Two-Unit Craftsman
For Sale
$340,000
522 VERRET Street, New Orleans, LA 70114
Multifamily, New Orleans, LA
Property Size1,820 SF
Lot Size0.08 Acres
Price / SF$186.81
Days on Market226
Property Features for 522 VERRET Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2
Patio and Porch features
Porch
Directions
from opelousas turn right onto sequin, go 1 block turn right onto eliza ,go 1 block turn right onto verret
Standard status
Active
APN
513109316
Size
1,820 SF
Lot size
0.08 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Description
SQ 93 LOT 19 31 X 114/116 522/524 VERRET
Legal Description
SQ 93 LOT 19 31 X 114/116 522/524 VERRET
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
covered concrete front porch
courtyard
storage shed
fenced backyard
Building Details
Year built
1900
Number of units
2
Building materials
Concrete, HardiPlank Type, Wood Siding
Architectural style
Craftsman
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY 4550100
(504) 455-0100
Listed By:
Sybil A Orr · License #000077143
(504) 444-6640
Added: Mar 12
Changed: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# 2547345
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1900, this 1,820-square-foot duplex contains two residences with similar floor plans and a combined four bedrooms and two bathrooms. Both units have wood floors, central heating and air conditioning, and individual utility meters; water is supplied through one meter. The property also includes a covered front porch, a fenced rear yard, a courtyard with a shade tree, and a storage shed.
The 0.0838-acre parcel is on a paved street in New Orleans. A grocery store, school, parks, the levee, and a ferry landing are within walking distance. Public water and sewer serve the property.
The 0.0838-acre parcel is on a paved street in New Orleans. A grocery store, school, parks, the levee, and a ferry landing are within walking distance. Public water and sewer serve the property.
Key Highlights
- Two units with similar floor plans; combined total of 4 bedrooms and 2 bathrooms
- 1,820 square feet on a 0.0838‑acre lot
- Built in 1900; Craftsman architectural style
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.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate central heating and air conditioning serve each residence, with utilities individually metered except for water.
Where is this duplex located?
The property is located at 522 VERRET Street 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: Two units with similar floor plans; combined total of 4 bedrooms and 2 bathrooms; 1,820 square feet on a 0.0838‑acre lot; Built in 1900; Craftsman architectural style
