Fully Occupied and Renovated 6-Unit Multifamily Opportunity

1444 Japonica St, New Orleans, LA 70117

  • For Sale $475,000
  • Property Type Multi-Family
  • Property Size 2,698 SF
  • Units 6
  • Lot Size 0.08 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Jan 14, 2025
Sq 590, Lot JNow available for sale, 1444 Japonica St is a fully occupied 6-unit multifamily opportunity. The property was completely renovated in 2023, and features a brand new roof, AC units, water heaters, appliances, kitchen cabinets, plumbing, electrical, interior and exterior paint, and granite countertops. Plumbing has also been run to dedicated outdoor space, with the potential to add laundry facilities to generate additional income. The property currently yields an actual Net Operating Income of $55,048.44 and an 11.59% Cap Rate. Located less than ±10 minutes from I-10, the property provides convenient access to major destinations, including the French Quarter (±10 minutes) and the Central Business District (±15 minutes). Zoned HU-RD2 – Historic Urban Two-Family Residential District. ***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Access Secure Documents” above. From there, you’ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***
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Highlights

  • Fully occupied, turnkey property
  • Completely renovated in 2023 – Roofing, AC, water heaters, cabinets, plumbing, paint
  • Yields actual NOI of $55,048.44 and 11.59% Cap Rate
  • Located less than ±10 minutes from I-10 and French Quarter

Contacts

broker
Cade Williams

ELIFIN®

Location

Getting Around

  • Walk Score ®

    57/100 Somewhat Walkable

  • Transit Score ®

    38/100 Some Transit

  • Bike Score ®

    81/100 Very Bikeable
Powered by Walk Score ®
  • City New Orleans, LA
  • Neighborhood Bywater
  • Zip Code 70117
  • Market New Orleans

Points of Interest

  • Saint Claude at Elysian Fields

    1.73 miles

  • French Market

    1.80 miles

  • Saint Claude at Pauger

    1.91 miles

  • Ursulines Avenue

    1.93 miles

  • Dumaine Street

    2.07 miles

  • North Rampart at Esplanade

    2.13 miles

  • Toulouse Street

    2.23 miles

  • North Rampart at Ursulines

    2.26 miles

  • Bienville Street

    2.38 miles

  • North Rampart at Saint Ann

    2.41 miles

  • Quicky's

    1.26 miles

  • Franklin Shell

    1.33 miles

  • Shell

    1.74 miles

  • Mardi Gras Truck Stop

    2.00 miles

  • Chevron

    2.07 miles

  • Key's Fuelmart

    2.22 miles

  • Citgo

    2.23 miles

  • ChargePoint

    3.39 miles

  • The New Orleans HEaling Center Side Parking Lot

    1.46 miles

  • Pay Parking Lot

    1.75 miles

  • Hotel Monteleone Parking Garage

    2.53 miles

  • Harrah's New Orleans Parking Garage

    2.62 miles

  • Premium Parking Lot P296

    2.73 miles

  • Erato St Cruise Terminal

    2.78 miles

  • E-Z Park

    2.80 miles

  • Premium Parking Lot

    2.90 miles

  • 412 O'keefe Garage

    2.96 miles

  • Lot B

    3.05 miles

  • Federal City Inn & Suites

    1.45 miles

  • Lions Inn Bed and Breakfast New Orleans

    1.47 miles

  • Hotel Peter & Paul

    1.60 miles

  • Olde Town Inn

    1.61 miles

  • Hampton Inn New Orleans French Quarter Market Area

    1.67 miles

  • Hotel De La Monnaie

    1.77 miles

  • The Frenchmen Hotel

    1.79 miles

  • Royal Frenchmen Hotel & Bar

    1.79 miles

  • Lamothe House

    1.84 miles

  • Lamothe House Hotel

    1.88 miles

  • Botanicals Nola

    0.57 miles

  • The Joint

    0.64 miles

  • Rosalita's Backyard Tacos

    0.79 miles

  • Elizabeth's

    0.88 miles

  • Alma

    0.95 miles

  • Pizza Delicious

    0.96 miles

  • Galaxie Tacos

    0.96 miles

  • Red's Chinese

    0.99 miles

  • The Country Club

    1.00 miles

  • N7

    1.04 miles

  • Ninth Ward School

    0.18 miles

  • Saint Cecilia School

    0.41 miles

  • Ellis Marsalis Center for Music

    0.48 miles

  • Arise Academy

    0.52 miles

  • Dr Charles Richard Drew Elementary School

    0.52 miles

  • Fredrick A Douglass High School

    0.55 miles

  • Frederick Douglas Senior High

    0.55 miles

  • Saint Mary of Angels School

    0.57 miles

  • Akili Academy of New Orleans

    0.66 miles

  • Holy Angels Academy

    0.69 miles

  • Tots Daycare Center and Preschool

    0.17 miles

  • Theodore and DaShanas Bright Beginnings Learning Center

    0.33 miles

  • Miss Dees Child Care and Learning Center

    0.36 miles

  • Jackson Child Development Center

    0.37 miles

  • Stellas Tender Care Day Care Center

    0.42 miles

  • Southern Community Child Care Center

    0.44 miles

  • Ninth Ward Housing Development Corporation Day Care Center

    0.44 miles

  • Kids World of New Orleans

    0.49 miles

  • Kids Kingdom Academy and Daycare Center

    0.78 miles

  • Spears Nursery and Day Care Center

    0.87 miles

Frequently Asked Questions

How much does Fully Occupied and Renovated 6-Unit Multifamily Opportunity cost?

The space currently listed for sale at Fully Occupied and Renovated 6-Unit Multifamily Opportunity asks for $475,000.

What is the total square footage of Fully Occupied and Renovated 6-Unit Multifamily Opportunity?

Fully Occupied and Renovated 6-Unit Multifamily Opportunity totals 2,698 square feet.

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Contact Listing Broker
broker
Cade Williams

ELIFIN®