522 VERRET Street, New Orleans, LA 70114
MULTI_FAMILY - New Orleans, LA
- Added:
- Mar 12, 2026
- Days on Market:
- 93
- Last Refresh:
- Jun 12 at 3:06 am
Property Features for 522 VERRET Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Patio and Porch features
- Porch
- Exterior features
- Courtyard, Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 513109316
- Size
- 1,820 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Description
- SQ 93 LOT 19 31 X 114/116 522/524 VERRET
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Number of units
- 2
- Architectural style
- Other
Listing agent Sybil Orr License #000077143 (504) 669-8822
Listing office KELLER WILLIAMS REALTY 455-0100 3500 N Causeway Blvd Suite 350, Metairie, LA (504) 455-0100
Listing date Mar 12, 2026
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Historic Victorian Shotgun Double in Algiers Point: A rare find with ornate brackets and freshly painted exterior.
- Two Units with Individual Utilities: Excellent for rental income or owner‑occupied with separate metering for energy efficiency.
- Prime Location: Walking distance to grocery store, school, parks, levee, and ferry landing in a quiet neighborhood.
- Well‑Maintained with Modern Amenities: Includes energy‑efficient windows, central A/C and heat on each side, and updated features.
- Spacious Interiors: Features beautiful wood floors, decorative fireplace mantels, 12‑foot high ceilings (10‑foot in second unit), and large closets.
- Outdoor Space: Includes a courtyard with shade tree, storage shed, and fenced backyard.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Orleans
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.050528
- Latitude
- 29.950372