BEDS3
BATHS2 full 3 partial
SQUARE FEET4,442
MLS#2511388
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Incredible investment opportunity in the heart of Magazine Street's vibrant commercial corridor! This mixed-use property offers 5,103 total square feet (4,442 living) on a deep 45' x 130' lot. Two long-term commercial tenants anchor the street-level frontage, offering strong visibility and consistent rental income. The residential portion includes three apartments: a rented 1-bedroom unit, a large, newly renovated 2-bedroom, 1.5-bath unit with a bonus office/exercise room and 2024 updated kitchen (owner occupied), and a third 1-bedroom, 1-bath upper unit in need of a full renovation?an excellent value-add opportunity. Foundation piers were replaced in 2024. With over $75,000 in current annual rents and additional income potential, this property offers both performance and upside in one of New Orleans' most sought-after locations. Zoned for mixed-use and surrounded by restaurants, boutiques, and neighborhood amenities, this is your chance to own a high-performing property in the heart of Magazine Street.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Window Unit(s)
Fenced: Yes
Heating: Central, Multiple Heating Units, Dual System
Home Style: Mixed Use
Lot Size: 0.13 Acres
Roof Type: Asphalt, Flat, Shingle
Stories: 2.0
Amenities
Fence
Feature Descriptions
Days on Site: 244
Exterior: Frame, Stucco, Vinyl Siding
Laundry: Laundry Room
Lot: City Lot, Rectangular Lot
Lot Dimensions: 45x130
Parking: None
Property Condition: Very Good Condition
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: O'Dwyer Realty
Agency Phone: (228) 452-4242
Shown By
Agency Title: Wurth Real Estate Services
Agency Phone: (866) 961-4414
Estimate Your Payment
Estimated Payment
$ 4,153.43 per month $3,672.18 Principal & Interest $0.00 Property Tax (data not provided by mls) $481.25 Homeowner's InsuranceChange Payment Information
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7840 Maple St.
New Orleans, LA 70118
504-866-7000
Additional:
1700 City Farm Drive
Baton Rouge, LA 70806
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5206 Magazine Street | MLS# 2511388
This multi-family property located at 5206 Magazine Street, New Orleans, LA 70115 is currently listed for sale with an asking price of $1,650,000. Search New Orleans real estate on www.wurthre.com today.