700 Milan St, New Orleans, LA 70115

Description

Enjoy the best of Uptown with Magazine Street shopping, coffee and restaurants just moments away! Including nearby La Petite Grocery, put local favorites within easy reach. Laurence Square offers nearby green space, while grocery stores, Tipitina’s and access to the St. Charles streetcar enhance the location’s appeal. Downtown, the Warehouse District, Tulane and Loyola Universities are also accessible.

No HOA. Reported flood designation is X500; buyer to verify.

Come see the possibilities! Showings require at least 48 hour notice. This triplex at 700 Milan Street features 6 bedrooms, 3 bathrooms and approximately 2,728 square feet.

Major updates include a roof replaced in 2022, new windows in April 2025, and new electrical service and breaker panels in spring 2026. Unit 702 received a new water heater in 2025, and Unit 4209 has three new window air conditioners.

For investors, all three units are occupied by longtime tenants, with current rent reported at $925 per unit. Recent improvements may help reduce some maintenance needs, while proximity to dining, shopping and transportation supports rental potential. Buyers should review leases, expenses and property condition when evaluating long term value. Future income and appreciation are not guaranteed. Buyers considering personal occupancy should verify lease obligations and possession timing. Investors may explore potential rents, subject to verification through current comparable rentals, unit condition and existing lease terms. Personal occupancy may also be an option, subject to existing leases.

Information deemed reliable but not guaranteed. Buyer to verify all details.