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1005 Josephine Street

New Orleans, LA 70130
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Bed 10

Bed

Bath 10

Bath

SqFt5,882

Sqft

Acres0.08

Acre(Lot)

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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,150,000

AD Id : 91342945

MLS Id : 2577898

Beds : 10

Lot Size : 0.08 Acre

Living Area Size : 5,882 Sq. Ft

Year Built : 1992

County : Orleans

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Full Baths: 8 Half Baths: 2

    Roofing Information

    Shingle
  • Interior Features

    Roof: Shingle
    Laundry Features: InUnit
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1992
    Construction Materials: WoodSiding
    Stories: 2
    Patio And Porch Features: Balcony, Porch
    Pool Features: None
    Private Pool: No
  • Exterior Features

    Exterior Features: Balcony, Porch

  • Lot Information

    Lot Dimensions: 33x108 Main Square Feet: 0.08 Lot Size Acres: 0.08 Lot Description: CityLot,RectangularLot

  • Listing Price Information

    Listing Price: $1150000

  • Tax Information

    Parcel Number: 411203001 Tax Lot: 1

  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
836 34 Josephine Street, New Orleans, LA, 70130 $489,900 5 -- 2,072 0.07 Acre
1431 St. Andrew Street, New Orleans, LA, 70130 $1,200,000 11 11 5,069 0.17 Acre
1418 20 Josephine Street, New Orleans, LA, 70130 $1,150,000 8 7 3,676 --
2331 Magazine Street, New Orleans, LA, 70130 $2,520,000 16 -- 9,875 0.23 Acre

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/22/2026 @ 05:02

MLS: 2577898 LISTED BY: Cameron Griffin, Bridgewater Realty Advisors, LLC 504-901-0463 SOURCE: NOMAR

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