Historic Magazine Street
2412-14 Magazine Street New Orleans, LA 70130
2412-14 Magazine Street, New Orleans, LA, 70130
$970,000
For Sale
$970,000
Charming New Orleans fourplex with vintage details and prime location.
Property Size4,853 SF
Price / SF$199.88
Days on Market269
Property Features for 2412-14 Magazine Street
General Information
- Standard status
- Active
- Size
- 4,853 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1890
Listing Agency
REVE, REALTORS
(504) 352-3303
Listed by
Tracey Moore · License #000073376
(504) 352-3303
Source
Compass
Added: Oct 22, 2025 Checked: Jul 16 at 4:40 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REVE, REALTORS
Investment Insights
Based on property information with market context.
This fourplex is located on Magazine Street, offering convenient access to restaurants, galleries, and shopping. Situated between the Garden District and the Irish Channel, the property provides access to local events such as the St. Patrick's Day Parade and Mardi Gras. The building features vintage details, including hardwood floors and high ceilings. A new roof was installed in 2021. The property is 4853 square feet.
Key Highlights
- Prime location on Magazine Street, offering immediate access to restaurants, galleries, and shopping.
- Income‑generating 4‑plex property allows rental income to offset mortgage payments.
- Historic New Orleans charm with hardwood floors and soaring ceilings.
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
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Charming New Orleans fourplex with vintage details and prime location.
Where is this quadplex located?
The property is located at 2412-14 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: Prime location on Magazine Street, offering immediate access to restaurants, galleries, and shopping.; Income‑generating 4‑plex property allows rental income to offset mortgage payments.; Historic New Orleans charm with hardwood floors and soaring ceilings.
