2714 Milan Street New Orleans, LA $ 700,000
2714 Milan Street
$ 700,000
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2714 Milan Street

New Orleans, LA, 70115
$ 700,000
Bedrooms9 Baths5.1 Sq 5,749

Monthly Estimate*

$ 4,835

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Multi-Family Home for sale in New Orleans, LA

for $700,000 with 9 bedrooms and 5 full baths, 1 half bath. This 5,749 square foot home was built in 1907 on a lot size of 0.14.

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.

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Multi-Family Active

Price

$ 700,000

Bedrooms

9

Full Bath

5

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Craftsman

Lot Size

0.14

Year Built

1907

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2559886

Features
General
Sewer Public Sewer
Heating Central Other
Cooling Central Air Window Unit(s)
Utilities Natural Gas Not Available
Architectural Style Craftsman
Construction Materials Cedar Wood Siding
Year Built 1907
Stories Count 3
Property Subtype Quadruplex
Parcel Number 614334213
County Orleans
New Construction N
Property Type Multifamily
HOA N
Attached Garage N
Garage Y/N N
Full Baths 5
Status Active
City New Orleans
Disclosures Property As Is
Senior Community Y/N N
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 6120.18
Carport Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.corelistingmachine.com/tour/titan/?id=9178825&version=unbranded&
Living Area Units Square Feet
Standard Status Active
Legal Description SQ 638 LOT 18 PT LOT 19 MILAN 51X120 2714-20 MILAN ST 4-PLEX FILE #81973 2/01 SEIZ TAX SALE REDEMPTION REC'VD
Year Built Effective 2024
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Fencing Other
Parking Features Off Street
Lot Features Other
Water Source Public
Lot Size Area 0.14
Foundation Details Raised
Spa N
Building Area Total 5749.0
Lot Dimensions 51-120
Lot Size Acres 0.14
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 1
Total Bedrooms 9
Total Baths 6
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Internal Only
Street Number 1 2714
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* Excluded Features
List By
Luke J Garris

Listing Agent

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$4,835
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Monthly Principal & Interest
$4,835
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5583192 Elementary School
5584917 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/10/2026$700,000 -2.08% Price Down
10/15/2026$714,900 -0.36% Price Down
10/13/2026$717,500 Listed Price

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2714 Milan Street, New Orleans, LA, 70115 is a Multi-Family Home for sale at $700,000 with 5,749 sqft and a lot size of 0.14. 2714 Milan Street has 9 bedrooms, 5.1 baths, and was built in 1907. The property's zip code is 70115 which is in New Orleans, LA