524 Magellan Street New Orleans, LA ^$ 473,800

524 Magellan Street

^$ 473,800

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524 Magellan Street

New Orleans, LA, 70114

^$ 473,800

Bedrooms9 Baths4.0 Sq 3,808

Monthly Estimate*

^$ 3,310

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Multi-Family Home for sale in New Orleans, LA

for $473,800 with 9 bedrooms and 4 full baths. This 3,808 square foot home was built in 1913.

OPPORTUNITY KNOCKS! Gorgeous 3-PLEX in FANTASTIC CONDITION! Positive cash flow! Long-term tenants! Easy commute to downtown! Beautifully maintained property on a quiet side street in an area with substantial recent investment! Gorgeous original Craftsman architectural trim and built-ins! ABUNDANT NATURAL LIGHT! Very close to the Gretna line! PUT YOUR MONEY TO WORK FOR YOU! TREMENDOUS OPPORTUNITY for UPWARD TRAJECTORY of EQUITY GROWTH!

Multi-Family Active

Price

^$ 473,800

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Craftsman

Year Built

1913

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2393184

Features

General

Sewer Public Sewer

Heating Central

Cooling Central Air Window Unit(s)

Roof Asphalt

Architectural Style Craftsman

Construction Materials Stucco Wood Siding

Year Built 1913

Stories 2

Levels Two

Property SubType Triplex

County Orleans

New Construction 0

Property Type Residential Income

Total Rooms 0

Status Active

City New Orleans

Buyer Agent Compensation 3

Total Units 3

Street Name MAGELLAN

Year Built Details 110

Property Condition Very Good Condition Resale

Days on Market 278

Standard Status Active

Property Sub Type Additional Triplex

Buyer Agent Compensation Type %

Legal Description 1. SQ 281 2. PT 6 OR 7 32 X 128 3. 524 MAGELLAN ST 4. PT 7 PT 8 OR 8 32 X 128

Exterior

Parking Features Driveway Off Street Three or more Spaces

Lot Features City Lot Rectangular Lot

Water Source Public

Lot Size Area 0

Foundation Details Raised

Lot Dimensions 32 x 128

Lot Size Acres 0

Interior

Air Conditioning Y/N 1

Heating Y/N 1

Full Baths 4

Half Baths 0

Street Suffix Street

Total Bedrooms 9

* Excluded Features

List By

Latter & Blum

Broker

historic504@gmail.com

Affordability Calculator

$3,310

Per Month

Monthly Principal & Interest: $3,310
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in New Orleans, LA

Average List Price ^$529,929

Percent of Sale Price 12%

About New Orleans, LA

392,550 Population

-19% Since 2002

^$41,421 Median Income

36.4 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

476401 Elementary School

475975 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/9/2023	$473,800	-3.07%	Price Down
5/11/2023	$488,800		Listed Price

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524 Magellan Street, New Orleans, LA, 70114 is a Multi-Family Home for sale at $473,800 with 3,808 sqft. 524 Magellan Street has 9 bedrooms, 4.0 baths, and was built in 1913. The property's zip code is 70114 which is in New Orleans, LA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the New Orleans Metropolitan Assn. of REALTORS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the New Orleans Metropolitan Assn. of REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/30/2024.

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524 Magellan Street

Multi-Family Home for sale in New Orleans, LA

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