737 Eleonore St | 5808 Magazine St

5808 Magazine Street & 737 Eleonore Street | Uptown New Orleans Portfolio

Two adjacent Uptown New Orleans assets offered together as a mixed-use and hospitality investment portfolio along the Magazine Street corridor near Nashville Avenue. The offering combines a newly constructed mixed-use property with a fully renovated historic STR asset, creating immediate in-place income with additional upside through lease-up or owner-operator use of the vacant commercial space.

5808 Magazine Street is a three-story mixed-use asset completed in 2021. The property includes approximately 2,000 SF of vacant commercial space across the ground and second floors with HU-B1 zoning, storefront frontage, 14-foot ceilings, and an installed grease trap suitable for retail, restaurant, or service-oriented uses. The third floor consists of a luxury residential penthouse currently operating as a licensed short-term rental featuring a private elevator and balcony overlooking Magazine Street.

737 Eleonore Street is a fully renovated historic residence originally constructed circa 1895 and currently operating as “Uptown Blue,” a licensed 5-bedroom / 3-bath short-term rental with established booking history and in-place income from Airbnb, VRBO, and direct reservations. The property is a recognizable Uptown landmark along the Magazine Street corridor, known for the oversized Mardi Gras beaded dog installation at the corner of Magazine & Eleonore.

The properties are positioned within walking distance of Audubon Park, Tulane University, Whole Foods, SABA, Bistro Daisy, and the surrounding Uptown Magazine Street retail and dining corridor.

• Turnkey mixed-use + STR portfolio opportunity
• Two adjacent Uptown New Orleans assets
• Immediate in-place STR income
• Value-add upside through commercial lease-up
• 2021 construction at 5808 Magazine Street
• Licensed STR operations on both properties
• HU-B1 zoning 
• Luxury penthouse with private elevator & Magazine Street balcony
• Recognizable Uptown landmark at Magazine & Eleonore
• Walkable to Audubon Park, Tulane, dining, and retail