Renovated Victorian Multifamily with
1414 MAGAZINE Street New Orleans, LA 70130
1414 MAGAZINE Street, New Orleans, LA, 70130
$1,495,000
For Sale
$1,495,000
MULTI_FAMILY - New Orleans, LA
Property Size5,016 SF
Price / SF$298.05
Days on Market23
Property Features for 1414 MAGAZINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Patio and Porch features
- Porch, Patio
- Exterior features
- Balcony, Courtyard, Fence, Outdoor Entertainment Area Beyond Your Average Patio, Outdoor Kitchen, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 1414magazine
- Size
- 5,016 SF
Taxes and HOA fees
- Tax Description
- SQ 143 Lot B or PT 8 and 9 Magazine
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1919
- Floors in Building
- 2
- Number of units
- 7
- Roof type
- Shingle
- Architectural style
- Victorian
- Additional Structures
- Outdoor Kitchen
Listing Agency
Century 21 J. Carter & Company
(504) 810-2825
3540 S I-10 Service Rd W, Metairie, LA
Listed by
Ashley Farrell
(504) 810-2825
Added: Jun 25 Checked: Jul 17 at 2:06 pm
MLS# 2563277
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 fully renovated Victorian multifamily property features seven individually updated units within a historic-style building. Interior details include original hardwood floors, 12-foot ceilings, crown molding and ceiling medallions, and ornate fireplaces with exposed brick, along with wrought iron accents. Each unit is equipped with stainless steel appliances, an in-unit washer and dryer, and a private balcony.
The property includes a lush, landscaped common area designed for tenant and guest use, with comfortable seating, an outdoor TV, and grills. An open house is scheduled for Wednesday, July 1st, from 11:00 AM to 1:00 PM.
Located at 1414 Magazine Street in New Orleans (Orleans Parish), the building offers a turnkey-ready configuration for operators seeking a multi-unit setup with consistent unit amenities centered on in-unit laundry and private outdoor space. The combination of restored architectural character and modern updates supports a straightforward leasing and living experience across all seven units.
The property includes a lush, landscaped common area designed for tenant and guest use, with comfortable seating, an outdoor TV, and grills. An open house is scheduled for Wednesday, July 1st, from 11:00 AM to 1:00 PM.
Located at 1414 Magazine Street in New Orleans (Orleans Parish), the building offers a turnkey-ready configuration for operators seeking a multi-unit setup with consistent unit amenities centered on in-unit laundry and private outdoor space. The combination of restored architectural character and modern updates supports a straightforward leasing and living experience across all seven units.
Key Highlights
- Fully renovated Victorian built in 1919 with classic details including hardwood floors, 12‑foot ceilings, crown molding, and ceiling medallions
- Seven‑unit property with each unit updated with stainless steel appliances, in‑unit washer/dryer, and a private balcony
- Central heating and central air, with a shingle roof
Local Financial Insights For Apartment 5plus
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 | $116.8k | $23.28 |
| − Vacancy | −$10.6k | −$2.12 |
| EGI | $106.1k | $21.16 |
| − OpEx | −$47.8k | −$9.52 |
| NOI | $58.4k | $11.64 |
5,016 SF · lease $23.28/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$834.0K
$729.8K – $973.0K
NOI $58,380 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.12M – $1.49M
NOI $89,243 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
King’s Towing’s Trucks ...
Auto Repair Shop
patcaseymusic
Recording Studio
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FAQs
What type of property is this?
Apartment building - Fully renovated seven-unit Victorian offers modern in-unit laundry and private balconies within a preserved historic interior.
Where is this apartment building located?
The property is located at 1414 MAGAZINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Fully renovated Victorian built in 1919 with classic details including hardwood floors, 12‑foot ceilings, crown molding, and ceiling medallions; Seven‑unit property with each unit updated with stainless steel appliances, in‑unit washer/dryer, and a private balcony; Central heating and central air, with a shingle roof
