$6,709 Closing Credit¹
#2488045, Rachel Silvers, Listing office: Galiano Realty
$725,000 List price
3445 Magnolia St New Orleans, LA 70115
$8,609
Closing credit¹
7 beds
4 full
3,100 sqft
$234 / sqft
Multi-Family
Property details
About 3445 Magnolia St
Turnkey Income-Producing Property | Renovated in 2015 <br><br> This fully renovated and well-maintained multi-unit property is a fantastic income-producing opportunity in the heart of Central City. Updated in 2015, the home features a smart and functional layout, including a spacious owner's unit on the ground floor with three bedrooms and high-end finishes throughout.<br><br> The upper level includes two additional rental units, all designed for comfort and efficiency. The total rental income is currently $2,800 per month, with long-term tenants in place. The thoughtfully designed floor plan and high-quality renovation make this a great choice for both investors and owner-occupants alike.<br><br> Whether you're looking to live on-site while generating steady rental income or expand your real estate portfolio, this turnkey property is ready to perform.<br><br>
Highlights
Home typeTriplex
HeatingCentral, Multi Unit(s)
StatusActive
CoolingCentral Air, Multi Unit(s)
Size3,100 sqft
Year built1939
MLS #2505051
Summary
- Full Bathrooms: 4
- Total Bedroom Count: 7
- Parking: None
- Exterior: Courtyard
- Architectural Style: Traditional
- Heating: Central, Multi Unit(s)
- Cooling: Central Air, Multi Unit(s)
- List Price: $725,000
- Price/SqFt: $233
- Annual Tax Amount: $3,271
- Tax Year: 2020
- Lot: Corner Lot, City Lot, Rectangular Lot
- Directions: One block uptown side of Louisiana Ave located on the lakeside corner of Amelia and Magnolia
- Year Built: 1939
- Stories: 2
- Living Area: 3,100 SqFt
- MLS Number: 2505051
- MLS Name: NOMAR
- Office Name: Keller Williams Realty New Orleans
- Office Phone: (504) 862-0100
- Office Email: klrw125@kw.com
- Listing Agent: Chris Smith
- Agent Phone: (504) 231-2004
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Last updated on: 6/6/2025, 3:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$725,000
3445 Magnolia St
$8,609
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 26, 2022 | Home Sold | $545,000 |
| Feb 22, 2019 | Home Sold | $250,000 |
| Oct 17, 2014 | Home Sold | $50,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $48,060 | $- |
| 2022 | $21,500 | $- |
| 2021 | $22,500 | $- |
| 2020 | $22,500 | $3,271 |
| 2019 | $6,680 | $1,009 |
| 2018 | $6,680 | $1,029 |
| 2017 | $6,680 | $982 |
History based on county public records data.
Nearby schools
1
Noble Minds
Public Charter KG-5
2.0 mi
•1333 S Carrollton Ave
2
McDonogh No.26 Elementary School
Public District PK-5
2.8 mi
•1200 Jefferson St
7
Ruppel Academie Francaise
Public District PK-4
2.8 mi
•815 Huey P Long Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $12,622. Residents of New Orleans, LA typically earn less than $<35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
91%
<35k
9%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
56%
Single, No Kids
29%
Single, with Kids
8%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
5%
12-17 yrs old
33%
18-34 yrs old
29%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Hiking/backpacking
Where do the neighbors shop?
Burlington
H&M
Bloomingdales
Where do the neighbors go to eat?
White Castle
Boston Market
Popeyes
What do the neighbors drive?
Kia
Honda
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3445 Magnolia St
The listing price of 3445 Magnolia St property is $725,000.
The property 3445 Magnolia St is a multi located in New Orleans, Louisiana, 70115.
Active Listing: 3445 Magnolia St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3445 Magnolia St are: Noble Minds (GreatSchools Rating 1/10), McDonogh No.26 Elementary School (GreatSchools Rating 2/10), Ruppel Academie Francaise (GreatSchools Rating 7/10), Kipp Central City (GreatSchools Rating 4/10), Samuel J. Green Charter School (GreatSchools Rating 6/10), Wilson Charter School (GreatSchools Rating 4/10), Walter L. Cohen College Preparatory (GreatSchools Rating 2/10), Rooted School (GreatSchools Rating 2/10), Eleanor Mcmain Secondary School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2020 is $3,271 (source: MLS/based on county public records data).
The last sale was on January 26, 2022 for $545,000 (source: MLS/tax record).
The property 3445 Magnolia St is 3,100 SqFt (source: MLS/tax record).
The year of construction for 3445 Magnolia St is 1939.
This home is located at 3445 Magnolia St in New Orleans, LA and zip code 70115 in the Milan neighborhood. This 3,100 square foot home was built in 1939. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 4, 2025 and is currently priced at $725,000.
In May 2025 more than 32 listings in New Orleans, LA were sold above the asking price. During the same period more than 62 listings were sold at asking price, while more than 221 were sold below. The inventory of homes for sale in New Orleans, LA between April and May 2025 increased by 9.6%. In May 2025 median list price was $328,910 and the average listing age was 67 days.
From Rocket Homes Real Estate and based on county public records data.