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5206 Magazine Street New Orleans, LA $ 1,650,000
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$ 1,650,000 Get more info
5206 Magazine Street
$ 1,650,000
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Share Save

5206 Magazine Street

New Orleans, LA, 70115
$ 1,650,000
Bedrooms3 Baths2.3 Sq 4,442

Monthly Estimate*

$ 10,294

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Multi-Family Home for sale in New Orleans, LA

for $1,650,000 with 3 bedrooms and 2 full baths, 3 half baths. This 4,442 square foot home was built in 1902.

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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Multi-Family Active

Price

$ 1,650,000

Bedrooms

3

Full Bath

2

Half Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1902

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2511388
Features
General
Sewer Public Sewer
Heating Central Multiple Heating Units Dual System
Cooling Central Air Window Unit(s)
Roof Asphalt Flat Shingle
Architectural Style Other
Pool Features None
Construction Materials Frame Stucco Vinyl Siding
Year Built 1902
Stories Count 2
Levels Two
Property Subtype Mixed Use
County Orleans
Property Type Residential Income
Total Rooms 0
Full Baths 2
Status Active
City New Orleans
Number Of Units Total 0
Home Warranty Y/N 0
Property Condition Very Good Condition
Standard Status Active
Property Sub Type Additional Commercial Residential
Legal Description SQ 193 LOT 17 PT LOTS 14 16 45x130
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Exterior
Exterior Amenities Fence
Parking Features None
Lot Features City Lot Rectangular Lot
Water Source Public
Lot Size Area 0
Foundation Details Raised Slab
Lot Dimensions 45x130
Lot Size Acres 0
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Interior
Air Conditioning Y/N 1
Heating Y/N 1
Half Baths 3
Laundry Features Laundry Room
Total Bedrooms 3
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* Excluded Features
List By
O'dwyer Realty

Broker

lodwyer82905@gmail.com

Email

Affordability Calculator

$10,294
Per Month
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Monthly Principal & Interest
$10,294
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.375% 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
476401 Elementary School
475975 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/28/2025$1,650,000 -2.94% Price Down
7/14/2025$1,700,000 Listed Price

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5206 Magazine Street, New Orleans, LA, 70115 is a Multi-Family Home for sale at $1,650,000 with 4,442 sqft. 5206 Magazine Street has 3 bedrooms, 2.3 baths, and was built in 1902. The property's zip code is 70115 which is in New Orleans, LA

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