5206 MAGAZINE ST Active Save Request In-Person Tour Request Virtual Tour
New Orleans,LA 70115
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
Year Built 1902
Lot Size 5,850 Sqft
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
Exterior
Parking Features None
Building
Lot Description City Lot,Rectangular Lot
Dwelling Type Mixed Use
Sewer Public Sewer
Water Public
Others
Special Listing Condition None
Virtual Tour https://go.nolaremarketing.com/5206MagazineStMLS