3419 Magazine St
$1,200,000.00
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Property Information
Street | 3419 Magazine St. |
City | New Orleans |
State | Louisiana |
Country | United States |
Zip | 70115 |
Historic Uptown Gem: Prime Investment Opportunity!!! Step into a piece of history with this stunning 107-year-old two-story historic property, offering over 4,600 sq. ft. of living space in a highly sought-after Uptown location. Situated adjacent to Touro Hospital and the bustling medical corridor, this property is just a block away from the iconic St. Charles Avenue, the streetcar, and vibrant Mardi Gras parades. Currently used as a multifamily residence with four apartments (2/1, 1/1, efficiency, and a spacious 3/2 upstairs), this property is zoned HU-MU, which opens the door to a variety of commercial possibilities. The sale also includes the adjoining 4096 sq. ft. lot (1510 Louisiana Avenue), providing ample room for parking, expansion or development. The second floor features an expansive 3-bedroom, 2-bath unit filled with natural light, soaring ceilings, oversized closets, a sitting room, dining room, and a bonus room. The ground floor consists of three separate apartments, generating steady rental income. This property has been lovingly owned by the same family since it was built in 1917. It is eligible for State & Federal Historic Tax Credits, allowing the new owner to recoup up to 45% of eligible renovation costs. With a new roof installed in 2021 and situated in an X Flood Zone, this property is poised for success in the long term. Don’t miss your chance to own a piece of New Orleans history. Whether you’re looking to preserve its historic charm or explore commercial opportunities, this property offers endless potential and awaits its’ next steward.

Access Realty Commercial
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