5206 MAGAZINE ST, New Orleans, LA 70115
5206 MAGAZINE ST, New Orleans, LA 70115
5206 MAGAZINE ST, New Orleans, LA 70115
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$1,650,000
Est. payment /mo
4,442 SqFt
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,442 sqft

Price per Sqft $371

MLS Listing ID 2494950

HOA Y/N No

Year Built 1902

Lot Size 5,850 Sqft

Acres 0.1343

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

Zoning HU-B1

Interior

Fireplace No

Exterior

Parking Features None

Water Access Desc Public

Building

Lot Description City Lot, Rectangular Lot

Dwelling Type Mixed Use

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Additional Building Living Quarters

Others

Tax ID 614123310

Special Listing Condition None

Virtual Tour https://go.nolaremarketing.com/5206MagazineStMLS

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Kristen Koppel

Kristen Koppel

+1(504) 525-3067

Real Estate Agent | License ID: 0995687860

Real Estate Agent License ID: 0995687860

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