Historic Victorian Shotgun
522 VERRET Street New Orleans, LA 70114
522 VERRET Street, New Orleans, LA, 70114
$345,000
For Sale
$345,000
MULTI_FAMILY - New Orleans, LA
Property Size1,820 SF
Lot Size0.08 Acres
Price / SF$189.56
Days on Market129
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 Agency
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
3500 N Causeway Blvd Suite 350, Metairie, LA
Listed by
Sybil Orr · License #000077143
(504) 669-8822
Added: Mar 12 Checked: Jul 18 at 4:06 am
MLS# 2547345
Listing URL
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.
Investment Insights
Based on property information with market context.
Located in Algiers Point, this historic Victorian Shotgun Double features ornate brackets and a freshly painted exterior. The property, a rare find, includes energy-efficient windows and central A/C and heat for each side, with utilities metered individually, and water on one source. A wrought iron fence fronts the raised home, which has a covered concrete front porch and sturdy railings. Solid wood entry doors open to wood floors, decorative fireplace mantels, and 12-foot high ceilings, with spacious rooms and windows. Bedrooms feature large closets. The owner has maintained the property. The courtyard in back has a shade tree, storage shed, and fenced backyard. The second unit has 10-foot ceilings and attic access, and has been freshly painted. Both units have similar floorplans. Situated on a paved street, the location is within walking distance to a grocery store, school, parks, levee, and ferry landing. The property, with a size of 1820 square feet and a lot size of 0.0838 acres, is located in a quiet area with many homeowners on the block. It is suitable for rental or owner occupancy. Historic tax credits may be available at both the state and federal levels. Financing options are available. The property is ready to move into or rent.
Key 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.
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 double with ornate brackets and updated features.
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 $345,000.
What are key features of this property?
This property features: 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.
