5206 Magazine Street, New Orleans, LA 70115
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
5206 Magazine Street,New Orleans, LA 70115
$1,650,000
- - Beds
- - Baths
- 4,442 sq. ft.
- Multi-family
- Active
Listed by: lisa o'dwyer
Office: o'dwyer realty
MLS#:NO2511388
Source:LA_RAAMLS
Price summary
- Price:$1,650,000
- Price per sq. ft.:$371.45
About this home
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.
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Home facts
- Listing ID #:NO2511388
- Added:45 day(s) ago
- Updated:November 14, 2025 at 10:50 PM
Rooms and interior
- Living area:4,442 sq. ft.
Heating and cooling
- Cooling:Central Air, Window Unit(s)
- Heating:Central Heat
Structure and exterior
- Building area:4,442 sq. ft.
- Lot area:0.13 Acres
Finances and disclosures
- Price:$1,650,000
- Price per sq. ft.:$371.45
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