2714 Milan Street, New Orleans, LA 70115
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
Listed by: luke garris
Office: united real estate partners llc.
MLS#:2559886
Source:LA_CLBOR
Price summary
- Price:$717,500
- Price per sq. ft.:$124.8
About this home
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 at the $717500 asking price 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....
Contact an agent
Home facts
- Year built:1907
- Listing ID #:2559886
- Added:136 day(s) ago
- Updated:October 10, 2026 at 03:32 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:6
- Full bathrooms:5
- Half bathrooms:1
- Living area:5,749 sq. ft.
Heating and cooling
- Cooling:Central Air, Window Unit(s)
- Heating:Central, Heating, Window Unit
Structure and exterior
- Roof:Asphalt, Shingle
- Year built:1907
- Building area:5,749 sq. ft.
- Lot area:0.14 Acres
- Architectural Style:Craftsman
- Construction Materials:Cedar, Wood Siding
- Exterior Features:Fence, Porch
- Foundation Description:Raised
- Levels:3+ Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$717,500
- Price per sq. ft.:$124.8
Parking
- Parking description:Off Street
New listings near 2714 Milan Street
- Coming Soon
$195,000Coming Soon3 beds 2 baths1,354 sq. ft.3427 Timber Ridge Court, New Orleans, LA 70131
MLS# 2577872Listed by: INNOVATION REALTY - Coming Soon
$739,900Coming Soon1 beds 1 baths1,142 sq. ft.700 Magazine Street #405, New Orleans, LA 70130
MLS# 2579806Listed by: TALBOT REALTY GROUP - Coming Soon
$975,000Coming Soon5 beds 4 baths3,400 sq. ft.1507 Pine Street, New Orleans, LA 70118
MLS# 2578761Listed by: MCCARTHY GROUP REALTORS - Coming Soon
$169,000Coming Soon4 beds 2 baths1,476 sq. ft.3320 22 Delachaise Street, New Orleans, LA 70125
MLS# 2578179Listed by: KELLER WILLIAMS REALTY 455-0100 - New
$249,000Active4 beds 2 baths1,738 sq. ft.5800 Brighton Place, New Orleans, LA 70131
MLS# 2581084Listed by: GULF SOUTH PINNACLE GROUP - Open Sun, 3 to 4:30pmNew
$548,000Active3 beds 3 baths1,756 sq. ft.1810 Fern Street, New Orleans, LA 70118
MLS# 2581043Listed by: COMPASS HISTORIC (LATT09) - New
$299,000Active3 beds 2 baths2,000 sq. ft.8410 Edinburgh Street, New Orleans, LA 70118
MLS# 2575435Listed by: RE/MAX LIVING - New
$285,000Active3 beds 2 baths1,580 sq. ft.13820 Pierres Court, New Orleans, LA 70129
MLS# 2580576Listed by: REAL PROPERTY REALTORS - New
$395,000Active6 beds 4 baths2,944 sq. ft.1856 58 Industry Street, New Orleans, LA 70119
MLS# 2581090Listed by: WHIT OWNERSHIP - New
$399,900Active1 beds 2 baths1,949 sq. ft.57 Fairway Oaks Drive, New Orleans, LA 70131
MLS# 2581062Listed by: HOMESMART REALTY SOUTH
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2026 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.