Renovated Double with Short-Term
1906 JOSEPHINE Street New Orleans, LA 70113
1906 JOSEPHINE Street, New Orleans, LA, 70113
$550,000
For Sale
$550,000
Fully renovated duplex with HU-MU zoning and active commercial short-term rental licenses on both units.
Property Size1,840 SF
Price / SF$298.91
Days on Market105
Property Features for 1906 JOSEPHINE Street
General Information
- Standard status
- Active
- Size
- 1,840 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2015
Listing agency
Remax Crescent Collective LLC
(504) 202-6736
Listed by
John Hendrix · License #995719267
(504) 202-6736
Source
Xome
Added: Apr 9 Updated: Jul 21 at 2:52AM Checked: Jul 22 at 3:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Crescent Collective LLC
Investment Insights
Based on property information with market context.
This renovated duplex offers active commercial short-term rental licenses on both units. The property was fully renovated in 2015 with updated electrical, plumbing, HVAC systems, an Energy Star-rated roof, durable cement siding, tankless gas water heaters, and modernized kitchens and bathrooms. Interior features include original pine flooring and a functional, non-shotgun layout designed to support livability.
The property is located just steps from Oretha Castle Haley Boulevard and approximately four blocks from St. Charles Avenue, in a commercially zoned setting under HU-MU zoning. Buyer to confirm all future uses of the property.
The property is located just steps from Oretha Castle Haley Boulevard and approximately four blocks from St. Charles Avenue, in a commercially zoned setting under HU-MU zoning. Buyer to confirm all future uses of the property.
Key Highlights
- HU‑MU zoning duplex with active commercial short‑term rental licenses on both units
- Fully renovated duplex in 2015 with updated electrical, plumbing, HVAC, and Energy Star‑rated roof
- Tankless gas water heaters and durable cement siding
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.4k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $33.3k | $18.09 |
| − OpEx | −$10.0k | −$5.43 |
| NOI | $23.3k | $12.66 |
1,840 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$332.8K
$291.2K – $388.3K
NOI $23,299 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$305.9K
$267.7K – $356.9K
NOI $21,415 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$467.7K
$409.2K – $545.6K
NOI $32,737 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully renovated duplex with HU-MU zoning and active commercial short-term rental licenses on both units.
Where is this duplex located?
The property is located at 1906 JOSEPHINE Street New Orleans, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: HU‑MU zoning duplex with active commercial short‑term rental licenses on both units; Fully renovated duplex in 2015 with updated electrical, plumbing, HVAC, and Energy Star‑rated roof; Tankless gas water heaters and durable cement siding
