1005 JOSEPHINE Street, New Orleans, LA 70130
New Listing
$1,150,000
Property Type:
MultiFamily
Square Footage:
5,882
Lot Size (sq. ft.):
3,485
Status:
Active
Current Price:
$1,150,000
List Date:
9/18/2026
Last Modified:
9/18/2026
Listing Details MLS# NO2577898
Listing Info
- Delayed Marketing
- No
- Listing Price
- 1150000
- List Price/SqFt
- 195.51
- Document Modified
- 2026-09-18 13:01:24.594939
- Modification Timestamp
- 2026-09-18T21:08:55Z
- Photo Modified
- 2026-09-18T17:56:22Z
Location Tax Legal Info
- Street Number
- 1005
- Street Name
- JOSEPHINE Street
- Parish
- Orleans
- State
- LA
- Zip Code
- 70130
- Tax Assessment Number
- 411203001
- Directions
- Bounding Streets: Magazine St & Constance St
General Property Description
- Number of Units
- 6
- Stories
- 2
- SqFt - Total
- 5882
- SqFt - Source
- Public Record
- Individual Metered?
- Yes
- Lot Dimensions
- 33x108
- Acres
- 0.08
Currently Not Used
- Acreage Range
- 0 - 0.5
Originating Details
- Originating System ID
- ROAMM
- Originating System Key
- 59800714
- Originating System Listing ID
- 2577898
- Originating System Name
- ROAM Matrix
Remarks & Misc
- Remarks
- 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.
More Information
Office/Member/Contract Info
- List AOR
- NOMAR
Siding
- Wood
- Yes
Parking
- No Parking
- Yes
Foundation
- Slab
- Yes
Exterior
- Balcony
- Yes
Patio
- Porch
- Yes
Roof
- Composition
- Yes
Heating
- Central
- Yes
Cooling
- Central Air
- Yes
Owner Pays
- Water
- Yes
Tenant Pays
- Electric
- Yes
- Gas
- Yes
Property Features
Siding:
Wood
Parking:
No Parking
Foundation:
Slab
Roof:
Composition
Heating:
Central
Cooling:
Central Air
Exterior:
Balcony
Owner Pays:
Water
Tenant Pays:
Electric; Gas
Documents
Offering Memorandum ›
IDX
Listing Office:
Bridgewater Realty Advisors, LLC
Last Updated: September - 18 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.