2808 22 JOSEPHINE ST, New Orleans, LA 70113
2808 22 JOSEPHINE ST, New Orleans, LA 70113
2808 22 JOSEPHINE ST, New Orleans, LA 70113
2808 22 JOSEPHINE ST, New Orleans, LA 70113
2808 22 JOSEPHINE ST, New Orleans, LA 70113
2808 22 JOSEPHINE ST, New Orleans, LA 70113
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 999,000
Est. payment | /mo

16 Beds

16 Baths

6,600 SqFt

Save
$ 999,000
Est. payment | /mo
Save

16 Beds

16 Baths

6,600 SqFt

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,600 sqft

Price per Sqft $151

MLS Listing ID 2582319

Style Other

Bedrooms 16

Full Baths 16

Construction Status Average Condition

HOA Y/N No

Year Built 1973

Property Sub-Type Apartment

Property Description

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.

Location

State LA

County Orleans

Interior

Heating Window Unit

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features Three or more Spaces

Water Access Desc Public

Roof Type Shingle

Building

Lot Description 1 to 5 Acres, City Lot, Rectangular Lot

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories One

Construction Status Average Condition

Others

Tax ID per assessor

Acceptable Financing Bond For Deed, Owner May Carry

Listing Terms Bond For Deed, Owner May Carry

Special Listing Condition None

Nearby Locations

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from N’Awlins Realty Boutique, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Contact Us

+1(504) 495-8499

Go tour this home

2808 22 JOSEPHINE ST