1408 MAGAZINE Street New Orleans, LA 70130

Multi-Family (2-4 Units) MLS #: 2472529 Courtesy Of eXp Realty, LLC

$619,000

5,077 sq ft
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Estimated monthly payments: $2,706/mo.* (recalculate)

Property InformationDescription

Don't miss the opportunity to restore this Victorian double gallery four-plex, located in the heart of the Lower Garden District. Just a block from Coliseum Square and within walking distance to a variety of shops and restaurants, this property is situated in a prime location. Partially taken down to the studs, this architectural gem showcases its original hardwood floors, intricate crown molding, soaring ceilings, original millwork, elegant brick fireplace mantles, and ornate medallions throughout. Each of the four two-bedroom, one-bath units boasts its own balcony or private outdoor space, making this a rare and historically significant property. Renovate into a spacious single-family home or back into an income producing four-plex. A new roof was installed after hurricane Ida and the home is currently under a termite contract. The building is pre-approved for historic tax credits which could allow up to 45% (25% State and 20% Federal tax credits) rehabilitation costs back to the owner! Restore this beauty back to its former glory and obtain a sought after investment property. The facade of this building was donated to the Preservation Resource Center and the act of donation is included in the attachments.

Features

  • Architecture Style: Victorian
  • Exterior Type: Asbestos
  • Heating System: Central Furnace
  • Roof Type: Asphalt

MAP & DIRECTIONS

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1408 MAGAZINE Street, New Orleans, LA 70130
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School Information

1408 MAGAZINE Street, New Orleans, LA 70130

Elementary School
Grades PK-8 | Public School
MARY BETHUNE ELEMENTARY LITERATURE/TECHNOLOGY
New Orleans, LA 70122
2401 Humanity St
504.­324.7076
Distance: 4.0 mi
School Rating
C
Student:Teacher Ratio
20:1
Total Students
711
Elementary School
Grades PK-8 | Public School
BENJAMIN FRANKLIN ELEMENTARY MATH AND SCIENCE
New Orleans, LA 70122
6101 Chatham Dr
504.­304.3932
Distance: 3.7 mi
School Rating
C
Student:Teacher Ratio
22:1
Total Students
751
Middle School
Grades PK-8 | Public School
MARY BETHUNE ELEMENTARY LITERATURE/TECHNOLOGY
New Orleans, LA 70122
2401 Humanity St
504.­324.7076
Distance: 4.0 mi
School Rating
C
Student:Teacher Ratio
20:1
Total Students
711
Middle School
Grades PK-8 | Public School
BENJAMIN FRANKLIN ELEMENTARY MATH AND SCIENCE
New Orleans, LA 70122
6101 Chatham Dr
504.­304.3932
Distance: 3.7 mi
School Rating
C
Student:Teacher Ratio
22:1
Total Students
751
High School
Grades 9-12 | Public School
MCDONOGH #35 COLLEGE PREPARATORY SCHOOL
New Orleans, LA 70122
4000 Cadillac St
504.­324.7600
Distance: 4.3 mi
School Rating
B
Student:Teacher Ratio
11:1
Total Students
129
Other Nearby Schools Distance Type Grades School Rating
International School Of Louisiana 0.1 mi Public KG-8 B+
The Chartwell Center 0.2 mi Private PK-12
St Michael Special School 0.3 mi Private UG
St Alphonsus School 0.4 mi Private PK-7
Trinity Episcopal School 0.5 mi Private PK-8
The Net Charter High School 0.5 mi Public 9-12 D+
Renew Scitech Academy At Laurel 0.6 mi Public PK-8 C
Louise S Mcgehee School 0.7 mi Private PK-12
James M. Singleton Charter School 0.7 mi Public PK-8 D
International High School Of New Orleans 0.8 mi Public 9-12 D+
Raphael Academy 0.9 mi Private 2-12
Opportunities Academy 1.0 mi Public 12
Kipp Central City 1.2 mi Public KG-8 C
Firstline Live Oak 1.2 mi Public PK-8
Mcdonogh No.26 Elementary School 1.3 mi Public PK-5 D-
Mcmillian's First Steps Child Development Center / Academy 1.4 mi Private PK-8
St Anthony School 1.4 mi Private PK-7
Walter L. Cohen College Preparatory 1.4 mi Public 7-12 D-
Kipp Booker T Washington 1.4 mi Public 9-12 D+
Elan Academy Charter School 1.5 mi Public PK-5 B
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

New Orleans, LA 70130

Median Age: 39.5
Married: 20%
Number of Households: 8,285
Households with Children: 11.6%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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