5206 Magazine Street
New Orleans, LA 70115
Map
- 3 beds
- 3.5 baths
- 4,442 sqft
- $382 per sqft
- 1902 build
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.
Last checked:
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Last updated Jul 14, 2025
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MLS# 2511388 —
The Building
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Year Built:1902
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Construction Materials:Frame, Stucco, Vinyl Siding
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Architectural Style:Other
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Building Area Source:Appraiser
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Roof:Asphalt, Flat, Shingle
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Foundation:Raised, Slab
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Exterior Features:Fence
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Levels:Two
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Stories:2
Interior
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Living Area:4442
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Living Area Source:Appraiser
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Laundry Features:Laundry Room
Financial & Terms
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Home Warranty:No
Location
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Cross Street:Dufossat, Constance, Bellecastle
The Property
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Parcel Number:614123310
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Property Type:Residential Income
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Property Subtype:Mixed Use
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Property Subtype Additional:Commercial, Residential
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Property Condition:Very Good Condition
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Lot Features:City Lot, Rectangular Lot
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Lot Size Dimensions:45x130
Listing Agent
- Contact info:
- Agent phone:
- (228) 452-4242
- Office phone:
- (228) 452-4242
Taxes
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Tax Legal Description:SQ 193 LOT 17 PT LOTS 14 16 45x130
Beds
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Bedrooms Total:3
Baths
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Full Baths:2
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Half Baths:3
The Listing
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Current Price:$1,700,000
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central, Multiple Heating Units, Dual System
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Heating:Yes
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Cooling:Central Air, Window Unit(s)
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Cooling:Yes
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Pool Features:None
Parking
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Parking Features:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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7/14/25
Jul 14, 2025
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Listed / Active | GSREIN | $1,700,000 |
