5200 02 Magazine St New Orleans, LA 70115
West Riverside NeighborhoodEstimated payment $4,429/month
Highlights
- Corner Lot
- Fenced
- Wood Siding
- Cottage
About This Home
Commercial/Residential INVESTOR SPECIAL opportunity! Super location on visible corner of Magazine & Dufossat. Zoned HU-B1 Historic Urban Neighborhood Business District. Currently being used as residential rentals. Two large shotgun style lower units and two smaller units up. Currently occupied by long-term tenants on month-to-month basis. Lower left unit is now vacant. Property offers nice deep lot (45' x 130') with plenty available rear yard space with access from Dufossat St., off-street parking available on right side of property facing Magazine St., high ceilings, wood floors, separate gas, electric and water meters. Tons of potential for mixed use options. Purchaser to verify zoning and use. Located along the Magazine Street commercial corridor with easy access to restaurants, boutiques, and neighborhood amenities. Great spot for watching Mardi Gras parades along Magazine St.! This property may be approved for Federal and State Historic Tax Credits, to be verified by Buyer. See attached MLS Documents for more information.
Listing Agent
J. Louis Matherne & Associates License #NOM:000024757 Listed on: 04/22/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,717
Lot Details
- Lot Dimensions are 45 x 130
- Fenced
- Corner Lot
- Property is in below average condition
Home Design
- Quadruplex
- Cottage
- Raised Foundation
- Shingle Roof
- Wood Siding
Interior Spaces
- 3,316 Sq Ft Home
- Property has 1 Level
Parking
- Driveway
- Off-Street Parking
Location
- Outside City Limits
Utilities
- Window Unit Cooling System
- Window Unit Heating System
- Internet Available
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 614123309
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,717 | $66,040 | $26,330 | $39,710 |
| 2024 | $8,849 | $66,040 | $26,330 | $39,710 |
| 2023 | $8,724 | $62,000 | $20,480 | $41,520 |
| 2022 | $8,724 | $62,000 | $20,480 | $41,520 |
| 2021 | $7,025 | $48,800 | $20,480 | $28,320 |
| 2020 | $7,262 | $49,950 | $20,480 | $29,470 |
| 2019 | $7,546 | $49,950 | $20,480 | $29,470 |
| 2018 | $7,696 | $49,950 | $20,480 | $29,470 |
| 2017 | $7,349 | $49,950 | $20,480 | $29,470 |
| 2016 | $4,790 | $31,560 | $20,480 | $11,080 |
| 2015 | $4,256 | $28,630 | $17,550 | $11,080 |
| 2014 | -- | $28,630 | $17,550 | $11,080 |
| 2013 | -- | $28,630 | $14,630 | $14,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2025 04/22/25 | For Sale | $695,000 | -- | $210 / Sq Ft |
Source: Gulf South Real Estate Information Network
MLS Number: 2497842
APN: 6-14-1-233-09
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