Historic Victorian Shotgun
522-52 Verret Street New Orleans, LA 70114
522-52 Verret Street, New Orleans, LA, 70114
$345,000
For Sale
$345,000
Algiers Point duplex with ornate details and income potential.
Property Size1,820 SF
Price / SF$189.56
Days on Market160
Property Features for 522-52 Verret Street
General Information
- Standard status
- Active
- Size
- 1,820 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1900
Listing Agency
KELLER WILLIAMS REALTY 455-0100
(504) 444-6640
Listed by
Sybil Orr · License #000077143
(504) 444-6640
Source
Compass
Added: Feb 7 Checked: Jul 17 at 3:32 am
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 KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
This historic Victorian shotgun double, located in Algiers Point, features ornate brackets and a freshly painted exterior. The property contains two units, each with central A/C and heat and individual utility meters, though water is on a single source. A wrought iron fence fronts the raised home, which has a covered concrete front porch. Solid wood entry doors open into interiors featuring wood floors, decorative fireplace mantels, 12-foot high ceilings, spacious rooms, and ample windows. Bedrooms include large closets for storage. The owner has maintained the property diligently. The courtyard in the back features a shade tree, storage shed, and fenced backyard. The second unit has 10-foot ceilings and attic access. Both units share similar floorplans. Situated on a paved street in a quiet location, the property is within walking distance of a grocery store, school, parks, the levee, and the ferry landing. The property is located in an area with many homeowners. It is suitable as a rental property or for owner occupancy with rental income. Historic tax credits may be available at both the state and federal levels. The property size is 1820 square feet and contains 4 bedrooms and 2 bathrooms.
Key Highlights
- Historic Victorian Shotgun Double (4bed/2bath) in Algiers Point, suitable for rental income or owner‑occupied with rental potential.
- Walking distance to grocery store, school, parks, levee, and ferry landing in a quiet, established neighborhood.
- Each unit has central A/C and heat, individually metered utilities, and similar floorplans.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $19.80 |
| − Vacancy | −$3.1k | −$1.71 |
| EGI | $32.9k | $18.09 |
| − OpEx | −$9.9k | −$5.43 |
| NOI | $23.0k | $12.66 |
1,820 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$329.2K
$288.1K – $384.1K
NOI $23,046 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$302.6K
$264.8K – $353.1K
NOI $21,183 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$462.6K
$404.8K – $539.7K
NOI $32,381 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Algiers Point duplex with ornate details and income potential.
Where is this duplex located?
The property is located at 522-52 Verret Street New Orleans, LA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Historic Victorian Shotgun Double (4bed/2bath) in Algiers Point, suitable for rental income or owner‑occupied with rental potential.; Walking distance to grocery store, school, parks, levee, and ferry landing in a quiet, established neighborhood.; Each unit has central A/C and heat, individually metered utilities, and similar floorplans.
