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2331 Magazine Street New Orleans, LA $ 2,520,000
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2331 Magazine Street
$ 2,520,000
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2331 Magazine Street

New Orleans, LA, 70130
$ 2,520,000
Bedrooms16 Baths16.0 Sq 9,786

Monthly Estimate*

$ 15,912

2331 Magazine Street, New Orleans, LA 70130 - Image 1
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Multi-Family Home for sale in New Orleans, LA

for $2,520,000 with 16 bedrooms and 16 full baths. This 9,786 square foot home was built in 1860 on a lot size of 0.225.

100% occupied, producing $17825/month gross rental income. Value add opportunity in A+ location on Magazine Street with ability to increase rents 30-40% (increase to $21,795/month) with minor cosmetic renovations. 2331-33 Magazine St, New Orleans, LA 70130. Historic multifamily in the Garden District on Magazine Street. Two connected three-story wood-frame buildings with 16 one-bedroom units totaling approximately +/-9,786 SF on an approximately +/-9,148 SF lot. Frontage on the Magazine Street corridor. Close proximity to restaurants, retail, entertainment, and cultural amenities. St. Charles Avenue streetcar line within walking distance. Rear parking. Tenant-paid utilities. All information is deemed reliable but not guaranteed; buyer and buyer’s agent to verify.

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Multi-Family Active

Price

$ 2,520,000

Bedrooms

16

Full Bath

16

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.225

Year Built

1860

Town/City

New Orleans

County/Region

Orleans

MLS | Web ID

2575779
Features
General
Sewer Public Sewer
Heating Window Unit
Cooling Window Unit(s)
Roof Shingle
Patio/Porch Features Balcony
Architectural Style Other
Pool Features None
Construction Materials Wood Siding
Year Built 1860
Tenant Pays Electricity Gas
Stories Count 3
Levels Three Or More
Property Subtype Apartment
County Orleans
Property Type Residential Income
Energy Efficient Water Heater
Full Baths 16
Status Active
City New Orleans
Number Of Units Total 0
Home Warranty Y/N 0
Property Condition Very Good Condition
Standard Status Active
Tax Lot 8
Property Sub Type Additional Apartment
Legal Description 1. SQ 147 LOTS 8 9 MAGAZINE 2. 30 X 150 EA DB 2331-33 3. FILE #14177
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Exterior
Exterior Amenities Balcony Fence
Parking Features Assigned Off Street
Lot Features City Lot Rectangular Lot
Water Source Public
Lot Size Area 0.225
Foundation Details Raised
Lot Dimensions 30x150x30x150
Lot Size Acres 0.225
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Interior
Air Conditioning Y/N 1
Heating Y/N 1
Half Baths 0
Laundry Features Common Area
Total Bedrooms 16
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* Excluded Features
List By
Bridgewater Realty Advisors, Llc

Broker

bryce@bridgewater.realty

Email

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$15,912
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Monthly Principal & Interest
$15,912
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Default based on a 30-year fixed rate of 6.49% 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
476401 Elementary School
475975 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
9/4/2026$2,520,000 Listed Price

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2331 Magazine Street, New Orleans, LA, 70130 is a Multi-Family Home for sale at $2,520,000 with 9,786 sqft and a lot size of 0.225. 2331 Magazine Street has 16 bedrooms, 16.0 baths, and was built in 1860. The property's zip code is 70130 which is in New Orleans, LA

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