5206 Magazine Street

New Orleans, LA 70115

  • 3 Bed(s)
  • 2 Bath(s)
  • 4,442 Sqft
$1,700,000

Description

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.

  • Property Type

    Residential Income

  • Parish

    Orleans

  • Style

    Residential Income

  • AD ID

    50418730

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BuyOwner last updated this listing 07/23/2025 @ 20:05

  • MLS: 2511388
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: NOMAR

is a Home, with 3 bedrooms which is for sale, it has 4,442 sqft, 4,442 sized lot, and 0 parking. are nearby neighborhoods.