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  • Price cut: $5K (9/4)
    $732,500

    2714 Milan St, New Orleans, LA 70115

    9beds
    5,749sqft
    : 
    $4,858/mo
    Get pre-qualified
    Quadruplex, Multi Family, Multi Family
    Built in 1907
    -- sqft lot
    $712,100 Zestimate®
    $127/sqft
    $-- HOA

    What's special

    Attractive curb appealSubstantial updatesSpacious layoutsHigh ceilings
    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 11.0% GROSS YIELD at the $732,500 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.
    104 days
    367
    28

    Zillow last checked:

    Listing updated:

    Listed by:

    Luke Garris 504-296-8286,

    United Real Estate Partners LLC 504-305-4930

    Source: GSREIN,MLS#: 2559886MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Heating
      • Central, Window Unit
      Cooling
      • Central Air, Window Unit(s)
      Interior area
      • Total interior livable area: 5,749 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Off Street
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Porch
      • Exterior features: Fence, Porch
      Lot
      • Size: 6,120 Square Feet
      • Dimensions: 51-120
      • Features: City Lot, Rectangular Lot
      Details
      • Parcel number: 614334213
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Craftsman
      • Property subtype: Quadruplex, Multi Family, Multi Family
      Materials
      • Cedar, Wood Siding
      • Foundation: Raised
      • Roof: Asphalt,Shingle
      Condition
      • Very Good Condition
      • Year built: 1907

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: New Orleans

      Financial & listing details

      • Price per square foot: $127/sqft
      • Tax assessed value: $389,700
      • Annual tax amount: $5,144
      • Date on market: 5/26/2026

        Estimated market value

        $712,100

        $676,000 - $748,000

        Not available

        Price history

        DateEventPrice
        9/4/2026Price change$732,500-0.7%$127/sqft
        Source: GSREIN #2559886 Report a problem
        8/31/2026Price change$737,500-0.1%$128/sqft
        Source: GSREIN #2559886 Report a problem
        8/24/2026Price change$738,000-0.1%$128/sqft
        Source: GSREIN #2559886 Report a problem
        8/12/2026Price change$739,000-1.3%$129/sqft
        Source: GSREIN #2559886 Report a problem
        7/28/2026Price change$749,000-0.8%$130/sqft
        Source: GSREIN #2559886 Report a problem
        7/20/2026Price change$755,000-0.5%$131/sqft
        Source: GSREIN #2559886 Report a problem
        7/15/2026Price change$759,000-0.4%$132/sqft
        Source: GSREIN #2559886 Report a problem
        7/6/2026Price change$762,000-0.3%$133/sqft
        Source: GSREIN #2559886 Report a problem
        6/26/2026Price change$764,000-0.1%$133/sqft
        Source: GSREIN #2559886 Report a problem
        6/22/2026Price change$765,000-0.3%$133/sqft
        Source: GSREIN #2559886 Report a problem
        6/4/2026Price change$767,000-0.3%$133/sqft
        Source: GSREIN #2559886 Report a problem
        5/26/2026Listed for sale$769,000-18.1%$134/sqft
        Source: GSREIN #2559886 Report a problem
        10/8/2025Listing removed$939,000$163/sqft
        Source: GSREIN #2502074 Report a problem
        9/30/2025Price change$939,000-0.2%$163/sqft
        Source: GSREIN #2502074 Report a problem
        9/22/2025Price change$941,000-0.2%$164/sqft
        Source: GSREIN #2502074 Report a problem
        9/17/2025Price change$943,000-0.2%$164/sqft
        Source: GSREIN #2502074 Report a problem
        9/4/2025Price change$945,000-0.2%$164/sqft
        Source: GSREIN #2502074 Report a problem
        9/2/2025Price change$947,000-0.2%$165/sqft
        Source: GSREIN #2502074 Report a problem
        8/20/2025Price change$949,000+1.1%$165/sqft
        Source: GSREIN #2502074 Report a problem
        7/28/2025Price change$939,000-0.6%$163/sqft
        Source: GSREIN #2502074 Report a problem
        7/10/2025Price change$945,000-0.2%$164/sqft
        Source: GSREIN #2502074 Report a problem
        7/8/2025Price change$947,000-0.2%$165/sqft
        Source: GSREIN #2502074 Report a problem
        7/5/2025Price change$949,000-0.8%$165/sqft
        Source: GSREIN #2502074 Report a problem
        6/20/2025Price change$957,000-0.1%$166/sqft
        Source: GSREIN #2502074 Report a problem
        6/19/2025Listed for sale$958,000$167/sqft
        Source: GSREIN #2502074 Report a problem
        6/20/2017Sold--
        Source: GSREIN #2106295 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026$5,144 $38,970
        2025$5,144 -1.5%$38,970
        2024$5,222 +13.8%$38,970 +19.5%
        2023$4,587 +4.7%$32,600 +4.7%
        2022$4,383 -6.6%$31,150 -4.4%
        2021$4,693 -10.9%$32,600 -10%
        2020$5,266 -3.8%$36,220
        2019$5,472 $36,220
        2018$5,472 $36,220
        2017$5,472 -1.9%$36,220 +115%
        2016$5,581 +118.2%$16,850
        2015$2,558 $16,850
        2014$2,558 +2.1%$16,850
        2013$2,505 $16,850 +24.8%
        2012-- $13,500
        2011-- $13,500
        2010-- $13,500
        2009-- $13,500 -10%
        2007-- $15,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Milan

        Getting around

        82 / 100
        Very Walkable
        43 / 100
        Some Transit
        86 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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