$385,000
$4K PRICE DROP

2828 Louisiana Ave New Orleans, LA 70115

Milan Neighborhood

Estimated payment $2,714/month

Total Views 767
8 Beds
8 Baths
4,328 Sq Ft
$89 Price per Sq Ft

Highlights

  • 0.17 Acre Lot
  • Laundry Room
  • Rectangular Lot
  • Cottage
  • Central Heating and Cooling System
  • Fenced

About This Home

New Low Price! Priced Below Market – Don’t Miss This Opportunity!

Excellent opportunity to own a 4-unit multifamily property, each unit offering 2 bedrooms and 2 bathrooms. Three of the four units are currently rented, generating consistent income. The fourth unit is vacant and offers flexibility for owner occupancy, long-term rental, or short-term rental (Airbnb potential).

With projected gross rental income of at least $7,268/month, this property delivers instant cash flow. 2025 HANO payments are now $1,817 per unit. Two units can increase rent at lease anniversary in August 2025, One unit can increase rent at lease anniversary in October 2025, vacant unit can rent for $1,817 now.

While the house needs updating, repairs, and some overall TLC it’s priced to sell and great for both first-time investors and experienced buyers looking to add value.

Spacious units, great layout, and located in a strong rental market—don’t miss this opportunity to build equity and generate income from day one!

Listing Agent

AUSTIN MCCANN

KELLER WILLIAMS REALTY 455-0100 License #995704296 Listed on: 06/17/2025

KELLER WILLIAMS REALTY 455-0100

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,277

Year Built

  • Built in 1970

Lot Details

  • 7,200 Sq Ft Lot
  • Lot Dimensions are 60x120
  • Fenced
  • Rectangular Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Cottage
  • Raised Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 4,328 Sq Ft Home
  • Property has 1 Level
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Parking

  • Driveway
  • Off-Street Parking

Additional Features

  • City Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 614336301

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,277

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1653
  • Lot Size: 60x120
  • Architectural Style: Cottage
  • Entry Level: 1
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1970
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Living Area: 4328.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Frame
  • Exterior Features: Fence
  • Foundation Details: Raised
  • Property Condition: Average Condition
  • Roof: Shingle

Garage/Parking

  • Parking Features: Driveway, Off Street

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 614336301

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Number Of Units Total: 4

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,277 $55,130 $10,800 $44,330
2024 $7,387 $55,130 $10,800 $44,330
2023 $5,854 $47,920 $4,320 $43,600
2022 $5,854 $41,600 $4,320 $37,280
2021 $6,898 $47,920 $4,320 $43,600
2020 $5,269 $36,240 $4,320 $31,920
2019 $5,475 $36,240 $4,320 $31,920
2018 $5,584 $36,240 $4,320 $31,920
2017 $5,332 $36,240 $4,320 $31,920
2016 $2,415 $15,910 $3,600 $12,310
2015 $2,365 $15,910 $3,600 $12,310
2014 -- $15,910 $3,600 $12,310
2013 -- $15,910 $3,600 $12,310
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2025 07/19/25 Price Changed $385,000 -1.0% $89 / Sq Ft
07/14/2025 07/14/25 For Sale $389,000 0.0% $90 / Sq Ft
06/21/2025 06/21/25 Pending -- -- --
06/17/2025 06/17/25 For Sale $389,000 -- $90 / Sq Ft
Source: ROAM MLS

Mortgage History

Date Status Loan Amount Loan Type
Closed $253,350 Future Advance Clause Open End Mortgage
Source: Public Records

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See All Homes in New Orleans

Source: ROAM MLS

MLS Number: 2507465

APN: 6-14-3-363-01

Louisiana Orleans Parish New Orleans 70115 Milan

2828 Louisiana Ave, New Orleans, LA

This home is located at 2828 Louisiana Ave, New Orleans, LA 70115 and is currently priced at $385,000, approximately $88 per square foot. This property was built in 1970. 2828 Louisiana Ave is a home located in Orleans Parish with nearby schools including Lawrence D. Crocker College Prep, Wilson Charter School, and Samuel J. Green Charter School.

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Nearby Homes
Listing Agent
AUSTIN MCCANN
Section Image
KELLER WILLIAMS REALTY 455-0100
(504) 788-1618