5206 MAGAZINE Street, New Orleans, LA 70115
$1,650,000
Property Type:
MultiFamily
Square Footage:
4,442
Status:
Active
Current Price:
$1,650,000
List Date:
7/10/2025
Last Modified:
11/29/2025
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.
Supplements: ********
More Information MLS# NO2511388
Listing Info
List Price/SqFt: 371.45
Document Modified: 2025-11-29 09:14:22.897067
Status: Active
Listing Date: 2025-07-10
Listing Price: 1650000
Current Price: $1,650,000
Modification Timestamp: 2025-11-29T15:14:22Z
Photo Modified: 2025-07-14T14:30:16Z
Location, Tax & Legal Info
Legal Desc: SQ 193 LOT 17 PT LOTS 14 16 45x130
General Property Description
Lot Dimensions: 45x130
Stories: 2
SqFt - Total: 4442
SqFt - Source: Appraiser
Number of Units: 4
Remarks & Misc
Remarks: 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.
Office/Member/Contract Info
List AOR: NOMAR
Currently Not Used
Acreage Range: 0 - 0.5
Siding
Stucco: 1
Vinyl Siding: 1
Parking
No Parking: 1
Construction
Frame: 1
Foundation
Piers: 1
Slab: 1
Roof
Other: 1
Heating
Central: 1
Cooling
Central Air: 1
Window Units: 1
Fencing
Other: 1
Originating Details
Originating System ID: ROAMM
Originating System Key: 51790391
Originating System Listing ID: 2511388
Originating System Name: ROAM Matrix
Location Tax Legal Info
Street Number: 5206
Street Name: MAGAZINE Street
Parish: Orleans
State: LA
Zip Code: 70115
Tax Assessment Number: 614123310
Directions: Bounding Streets: Dufossat, Constance, Bellecastle
Property Features
Siding: Stucco; Vinyl Siding
Parking: No Parking
Construction: Frame
Foundation: Piers; Slab
Roof: Other
Heating: Central
Cooling: Central Air; Window Units
Fencing: Other
Listing Office:
O'Dwyer Realty
IDX
Last Updated: November - 29 - 2025
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.