724 PHILIP ST, New Orleans, LA 70130
724 PHILIP ST, New Orleans, LA 70130
724 PHILIP ST, New Orleans, LA 70130
724 PHILIP ST, New Orleans, LA 70130
724 PHILIP ST, New Orleans, LA 70130
724 PHILIP ST, New Orleans, LA 70130
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Brook Freeman

Brook Freeman

+1(985) 688-1707
Listed byFQR Realtors • Billy W Patout • 504-949-5400
$ 799,000
Est. payment | /mo

4 Beds

4 Baths

3,642 SqFt

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$ 799,000
Est. payment | /mo
Save Virtual Tour

4 Beds

4 Baths

3,642 SqFt

Key Details

Property Type Other Types

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,642 sqft

Price per Sqft $219

MLS Listing ID 2580993

Style Traditional

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1880

Lot Dimensions 45x160

Property Sub-Type Quadruplex

Source ROAM MLS

Land Area 3642

Property Description

Fully leased historic fourplex in the heart of the Irish Channel, ideally located between Chippewa and Annunciation. The property consists of four 1-bedroom, 1-bath units with approximately 3,642 sq ft of living area, plus 282 sq ft of balcony/deck space, offering immediate, stable rental income.Originally built in the 1870s, the building retains classic New Orleans character throughout, including hardwood floors, mantels, transom windows, historic millwork, and cast-iron tubs. A major renovation in 2000 updated key systems while preserving the architectural integrity. Select bathrooms have been updated with tile flooring and newer cabinetry.Tenant occupied need 24 hour notice to showThe two upper units are fully electric and feature central HVAC systems replaced in 2025 (over $40K investment, 5-year warranty), helping reduce near-term capital expenditures. The lower units offer gas cooking, gas space heaters, and window unit cooling.Situated on an oversized approximately 45 x 160 lot (~7,200 sq ft), the property includes rare side-drive access to the rear yard—an uncommon feature that adds long-term flexibility and value.With all units leased, a proven rental layout, and a highly walkable location in one of New Orleans' most consistently demanded neighborhoods, this property presents a strong opportunity for both cash flow and long-term appreciation.

Location

State LA

County Orleans

Interior

Cooling Central Air, Window Unit(s)

Fireplace No

Exterior

Parking Features None

Utilities Available Natural Gas Available

Garage No

Building

Foundation Raised

Water Public

Architectural Style Traditional

New Construction No

Others

Tax ID SQ 75 LOT 213

Virtual Tour https://www.propertypanorama.com/instaview/roam/2550379

ROAM MLS

Schools and Properties Nearby

Brook Freeman

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(985) 688-1707

brookfreemanrealtor@gmail.com

1340 W Tunnel Blvd Ste. 223, Houma, LA 70360

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724 PHILIP ST