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LA > New Orleans
New Orleans, LA 70115,5206 MAGAZINE ST
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New Orleans, LA 70115,5206 MAGAZINE ST
New Orleans, LA 70115,5206 MAGAZINE ST
New Orleans, LA 70115,5206 MAGAZINE ST
New Orleans, LA 70115,5206 MAGAZINE ST
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Amy Lewis

Amy Lewis

+1(504) 203-7122
$ 1,650,000
Est. payment /mo
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Price Dropped by $50K

5206 MAGAZINE ST New Orleans, LA 70115

3 Beds

3.5 Baths

4,442 SqFt

UPDATED:

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 $371

MLS Listing ID 2511388

Style Other

Bedrooms 3

Full Baths 2

Half Baths 3

Construction Status Very Good Condition

HOA Y/N No

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)

Fireplace No

Laundry Laundry Room

Exterior

Exterior Feature Fence

Parking Features None

Pool None

Water Access Desc Public

Roof Type Asphalt,Flat,Shingle

Building

Lot Description City Lot, Rectangular Lot

Entry Level Two

Foundation Raised, Slab

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories Two

Construction Status Very Good Condition

Others

Tax ID 614123310

Special Listing Condition None

Gulf South Real Estate Information Network (NOMAR IDX Plus)
Listed by O'Dwyer Realty
Amy Lewis

Amy Lewis

Rêve | Realtor | License ID: 995714067

+1(504) 203-7122

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5206 MAGAZINE ST