5206 MAGAZINE ST new Save Request In-Person Tour Request Virtual Tour
New Orleans,LA 70115
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,442 sqft
Price per Sqft $382
MLS Listing ID 2511388
Style Other
Bedrooms 3
Full Baths 2
Half Baths 3
Year Built 1902
Property Sub-Type Mixed Use
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.
Location
State LA
County Orleans
Interior
Heating Central,Multiple Heating Units,Dual System
Cooling Central Air,Window Unit(s)
Laundry Laundry Room
Exterior
Exterior Feature Fence
Parking Features None
Pool None
Roof Type Asphalt,Flat,Shingle
Building
Lot Description City Lot,Rectangular Lot
Foundation Raised,Slab
Sewer Public Sewer
Water Public
Others
Special Listing Condition None