1408 MAGAZINE Street

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Address: 1408 Magazine St, New Orleans, LA 70130, USA

Florida & Gulf Coast + 2-4 Units

Created date: October 31, 2024

Date last updated: January 17, 2025

Property Description

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.

Under Contract

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Key Property Information

Listing Status:	Under Contract
Listing Type:	Call for offers
Property Types:	2-4 Units
Price:	$619,000
No. of Units:	4
Lot Size:	5,077.00 Sq ft
Opportunity Zone:	No
Price per unit:	$154,750
Property Website	Click Here
Number of Bedrooms:	0
Number of Bathrooms:	0

Address: 1408 MAGAZINE Street, New Orleans, LA 70130, USA

Provided by:

Standard Status: Active Under Contract

MLS Listing Number: 2472529
ID: 3yd-NOMARLA-2472529

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