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
  • 3 Beds
  • 5 Baths
  • 4,442 sq. ft.
  • Multi-family
  • Active
Listed by: lisa o'dwyer
Office: o'dwyer realty
MLS#:2511388
Source:LA_GSREIN

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

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Home facts

  • Year built:1902
  • Listing ID #:2511388
  • Added:168 day(s) ago
  • Updated:December 29, 2025 at 05:00 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:5
  • Full bathrooms:2
  • Half bathrooms:3
  • Living area:4,442 sq. ft.

Heating and cooling

  • Cooling:Central Air, Window Unit(s)
  • Heating:Central, Dual System, Heating, Multiple Heating Units

Structure and exterior

  • Roof:Asphalt, Flat, Shingle
  • Year built:1902
  • Building area:4,442 sq. ft.

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,650,000
  • Price per sq. ft.:$371.45

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