Historic Victorian Shotgun
For Sale
$340,000
522 52 Verret St, New Orleans, LA 70114
Two-unit residence with separate utilities, period details, private outdoor space, and central HVAC serving each side.
Property Size1,820 SF
Price / SF$186.81
Days on Market91
Property Features for 522 52 Verret St
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Amenities
covered front porch
courtyard
storage shed
fenced backyard
Building Details
Year Built
1900
Buildings
1
Construction
Victorian
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
Listed By:
Sybil Orr · License #000077143
(504) 207-2007
Source:
Fiorellaavenue
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 7 at 1:05PM
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
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Investment Insights
Based on property information with market context.
This 1,820-square-foot duplex, built in 1900, contains two units with similar floor plans and a combined 4 bedrooms and 2 bathrooms. The raised residence features wood flooring, decorative fireplace mantels, high ceilings, large closets, solid wood entry doors, and energy-efficient windows. Central air conditioning and heat serve each unit, while electrical utilities are individually metered and water is supplied through one source.
Exterior features include a covered concrete front porch, wrought iron fencing, a rear courtyard with a shade tree, a storage shed, and a fenced backyard. The second unit adds attic access and a recently painted interior, while the exterior has also been freshly painted. The property sits on a paved street in Algiers Point, within walking distance of a grocery store, school, parks, the levee, and the ferry landing. State and federal historic tax credits may be available.
Exterior features include a covered concrete front porch, wrought iron fencing, a rear courtyard with a shade tree, a storage shed, and a fenced backyard. The second unit adds attic access and a recently painted interior, while the exterior has also been freshly painted. The property sits on a paved street in Algiers Point, within walking distance of a grocery store, school, parks, the levee, and the ferry landing. State and federal historic tax credits may be available.
Key Highlights
- Duplex with 1,820 square feet, 4 bedrooms, and 2 bathrooms
- 1900 construction with Victorian detailing and raised‑home design
- Central A/C and heat installed in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,046
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,920
$460.9K
Cap Rate 7%
$329,229
$329.2K
Cap Rate 9%
$256,067
$256.1K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$36.0K $19.80/SF
− Vacancy
−$3.1K −$1.71/SF
EGI
$32.9K $18.09/SF
− OpEx
−$9.9K −$5.43/SF
NOI
$23.0K $12.66/SF
Area
New Orleans, LA
Vacancy
8.64%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,920
Cap Rate 7%
$329,229
Cap Rate 9%
$256,067
Alternative Uses
Best Use
Multifamily LT 5
$329.2K
$288.1K – $384.1K
NOI $23,046 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$302.6K
$264.8K – $353.1K
NOI $21,183 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$462.6K
$404.8K – $539.7K
NOI $32,381 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
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Business Placement
Demographics for 70114, LA
23,127
Population
11,860
Households
2
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,535
Density / Sq Mi
$41,435
Median Household Income
$31,743
Median Earnings
$1,113
Median Rent
$194,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residence with separate utilities, period details, private outdoor space, and central HVAC serving each side.
Where is this duplex located?
The property is located at 522 52 Verret St New Orleans, LA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Duplex with 1,820 square feet, 4 bedrooms, and 2 bathrooms; 1900 construction with Victorian detailing and raised‑home design; Central A/C and heat installed in each unit
