2331 Magazine Street, New Orleans, LA 70130

New Orleans
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
2331 Magazine Street,New Orleans, LA 70130
$2,520,000
Virtual Tour
  • 16 Beds
  • 16 Baths
  • 9,875 sq. ft.
  • Multi-family
  • Active
Listed by: bryce a danna-marullo
Office: bridgewater realty advisors
MLS#:2575779
Source:LA_CLBOR

Price summary

  • Price:$2,520,000
  • Price per sq. ft.:$255.19

About this home

100% occupied, producing $17825/month gross rental income. Value add opportunity in A+ location on Magazine Street with ability to increase rents 30-40% (increase to $21,795/month) with minor cosmetic renovations. 2331-33 Magazine St, New Orleans, LA 70130. Historic multifamily in the Garden District on Magazine Street. Two connected three-story wood-frame buildings with 16 one-bedroom units totaling approximately +/-9,875 Gross SF on an approximately +/-9,148 SF lot. Frontage on the Magazine Street corridor. Close proximity to restaurants, retail, entertainment, and cultural amenities. St. Charles Avenue streetcar line within walking distance. Rear parking. Tenant-paid utilities. All information is deemed reliable but not guaranteed; buyer and buyer’s agent to verify.

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Home facts

  • Year built:1860
  • Listing ID #:2575779
  • Added:65 day(s) ago
  • Updated:November 09, 2026 at 01:23 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Full bathrooms:16
  • Living area:9,875 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)

Structure and exterior

  • Year built:1860
  • Building area:9,875 sq. ft.
  • Lot area:0.23 Acres
  • Construction Materials:Wood Siding
  • Foundation Description:Raised

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,520,000
  • Price per sq. ft.:$255.19

Features and amenities

  • Laundry features:Common Area

Parking

  • Parking description:Assigned, Off Street

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