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.
Active
Price cut: $5K (9/4)
$732,500
2714 Milan St, New Orleans, LA 70115
9beds
5,749sqft
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
- 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#: 2559886
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
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Price change | $732,500-0.7%$127/sqft |
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| 8/31/2026 | Price change | $737,500-0.1%$128/sqft |
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| 8/24/2026 | Price change | $738,000-0.1%$128/sqft |
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| 8/12/2026 | Price change | $739,000-1.3%$129/sqft |
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| 7/28/2026 | Price change | $749,000-0.8%$130/sqft |
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| 7/20/2026 | Price change | $755,000-0.5%$131/sqft |
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| 7/15/2026 | Price change | $759,000-0.4%$132/sqft |
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| 7/6/2026 | Price change | $762,000-0.3%$133/sqft |
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| 6/26/2026 | Price change | $764,000-0.1%$133/sqft |
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| 6/22/2026 | Price change | $765,000-0.3%$133/sqft |
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| 6/4/2026 | Price change | $767,000-0.3%$133/sqft |
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| 5/26/2026 | Listed for sale | $769,000-18.1%$134/sqft |
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| 10/8/2025 | Listing removed | $939,000$163/sqft |
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| 9/30/2025 | Price change | $939,000-0.2%$163/sqft |
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| 9/22/2025 | Price change | $941,000-0.2%$164/sqft |
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| 9/17/2025 | Price change | $943,000-0.2%$164/sqft |
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| 9/4/2025 | Price change | $945,000-0.2%$164/sqft |
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| 9/2/2025 | Price change | $947,000-0.2%$165/sqft |
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| 8/20/2025 | Price change | $949,000+1.1%$165/sqft |
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| 7/28/2025 | Price change | $939,000-0.6%$163/sqft |
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| 7/10/2025 | Price change | $945,000-0.2%$164/sqft |
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| 7/8/2025 | Price change | $947,000-0.2%$165/sqft |
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| 7/5/2025 | Price change | $949,000-0.8%$165/sqft |
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| 6/20/2025 | Price change | $957,000-0.1%$166/sqft |
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| 6/19/2025 | Listed for sale | $958,000$167/sqft |
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| 6/20/2017 | Sold | -- |
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Public tax history
| Year | Property taxes | Tax 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






