2808 22 Josephine Street, New Orleans, LA 70113

New Orleans
Local realty services provided by:ERA TOP AGENT REALTY
2808 22 Josephine Street,New Orleans, LA 70113
$999,000
  • 16 Beds
  • 16 Baths
  • 6,600 sq. ft.
  • Multi-family
  • Active
Listed by: bryce danna-marullo
Office: bridgewater realty advisors, llc.
MLS#:2582319
Source:LA_GSREIN

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...

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Home facts

  • Year built:1973
  • Listing ID #:2582319
  • Added:7 day(s) ago
  • Updated:October 26, 2026 at 03:33 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Full bathrooms:16
  • Living area:6,600 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Heating, Window Unit

Structure and exterior

  • Roof:Shingle
  • Year built:1973
  • Building area:6,600 sq. ft.
  • Lot Features:City Lot, Rectangular Lot
  • Construction Materials:Frame, Wood Siding
  • Foundation Description:Raised
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$999,000
  • Price per sq. ft.:$151.36

Parking

  • Parking description:Three or more Spaces

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