About 5206 Magazine Street
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.
Features of 5206 Magazine Street
| MLS® # | 2511388 |
|---|---|
| Price | $1,650,000 |
| Bedrooms | 3 |
| Bathrooms | 5.00 |
| Full Baths | 2 |
| Half Baths | 3 |
| Square Footage | 4,442 |
| Acres | 0.00 |
| Year Built | 1902 |
| Type | Multi-Family |
| Sub-Type | Other, Mixed Use |
| Status | Active |
Community Information
| Address | 5206 Magazine Street |
|---|---|
| City | New Orleans |
| County | Orleans |
| State | Louisiana |
| Zip Code | 70115 |
Amenities
| Parking | None |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Central, Multiple Heating Units, Dual System |
|---|---|
| Cooling | CentralAir,WindowUnits |
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Frame, Stucco, Vinyl Siding |
|---|---|
| Exterior Features | Fence |
| Lot Description | City Lot, Rectangular Lot |
| Roof | Asphalt, Shingle, Flat |
| Construction | Frame, Stucco, Vinyl Siding |
| Foundation | Raised, Slab |
Additional Information
| Days on Market | 99 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
| Listing Provided By | O'Dwyer Realty |