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    Magazine Street Historic 4-Plex

    2412 MAGAZINE Street New Orleans, LA 70130

    Claim this Listing
    Pending
    $970,000

    MULTI_FAMILY - New Orleans, LA

    Property size:
    4,853 SF
    Added:
    Nov 18, 2025
    Days on Market:
    237
    Last Refresh:
    Jul 13 at 10:06 am

    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 agent Tracey Moore License #000073376

    Listing office REVE, REALTORS 4827 Prytania St, New Orleans, LA

    Listing date Nov 18, 2025

    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 (±1% cap)
    NOI $61,451 @ 7.0% cap · market cap 6.34%
    Second Best
    Apartment 5plus
    $806.9K
    $706.0K – $941.4K (±1% cap)
    NOI $56,483 @ 7.0% cap · market cap 5.82%
    Theoretical Best
    Office A
    $1.23M
    $1.08M – $1.44M (±1% cap)
    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

    Suggested Use

    Electrical Service Acupuncture (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Daycare Center (Bike/Boat/Book/etc) Store Mobile Phone Store Wine and Liquor Store Locksmith

    Zoning and permitted uses should be independently verified with local authorities.

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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
    Contact an agent
    (504) 300-0700
    We can help!
    Contact an agent
    Tracey Moore
    Real Estate License ID: 000073376
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