1418 Josephine St, New Orleans, LA 70130

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.