Magazine Street Historic
2412 MAGAZINE Street New Orleans, LA 70130
2412 MAGAZINE Street, New Orleans, LA, 70130
$970,000
Pending
For Sale
$970,000
Pending
MULTI_FAMILY - New Orleans, LA
Property Size4,853 SF
Days on Market241
Property Features for 2412 MAGAZINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Fence, Porch
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 411202615
- Size
- 4,853 SF
Taxes and HOA fees
- Tax Description
- SQ 132 LOT F MAGAZINE ST 43 X 126 DB 2412/14 2-STRY FILE #15633
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle, Asphalt
- Architectural style
- Victorian
Listing Agency
REVE, REALTORS
(504) 300-0700
4827 Prytania St, New Orleans, LA
Listed by
Tracey Moore · License #000073376
(504) 300-0700
Added: Nov 18, 2025 Checked: Jul 17 at 10:06 am
MLS# 2529838
Listing URL
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Magazine Street 4-plex is located in New Orleans, Louisiana, and offers historic charm. The property features vintage details, including hardwood floors and soaring ceilings. A new roof was installed in 2021. The location is between the Garden District and Irish Channel, with restaurants, galleries, and shopping nearby. The St. Patrick's Day Parade passes by the front door, and the Mardi Gras route is a few blocks away. The property size is 4853 square feet.
Key Highlights
- 1890 Victorian‑style 4‑plex with vintage exterior features including balcony, porch, and fenced yard
- New roof installed in 2021
- Central heating and central air conditioning
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.1k | $19.80 |
| − Vacancy | −$8.3k | −$1.71 |
| EGI | $87.8k | $18.09 |
| − OpEx | −$26.3k | −$5.43 |
| NOI | $61.5k | $12.66 |
4,853 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$877.9K
$768.1K – $1.02M
NOI $61,451 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$806.9K
$706.0K – $941.4K
NOI $56,483 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,343 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Charming New Orleans 4-plex with vintage details and enviable location.
Where is this quadplex located?
The property is located at 2412 MAGAZINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: 1890 Victorian‑style 4‑plex with vintage exterior features including balcony, porch, and fenced yard; New roof installed in 2021; Central heating and central air conditioning
