Magazine Street Historic
For Sale
$970,000
Pending
2412 MAGAZINE Street, New Orleans, LA 70130
MULTI_FAMILY - New Orleans, LA
Property Size4,853 SF
Days on Market254
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
Lot features
Oversized, Regular
Subdivision
Irish Channel
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
Legal 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
Listed By:
Tracey Moore · License #000073376
(504) 300-0700
Added: Nov 18, 2025
Changed: Jul 30
Last Checked: Jul 30 at 8:06PM
MLS# 2529838
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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,353
Businesses Nearby
Explore this area
Business Placement
Demographics for 70130, LA
14,521
Population
10,927
Households
1.3
Avg Household Size
38
Median Age
64%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
6,915
Density / Sq Mi
$82,758
Median Household Income
$52,492
Median Earnings
$1,410
Median Rent
$529,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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
