Active
Sale
Multifamily
Investment
Low Rise

Magazine Street 16 Unit Apartment For Sale

2331 Magazine St, New Orleans, LA 70130

For Sale

$2,520,000

$257.51/SF$157,500/Unit

Total Units
16
Building Size
9,786 SF
Lot Size
0.2111 ac
Parish
Orleans
Listed
09/04/2026
Updated
09/04/2026
New
Magazine Street 16 Unit Apartment For Sale
1 / 24

Overview

2331-33 Magazine Street presents a rare opportunity to acquire a historic multifamily asset in the heart of New Orleans’ highly desirable Garden District. The property consists of 16 one-bedroom units totaling approximately +/- 9,786 square feet across two connected, three-story historic wood-frame buildings situated on an approximately +/- 9,148 square foot lot.

The property combines irreplaceable historic character with an exceptional location directly along the Magazine Street corridor. Residents benefit from immediate access to some of the city’s most popular restaurants, retailers, entertainment, and cultural amenities, while the St. Charles Avenue streetcar line is also within walking distance. The property includes a rear parking area and tenant-paid utilities, further enhancing its operational appeal.

The property offers a rare opportunity to acquire a medium-sized apartment complex along the Magazine Street corridor with excellent value-add potential.

All information is deemed reliable but is not guaranteed; prospective purchasers should independently verify all information, measurements, and dimensions.

Attachments

Additional Information

City
New Orleans
State
LA
Zip Code
70130
Secondary Uses
Low Rise
Zoning
HU-RD2
Zoning Desc.
Historic Urban Two Family Residential District
Gross Income
$213,900
Total Expenses
$62,533
Laundry Income
$2,500
Real Estate Taxes
$15,099
# of Buildings
2
Floors
3
Parking Spaces
6
Heat Type
Electricity
Heat Source
Wall units
Air Conditioning
Window Unit
Internet Access
Cable
Rentable SF
9,786
Nearest MSA
New Orleans-Metairie-Kenner
Tax ID Number
411203905
Property Use Type
Investment
Property Status
Existing
Avg. Occupancy
95%
Total Units
16
Laundry
Shared
Power Provider
City - Entergy
Water Provider
City - SWBNO
Sewer Provider
City - SWBNO
Parcel APN
411203905
Listing ID
cc566c67

Parcel & Location