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$ 1,150,000
Est. payment /mo
Price Dropped by $100K
1418 JOSEPHINE ST New Orleans, LA 70130
8 Beds
7 Baths
3,676 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Multifamily 5+
Listing Status Active
Purchase Type For Sale
Square Footage 3,676 sqft
Price per Sqft $312
MLS Listing ID 2572908
Style Victorian
Bedrooms 8
Full Baths 7
HOA Y/N No
Year Built 1920
Lot Dimensions 36 x 159
Property Sub-Type Multifamily 5+
Source ROAM MLS
Land Area 3676
Property Description
Ideally situated in New Orleans' highly coveted Garden District, this exceptional seven-unit multifamily property offers a rare opportunity to own a beautifully renovated income-producing asset in one of the city's most desirable neighborhoods. Located within walking distance of Magazine Street, Prytania Street, and St. Charles Avenue, the property places residents in the heart of the Garden District lifestyle, surrounded by acclaimed restaurants, boutique shopping, historic architecture, and convenient access to the city's iconic streetcar line.The property underwent a comprehensive renovation in 2019, thoughtfully preserving its historic character while introducing modern conveniences and updated finishes throughout. Set on an impressive 36' x 159' lot, the property features an unusually deep lot with a generous rear yard—an uncommon and valuable amenity in this highly sought-after area.The seven residences offer a versatile mix of studio, one-bedroom, and two-bedroom floor plans, providing flexibility for a variety of rental demands. Each unit features a kitchen equipped with stainless steel appliances, including a refrigerator, dishwasher, range/oven, and microwave. All units are equipped with central air conditioning, while in-unit laundry is provided throughout, with the exception of the two studio apartments, which share a conveniently located washer and dryer on the first floor beneath the staircase.From an operational standpoint, the property offers attractive utility separation, with electricity and water separately metered for each unit, helping streamline management and expense allocation.Combining historic New Orleans character, thoughtful renovation, a desirable unit mix, separate utilities, and an exceptional Garden District location, this property presents a compelling opportunity for investors seeking a well-positioned multifamily asset with enduring neighborhood appeal.
Location
State LA
County Orleans
Interior
Cooling Central Air
Flooring Wood
Fireplace No
Laundry In Unit, Electric Dryer Hookup
Exterior
Parking Features None
Utilities Available Natural Gas Not Available
Garage No
Building
Foundation Raised
Water Public
Architectural Style Victorian
New Construction No
Others
Tax ID 1418-JosephineST
Virtual Tour https://www.propertypanorama.com/instaview/roam/2572908
Listed by Valmont Realtors
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