) 2-bed/2-bath and (1) 3-bed/2-bath. All units are tenant occupied, with two currently month-to-month, providing immediate income with future flexibility.Originally built in 1907 and thoughtfully renovated, the property combines historic New Orleans character with modern functionality. Spacious layouts, high ceilings, attractive curb appeal and substantial updates provide an appealing combination of established income and reduced immediate renovation needs.LOCATION ADDS TO THE INVESTMENT STORY — just a few short blocks from Trader Joe's and the popular Freret St Corridor, with convenient access to Ochsner Baptist, universities, dining, shopping and entertainment.For experienced investors comparing opportunities across asset classes, 2714–20 Milan offers a compelling combination of IN-PLACE CASH FLOW, four income-producing units, a strong rental location and long-term appreciation potential. Additional opportunity may exist through future rent optimization. X flood zone; buyer to verify flood designation, insurance, expenses and all financial information.Financial information available upon request. Shown by appointment only for occupied units. Proof of funds or preapproval requested with offers. Some photos have been virtually staged.

Location

State LA

County Orleans

Area 0.14

Interior

Cooling Central Air, Window Unit(s)

Fireplace No

Exterior

Parking Features Off Street

Utilities Available Natural Gas Not Available

Garage No

Building

Lot Description Other

Foundation Raised

Water Public

Architectural Style Craftsman

New Construction No

Others

Tax ID 614334213

Virtual Tour https://www.corelistingmachine.com/tour/titan/?id=9178825&version=unbranded&

ROAM MLS

Nearby Locations

Richard W. Hébert

"Sharing New Orleans' story, one home at a time."

+1(504) 617-5184

richard@richardhebertrealtor.com

617 Julia St, New Orleans, LA 70130, USA

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2714 MILAN ST