1582-84 Magazine Street is a 5,856 SF two-story building in the Lower Garden District, currently 100% occupied across two units. The ground floor currently operates as a coworking space. The second floor is a licensed four-bedroom, three-bath commercial short-term rental.
The building was fully renovated in 2014, updated again in 2020, and re-roofed in 2022. It's in move-in-ready condition. HU-B1 zoning gives a buyer flexibility on commercial use.
The setup suits an investor looking for cash flow from day one, or an owner-occupant who wants to run a business downstairs and keep the STR income upstairs. The office tenants can be vacated at closing if needed.
**Furniture not included - can be sold separately**
Highlights:
- 5,856 SF building, two floors; two units
- Ground floor office/co-working (~3,800sf)
- Second floor licensed commercial STR (~2,000sf)
- Fully renovated in 2014; updated in 2020; new roof in 2022
- Zoned HU-B1
- Located in New Orleans Lower Garden District; Magazine St. frontage
- Strong cash flow for investors; office can be vacated for owner-occupant
Active
$1,995,000
1582 Magazine St, New Orleans, LA 70130
4beds
2,000sqft
Single Family Residence
Built in 2014
5,619 Square Feet Lot
$-- Zestimate®
$998/sqft
$-- HOA
What's special
- 4 days
- 290
- 18
Zillow last checked:
Listing updated:
Listed by:
Michael Bucher 703-304-5335,
Urban Properties Real Estate, LLC 504-913-0462
Source: GSREIN,MLS#: 2579150
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Bedroom
- Description: Flooring: Wood
- Level: Second
- Dimensions: 15'x12'
Bedroom
- Description: Flooring: Wood
- Level: Second
- Dimensions: 15'x12'
Bedroom
- Description: Flooring: Wood
- Level: Second
- Dimensions: 15'x23'
Bedroom
- Description: Flooring: Wood
- Level: Second
- Dimensions: 15'x16
Bathroom
- Description: Flooring: Concrete,Painted/Stained
- Level: First
Living room
- Description: Flooring: Wood
- Level: Second
- Dimensions: 22'x25'
Office
- Description: Flooring: Concrete,Painted/Stained
- Level: First
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Microwave, Oven, Refrigerator, Washer
Features
- Stainless Steel Appliances
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 5,856
- Total interior livable area: 2,000 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Brick, Concrete, Balcony
- Exterior features: Balcony, Courtyard, Sound System
Lot
- Size: 5,619 Square Feet
- Dimensions: 0.129
- Features: Corner Lot, City Lot
Details
- Parcel number: 1582Magazinest
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Very Good Condition
- Year built: 2014
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Closed Circuit Camera(s)
HOA
- Has HOA: No
Location
- Region: New Orleans
Financial & listing details
- Price per square foot: $998/sqft
- Date on market: 9/28/2026
Estimated market value
Not available
Estimated sales range
Not available
$2,460/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Listed for sale | $1,995,000+104.6%$998/sqft |
Source:  GSREIN #2579150 Report a problem | ||
| 3/7/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/8/2020 | Listing removed | $3,100$2/sqft |
Source: Owner Report a problem | ||
| 4/3/2020 | Price change | $3,100-28.7%$2/sqft |
Source: Owner Report a problem | ||
| 3/17/2020 | Listed for rent | $4,350$2/sqft |
Source: Owner Report a problem | ||
| 3/7/2013 | Listing removed | $975,000$488/sqft |
Source: Owner Report a problem | ||
| 12/7/2012 | Listed for sale | $975,000$488/sqft |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Lower Garden District
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