5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo
5206 Magazine Street, New Orleans, LA 70115 Photo

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5206 Magazine Street New Orleans, LA 70115
$1,650,000
Active / MLS# 2511388 / Multi Unit - Multiple / New Orleans
3 Beds
2 Baths
3 Half Baths
4442 SqFt

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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Estimated Payment

$ 4,147.92 per month $3,666.67 Principal & Interest $0.00 Property Tax (data not provided by mls) $481.25 Homeowner's Insurance

Property Details

Property Type: Multi Unit - Multiple
Cooling: Central Air, Window Unit(s)
Fenced: Yes
Heating: Central, Multiple Heating Units, Dual System
Home Style: Mixed Use
Lot Size: 0.13 Acres
Roof Type: Asphalt, Flat, Shingle
Stories: 2.0

Amenities

Fence

Feature Descriptions

Days on Site: 279
Exterior: Frame, Stucco, Vinyl Siding
Laundry: Laundry Room
Lot: City Lot, Rectangular Lot
Lot Dimensions: 45x130
Parking: None
Property Condition: Very Good Condition
Sewer: Public Sewer
Water: Public

Listed By / Shown By

Listed By

Agency Name: O'Dwyer Realty
Agency Phone: (228) 452-4242

Shown By

Agency Title: John Weil Realty, LLC
Agency Phone: 504-512-6339

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