724-76 PHILP Street, New Orleans, LA 70130 (MLS# NO2550379)

Remarks & Misc

Remarks

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 show The 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.

Office/Member/Contract Info

List AOR

NOMAR

Siding

Wood

Yes

Parking

No Parking

Yes

Foundation

Piers

Yes

Exterior

Balcony

Yes

Roof

Composition

Yes

Heating

Central

Yes

Natural Gas

Yes

Cooling

Central Air

Yes

Window Units

Yes

Owner Pays

Water

Yes

Tenant Pays

Electric

Yes

Gas

Yes

Property Features