1005 Josephine Street, New Orleans, LA 70130
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
Listed by: cameron b. griffin, bryce a danna-marullo
Office: bridgewater realty advisors
MLS#:2577898
Source:ROAM
Price summary
- Price:$1,150,000
- Price per sq. ft.:$195.51
About this home
1005 Josephine Street is a six unit multifamily building in the LGD between Constance and Magazine. It is two stories with about 5,882 square feet on a roughly 33 by 108 foot lot. Built in 1913 and fully renovated in 2007. The building keeps its wood siding, wraparound balcony, and courtyard.There are three one bedroom units, two two bedroom units, and one three bedroom unit. Units average about 980 square feet. Several have private balconies. Tenants share a large patio and an on site laundry room. Each unit has its own electric and gas meter paid by the tenant. Ownership pays water only.The property sits one block off Magazine Street, around the corner from St. Mary’s Assumption and the St. Alphonsus Art and Cultural Center. Jackson Avenue, the Lower Garden District, and the St. Charles streetcar are a short walk. The Central Business District is a few minutes downriver.Asking price is $1,150,000. That is about $191,667 per unit and $195.51 per square foot. Current income is about $103,800 a year, which is a 5.59% cap rate and 11.08 times gross rent. Some units rent below market. If those come up to market at normal turnover, gross income is about $117,120. That would be a 6.62% cap rate and 9.82 times gross. That upside is ordinary make ready work, not a big renovation.All measurements, income figures, cap rates, multipliers, and other property information are as provided to the listing broker. Buyers and their agents must independently verify all information....
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Home facts
- Year built:1992
- Listing ID #:2577898
- Added:54 day(s) ago
- Updated:November 12, 2026 at 04:13 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:10
- Full bathrooms:8
- Half bathrooms:2
- Living area:5,882 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Year built:1992
- Building area:5,882 sq. ft.
- Lot area:0.08 Acres
- Construction Materials:Wood Siding
- Foundation Description:Slab
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,150,000
- Price per sq. ft.:$195.51
Features and amenities
- Laundry features:Electric Dryer Hookup, In Unit
Parking
- Parking description:None
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