Two-Unit Residential
New
For Sale
$299,900
2008 10 Josephine St, New Orleans, LA 70113
Each residence has one bedroom and one bathroom, with matching layouts across the property.
Property Size2,369 SF
Price / SF$126.59
Days on Market7
Property Features for 2008 10 Josephine St
General Information
Standard status
Active
Size
2,369 SF
Property subtype
Multi-Family
Building Details
Year Built
1965
Listing Agency:
Boyd Realtors, LLC
Listed By:
Kristen Young-Boyd
(504) 400-3945
Source:
Fiorellaavenue
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 7 at 5:01PM
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 Boyd Realtors, LLC
Investment Insights
Based on property information with market context.
This New Orleans duplex contains two residences, each arranged with one bedroom and one bathroom. The property totals 2,369 square feet and was built in 1965.
Key Highlights
- Two residences, each with one bedroom and one bathroom
- 2,369 square feet total
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,572
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,440
$551.4K
Cap Rate 7%
$393,886
$393.9K
Cap Rate 9%
$306,356
$306.4K
Market Conditions
NOI Build-Up for 2,369 SF
Gross rent
$55.2K $23.28/SF
− Vacancy
−$5.0K −$2.12/SF
EGI
$50.1K $21.16/SF
− OpEx
−$22.6K −$9.52/SF
NOI
$27.6K $11.64/SF
Area
New Orleans, LA
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,440
Cap Rate 7%
$393,886
Cap Rate 9%
$306,356
Alternative Uses
Best Use
Multifamily LT 5
$428.5K
$375.0K – $500.0K
NOI $29,997 @ 7.0% cap · market cap 10.00%
Second Best
Apartment 5plus
$393.9K
$344.7K – $459.5K
NOI $27,572 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$602.1K
$526.9K – $702.5K
NOI $42,148 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,501
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has one bedroom and one bathroom, with matching layouts across the property.
Where is this duplex located?
The property is located at 2008 10 Josephine St New Orleans, LA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two residences, each with one bedroom and one bathroom; 2,369 square feet total; Built in 1965
