2808 Josephine Street, New Orleans, LA 70113
Local realty services provided by:CENTURY 21 Buelow-Miller Realty
Listed by: bryce a danna-marullo
Office: bridgewater realty advisors
MLS#:2582319
Source:LA_CLBOR
Price summary
- Price:$999,000
- Price per sq. ft.:$151.36
About this home
Excellent opportunity to acquire a 16-unit multifamily investment property at 2808–2822 Josephine Street in New Orleans, offering an attractive combination of existing rental income, immediate lease-up potential, and a compelling rent-to-purchase-price ratio rarely found in today's market. The property consists of four separate buildings, each containing four residential units, with a mix of compact studio/one-bedroom layouts. Currently, 12 of the 16 units are occupied, providing an established income stream while offering a new owner the opportunity to implement new property management, lease the remaining four vacant, rent-ready units, and maximize the property's earning potential. The property serves the affordable housing market, with low-income rental subsidies contributing to its investment appeal. Once the remaining units are leased, the projected gross rental income totals approximately $18,350 per month (shown above), or $220,200 annually, representing an exceptionally attractive income opportunity relative to the asking price....
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Home facts
- Year built:1973
- Listing ID #:2582319
- Added:5 day(s) ago
- Updated:October 25, 2026 at 02:02 AM
Rooms and interior
- Bedrooms:16
- Total bathrooms:16
- Full bathrooms:16
- Living area:6,600 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
Structure and exterior
- Year built:1973
- Building area:6,600 sq. ft.
- Construction Materials:Frame, Wood Siding
- Foundation Description:Raised
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$999,000
- Price per sq. ft.:$151.36
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