2714 MILAN ST New Orleans, LA 70115
9 Beds
5.5 Baths
5,749 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,749 sqft
Price per Sqft $133
MLS Listing ID 2559886
Style Craftsman
Bedrooms 9
Full Baths 5
Half Baths 1
Construction Status Very Good Condition
HOA Y/N No
Year Built 1907
Lot Size 6,120 Sqft
Acres 0.1405
Property Sub-Type Quadruplex
Property Description
The property features four well-designed units totaling approximately 5,749 living square feet, with a current rental income of nearly $7,000/month and additional upside through lease optimization or owner occupancy. All units are tenant occupied, with two in month-to-month agreements, if the need is for owner occupancy.
Originally built in 1907 and thoughtfully renovated, the property retains the charm and structural character today's renters love, while offering the peace of mind of substantial updates and improvements. Spacious layouts, high ceilings, attractive curb appeal, and the walkable Freret location continue to drive strong tenant interest in today's market.
Investors seeking stabilized multifamily income in a high-demand area
Owner-occupants looking to offset living expenses
Mid-term or traveling medical professional rental strategies
Buyers wanting a low-vacancy location and can walk to hospitals, universities, dining, and entertainment
Fully renovated 4-plex
Strong in-place rental income
Opportunity for increased rents / value-add potential
Blocks from Ochsner Baptist
Desirable Freret neighborhood location
Historic charm with modern functionality
Independent tenant-paid appliances
X flood zone appeal may help with insurance considerations (buyer to verify)
Whether you are expanding your portfolio or looking for a strategic owner-occupied investment, this property checks the boxes for today's New Orleans multifamily market.
Shown by appointment only for occupied units. Include Proof of funds or preapproval with offers.
Some photos have been vritually staged.
Location
State LA
County Orleans
Interior
Heating Central, Window Unit
Cooling Central Air, Window Unit(s)
Fireplace No
Exterior
Exterior Feature Fence, Porch
Parking Features Off Street
Water Access Desc Public
Roof Type Asphalt,Shingle
Porch Porch
Building
Lot Description City Lot, Rectangular Lot
Entry Level Three Or More
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories Three Or More
Construction Status Very Good Condition
Others
Tax ID 614334213
Special Listing Condition None
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