3138 Magazine St New Orleans, LA 70115

Listing agency Crescent Sotheby's International Realty l***@bhhs-united.com Show Phone

Listed by Liz Baer · License #995706307

Source Crexi

Added: Apr 11 Updated: Jul 22 at 6:28PM Checked: Jul 22 at 6:28PM

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Investment Insights

Based on property information with market context.

Iconic Art Deco building totaling 13,412 square feet, with four commercial spaces on the ground floor totaling 7,048 square feet, and four residential units totaling 6,364 square feet, including a 684-square-foot balcony. The property is currently 100% occupied, with commercial tenants including a jewelry store, gym, bubble tea shop, and bakery.

The residential units feature 11-foot ceilings, original hardwood floors, plentiful large double-paned sound-reducing windows, stainless-steel appliances, and a washer/dryer in each unit. Zoned HU-B1, the property is centrally located in Uptown New Orleans, less than a half mile from St. Charles Ave and a few miles from the French Quarter, tourist attractions, and the interstate.

Preliminary research indicates zoning would allow a 2,000-square-foot third-floor addition and a rooftop deck, and a possible condo conversion, subject to buyer verification of all zoning and plans.

Key Highlights

• Iconic Art Deco 13,412 SF building with 4 ground‑floor commercial spaces and 4 residential units
• Fully occupied with gross income over $340,000 annually; commercial tenants include a jewelry store, gym, bubble tea shop, and bakery
• Residential units total 6,364 SF with a 684 SF balcony; unit mix ranges from 2–3 bedrooms/2 bath

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FAQs

What type of property is this?

Quadplex - Art Deco building with four ground-floor commercial spaces and four residential units, fully occupied and generating gross income.

Where is this quadplex located?

The property is located at 3138 Magazine St New Orleans, LA.

What are key features of this property?

This property features: Iconic Art Deco 13,412 SF building with 4 ground‑floor commercial spaces and 4 residential units; Fully occupied with gross income over $340,000 annually; commercial tenants include a jewelry store, gym, bubble tea shop, and bakery; Residential units total 6,364 SF with a 684 SF balcony; unit mix ranges from 2–3 bedrooms/2 bath