11.6% Cap – Fully Occupied and Renovated 6-Unit Multifamily Opportunity

For Sale

1444 Japonica St, New Orleans, LA 70117

This New Orleans property for sale is located at 1444 Japonica St. The current listed sale price for 11.6% Cap – Fully Occupied and Renovated 6-Unit Multifamily Opportunity is $475,000. 11.6% Cap – Fully Occupied and Renovated 6-Unit Multifamily Opportunity is situated on a lot that is 0.08 acre in size.

Contacts

broker
Cade Williams

ELIFIN®

Property Details

  • Property Type Multi-Family
  • Property Size 2,698 SF
  • Units 6
  • Lot Size 0.08 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Mar 17, 2025
Sq 590, Lot JNow available for sale, 1444 Japonica St is a fully occupied 6-unit multifamily opportunity. The turn-key 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, expenses, 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, turn-key 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

Getting around

  • 57/100

    Walk Score ®

  • 38/100

    Transit Score ®

  • 81/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Save-A-Lot

    1.26 miles

  • Mardi Gras Zone

    1.34 miles

  • New Orleans Food Co-op

    1.44 miles

  • Robért Fresh Market

    1.66 miles

  • Faubourg Fresh Market

    1.83 miles

  • Crafts Bazaar

    1.98 miles

  • Esplanade Mini Mart (24h)

    2.00 miles

  • The Shops at Jax Brewery

    2.24 miles

  • Shops of Upper Pontalba

    2.25 miles

  • Rouses

    2.29 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Cade Williams

ELIFIN®

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