Active

$2,520,000

2331 Magazine St, New Orleans, LA 70130

16beds

9,786sqft

N/A

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Multi Family, Apartment

Built in 1860

-- sqft lot

$-- Zestimate^®

$258/sqft

$-- HOA

What's special

Rear parking

100% occupied, producing $17825/month gross rental income. Value add opportunity in A+ location on Magazine Street with ability to increase rents 30-40% (increase to $21,795/month) with minor cosmetic renovations. 2331-33 Magazine St, New Orleans, LA 70130. Historic multifamily in the Garden District on Magazine Street. Two connected three-story wood-frame buildings with 16 one-bedroom units totaling approximately +/-9,786 SF on an approximately +/-9,148 SF lot. Frontage on the Magazine Street corridor. Close proximity to restaurants, retail, entertainment, and cultural amenities. St. Charles Avenue streetcar line within walking distance. Rear parking. Tenant-paid utilities. All information is deemed reliable but not guaranteed; buyer and buyer’s agent to verify.

2 hours
42
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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 16
Full bathrooms: 16

Heating

Window Unit

Cooling

Window Unit(s)

Appliances

Laundry: Common Area

Interior area

Total interior livable area: 9,786 sqft

Property

Parking

Parking features: Assigned, Off Street

Features

Levels: Three Or More
Stories: 3
Patio & porch: Balcony
Exterior features: Balcony, Fence
Pool features: None

Lot

Size: 9,801 Square Feet
Dimensions: 30 x 150 x 30 x 150
Features: City Lot, Rectangular Lot

Details

Parcel number: 411203905
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family, Apartment

Materials

Wood Siding
Foundation: Raised
Roof: Shingle

Condition

Very Good Condition
Year built: 1860

Utilities & green energy

Sewer: Public Sewer
Water: Public

Green energy

Energy efficient items: Water Heater

Community & HOA

Location

Region: New Orleans

Financial & listing details

Price per square foot: $258/sqft
Tax assessed value: $1,131,200
Annual tax amount: $14,931
Date on market: 9/4/2026
Tenant pays: Electricity, Gas

Estimated market value

Not available

Estimated sales range

Not available

$1,441/mo

Price history

Date	Event	Price
9/4/2026	Listed for sale	$2,520,000$258/sqft
Source: GSREIN #2575779 Report a problem
6/25/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
6/22/2022	Listed for rent	$1,250-16.7%
Source: Zillow Rental Manager Report a problem
4/25/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
4/21/2022	Listed for rent	$1,500+80.7%
Source: Zillow Rental Manager Report a problem
3/28/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
3/25/2021	Listed for rent	$830+0.6%
Source: Zillow Rental Manager Report a problem
3/1/2021	Listing removed	--
Source: Owner Report a problem
5/5/2020	Listing removed	$825
Source: Owner Report a problem
5/2/2020	Price change	$825-9.8%
Source: Owner Report a problem
4/30/2020	Listed for rent	$915
Source: Owner Report a problem
8/19/2008	Sold	--
Source: Public Record Report a problem
3/13/2006	Sold	--
Source: Public Record Report a problem
3/7/2005	Sold	--
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$14,931	$113,120
2025	$14,931 -1.5%	$113,120
2024	$15,157 +4.5%	$113,120 +9.8%
2023	$14,500 +3.2%	$103,050 +9.1%
2022	$14,047 -5%	$94,460 -2.9%
2021	$14,789 +5.5%	$97,330 +7.2%
2020	$14,015 -4.2%	$90,780
2019	$14,623	$90,780
2018	$14,623	$90,780
2017	$14,623 -1.8%	$90,780
2016	$14,895 +0.8%	$90,780 +12.7%
2015	$14,777	$80,520
2014	$14,777 +14.9%	$80,520
2013	$12,857	$80,520
2012	--	$80,520
2011	--	$80,520 -17.4%
2010	--	$97,500
2009	--	$97,500 -17.7%
2007	--	$118,460