Historic Duplex with Pocket
New
For Sale
$299,000
1928 30 Josephine St, New Orleans, LA 70113
Period hardwood floors and decorative cornices give this two-unit property distinctive architectural character.
Property Size1,759 SF
Price / SF$169.98
Days on Market4
Property Features for 1928 30 Josephine St
General Information
Standard status
Active
Size
1,759 SF
Property subtype
Multi-Family
Building Details
Year Built
1917
Listing Agency:
Tuxor Realty
(713) 893-5580
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Oct 16
Last Checked: Oct 19 at 7:22AM
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 Tuxor Realty
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Investment Insights
Based on property information with market context.
Built in 1917, this 1,759-square-foot duplex retains hardwood flooring, pocket doors, and decorative cornices. Its historic architectural details distinguish the two-unit property, which is located in Flood Zone X.
The property is near neighborhood restaurants, St. Charles Avenue and Jackson Avenue parade routes, the CBD, and Magazine Street. Bike and car access provide connections to these nearby destinations.
The property is near neighborhood restaurants, St. Charles Avenue and Jackson Avenue parade routes, the CBD, and Magazine Street. Bike and car access provide connections to these nearby destinations.
Key Highlights
- 1,759‑square‑foot duplex built in 1917
- Historic details include hardwood floors, pocket doors, and decorative cornices
- Flood Zone X
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,273
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,460
$445.5K
Cap Rate 7%
$318,186
$318.2K
Cap Rate 9%
$247,478
$247.5K
Market Conditions
NOI Build-Up for 1,759 SF
Gross rent
$34.8K $19.80/SF
− Vacancy
−$3.0K −$1.71/SF
EGI
$31.8K $18.09/SF
− OpEx
−$9.5K −$5.43/SF
NOI
$22.3K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,460
Cap Rate 7%
$318,186
Cap Rate 9%
$247,478
Alternative Uses
Best Use
Multifamily LT 5
$318.2K
$278.4K – $371.2K
NOI $22,273 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$292.5K
$255.9K – $341.2K
NOI $20,473 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$447.1K
$391.2K – $521.6K
NOI $31,296 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,565
Businesses Nearby
Explore this area
Business Placement
Demographics for 70113, LA
8,569
Population
5,512
Households
1.6
Avg Household Size
37
Median Age
27%
College-Educated
74%
High-School Grad
0.9 sq mi
ZIP Area
9,521
Density / Sq Mi
$36,897
Median Household Income
$31,126
Median Earnings
$960
Median Rent
$258,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Period hardwood floors and decorative cornices give this two-unit property distinctive architectural character.
Where is this duplex located?
The property is located at 1928 30 Josephine St New Orleans, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,759‑square‑foot duplex built in 1917; Historic details include hardwood floors, pocket doors, and decorative cornices; Flood Zone X
