River Ridge Office 9531 Jefferson Highway River Ridge, LA 70123 504.737.8454

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River Ridge Office 9531 Jefferson Highway River Ridge, LA 70123 504.737.8454
$780,000 For Sale

4851 Magazine Street
New Orleans, LA 70115

Multi Family Home
3812 sq ft lot - MLS# 2527945
Property Photo
1/30

Description

Don't miss this rare opportunity to own a piece of New Orleans magic—perfectly positioned on a Mardi Gras parade route and one of the most vibrant blocks of world-famous Magazine Street. This walker's paradise boasts a 95 Walk Score and offers everything that makes Uptown living so special: sprawling oak trees, classic New Orleans architecture, and unbeatable proximity to the city's best restaurants, bars, and boutiques.Relax on the spacious front porch and watch the parades roll by, or host your own celebration from the wrought iron fenced front yard. This two-story classic camelback exudes curb appeal and authentic character, featuring soaring ceilings, heart pine floors, and well-proportioned rooms throughout. Enjoy a private backyard, great for pets, entertaining, or grilling under the stars. While the house is configured as two generous units, it offers incredible flexibility for homeowners or investors alike. Zoned HU-B1, the property allows for commercial, residential, or live/work use, providing exceptional versatility in one of the city's strongest retail corridors. Currently operating as a licensed, non-commercial short-term rental with 2024 gross earnings of $74,008 excluding owner's unit, the property delivers impressive cash flow and endless potential—whether you're seeking a primary residence, investment property, or mixed-use opportunity in the heart of Uptown New Orleans.

Features

  • Property Type: Multi Family Home
  • Sub Type: Duplex
  • Listing Status: Active
  • County/Area: Orleans Parish
  • Zip Code: 70115
  • Year Built: 1900
  • Sq.Ft.: 2,802 sq ft
  • Style: Craftsman
  • Stories: 2 Story
  • Bedrooms: 3
  • Full Baths: 2
  • Half Baths: 2
  • Lot Size: 3812 sq ft lot
  • Baths: 4
  • Additional Sub Type: Duplex
  • Building Area Source: Assessor
  • Construction Materials: Wood Siding
  • Cooling: Central Air
  • Cooling YN: Yes
  • Directions: Magazine Street Between Upperline And Lyons
  • Exterior Features: Fence, Porch
  • Foundation Details: Raised
  • Heating: Central
  • Heating YN: Yes
  • Living Area Source: Assessor
  • Lot Dimensions: 32/21x120/113
  • Lot Features: City Lot, Rectangular Lot
  • Lot Size Area: 0.0875
  • Main Type: Residential Income
  • Number Of Units Total: 2
  • Owner Pays: Electricity, Gas, Water
  • Patio And Porch Features: Porch
  • Postal City: New Orleans
  • Property Condition: Very Good Condition
  • Roof: Asphalt
  • Sewer: Public Sewer
  • Total Stories: 2
  • Water Source: Public
Listing Courtesy of The McEnery Company
Source: Gulf South Real Estate Information Network, Inc.
Rob Norton
Riverside Realty, Inc.

9531 Jefferson Hwy
River Ridge, LA 70123
Phone: 504-453-5165
Email: rob@rnortonrealtor.com

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