Mixed-Use Art Deco
For Sale
$4,750,000
3138 Magazine Street, New Orleans, LA 70115
Art Deco building with four ground-floor commercial spaces and four residential units, fully occupied and generating gross income.
Property Size13,412 SF
Price / SF$354.16
Days on Market136
Property Features for 3138 Magazine Street
General Information
Standard status
Active
Size
13,412 SF
Property subtype
Commercial
Zoning
HU-B1
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
4
Building Details
Building Size
13,412 SF
Year Built
1930
Stories
2
Construction
Art Deco
Tenancy
Multi
Listing Agency:
Crescent Sotheby's International
(504) 621-7433
Listed By:
Liz Baer · License #995706307
(504) 621-7433
Source:
Nolalivingrealty
Added: Apr 11
Changed: Aug 23
Last Checked: Aug 21 at 8:58PM
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 Crescent Sotheby's International
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.
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
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,672
Businesses Nearby
Explore this area
Business Placement
Demographics for 70115, LA
31,736
Population
18,134
Households
1.8
Avg Household Size
38
Median Age
64%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
8,352
Density / Sq Mi
$94,181
Median Household Income
$57,242
Median Earnings
$1,442
Median Rent
$616,600
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 - 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 Street New Orleans, LA.
What is the asking price?
The asking price for this property is $4,750,000.
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
