$769,000
$60K PRICE DROP

Estimated payment $4,764/month

Total Views 3,028
5 Beds
3 Baths
2,626 Sq Ft
$293 Price per Sq Ft

Highlights

  • Outdoor Living Area
  • Cottage
  • Central Heating and Cooling System
  • Corner Lot
  • Courtyard
  • Property is in very good condition

About This Home

Welcome to this stunning triplex just steps from the vibrant heart of Magazine Street!
This exceptional property features two spacious 2-bedroom, 1-bath units and a charming 1-bedroom, 1-bath unit—a great fit for investors or anyone seeking a versatile multi-family living setup.
Soaring 12-foot ceilings found throughout most of the property, creating an airy, open feel in every room. Major updates were completed in 2010, including renovated electrical and plumbing systems, offering peace of mind and modern convenience.
Located within 2 miles of Tulane University, Loyola University, Touro Infirmary, and Ochsner Baptist, this triplex is ideally situated for students, medical professionals, or anyone seeking proximity to key institutions.
Relax or entertain in the lush backyard garden—a private oasis tucked away in the city. The property also features off-street parking for two vehicles, a rare and valuable amenity in this popular neighborhood.
Two of the three units come fully furnished, offering immediate rental potential.
Surrounded by some of New Orleans’ best dining and shopping this property combines comfort, charm, and convenience in one of the city’s most desirable areas.
Don’t miss your chance to own this unique and income-producing gem. Contact us today to schedule your private showing!

Listing Agent

PATTI FAULDER

REVE, REALTORS License #NOM:000074977 Listed on: 06/17/2025

REVE, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,000

Year Built

  • Built in 2012

Lot Details

  • Lot Dimensions are 45 x 115
  • Fenced
  • Corner Lot
  • Property is in very good condition

Home Design

  • Triplex
  • Cottage
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,626 Sq Ft Home
  • Property has 1 Level

Parking

  • 2 Parking Spaces
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Courtyard
  • Outdoor Living Area

Location

  • Outside City Limits

Utilities

  • Central Heating and Cooling System
  • Internet Available

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 24567222

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,000

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: 3 Plex
  • Style: Cottage
  • Condition: Vrgd
  • ADA Features: No
  • Legal Description: As per title
  • Lp Amt Sq Ft: 292.84
  • Measurmnt Apprx Not Guaranteed: Yes
  • Building Stories: 1.00000
  • Unit Level: 1
  • Year Renovated: 2012
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 2012

Interior Features

  • Estimated Living Area: 2626
  • Total Sq Ft: 2626

Exterior Features

  • Pool Type: None
  • Exterior: Frame, Wood Siding
  • ExteriorFeatures: Courtyard, Fence, Outdoor Entertainment Area Beyond Your Average Patio
  • Foundation: Slab
  • Roof Type: Seal Tab, Shingle

Garage/Parking

  • Car Storage: Two, Driveway Only, Off Street Parking
  • Internet: Yes

Utilities

  • Air Conditioner: Central
  • Electricity Provided By: Entergy
  • Gas Paid By: Tenant
  • Gas Type: None
  • Heating: Central
  • Meter Set Up: Other
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: Yes

Lot Info

  • Elevation Certificate: No
  • Lot Description: Corner, Regular
  • Lot Size: 45 x 115
  • Parcel #: 24567222

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

  • Electricity Paid By: Tenant
  • Lease Purchase Poss: No
  • Water Paid By: Owner

Multi Family

  • Total Bedrooms All Units: 5
  • Total Full Baths All Units: 3
  • Total Rent All Units: 6020
  • Total Units: 3
  • Unit Count: 3

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $8,000 $60,610 $18,110 $42,500
2024 $8,121 $60,610 $18,110 $42,500
2023 $7,370 $54,500 $12,000 $42,500
2022 $7,370 $52,380 $12,000 $40,380
2021 $7,845 $54,500 $12,000 $42,500
2020 $5,101 $35,090 $12,940 $22,150
2019 $5,301 $35,090 $12,940 $22,150
2018 $5,407 $35,090 $12,940 $22,150
2017 $5,162 $35,090 $12,940 $22,150
2016 $4,154 $27,370 $7,760 $19,610
2015 $4,069 $27,370 $7,760 $19,610
2014 -- $27,370 $7,760 $19,610
2013 -- $27,370 $7,760 $19,610
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 Price Changed $769,000 -7.2% $293 / Sq Ft
06/17/2025 06/17/25 For Sale $829,000 -- $316 / Sq Ft
Source: Gulf South Real Estate Information Network

Source: Gulf South Real Estate Information Network

MLS Number: 2507360

Gulf South Real Estate Information Network

APN: 6-14-1-246-13