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906 Verret St, New Orleans, LA, 70114

8beds
4baths
4,339sqft
$350,000
$81price/sqft
$2,943/moest. monthly cost
$117,720/yrincome needed

About This Home

Unlock exceptional income potential with this charming four-unit property in desirable New Orleans. Each unit features 2 bedrooms and 1 bathroom—8 total bedrooms, 4 total bathrooms across the entire building. True investor's gem. With four separate rental units, you're looking at strong cash flow opportunities and diversified income streams. Whether you're building your portfolio or expanding your holdings, this property delivers. The upstairs porch adds character and potential outdoor living space—perfect for tenants or future upgrades. The classic New Orleans architecture gives this property authentic charm and neighborhood appeal. One unit is renovated and occupied. Two units ready for occupancy. One requires minor improvements and it is ready to roll. Smart investors know: adding value through selective improvements drives rental rates and property appreciation. Can easily rent for $1200/unit now. Perfect for the hands-on investor or property manager looking to maximize returns. Schedule your showing today and start building your real estate wealth.

Getting Around

73
WalkingVery Walkable
43
TransitSome Transit
69
BikeBikeable

Construction

Condition

  • Property condition: Average Condition
  • Year built: 1966

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Quadruplex,Multi Family,Multi Family

Interior

Appliances

  • Laundry features: Laundry Room

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4
  • Full bathrooms: 4

Heating & Cooling

  • Heating features: Window Unit
  • Cooling features: Window Unit(s)

Interior Area

  • Total interior livable area: 4,339 sqft

Property

Details

  • Parcel number: 513205402
  • Special condition: None

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Porch
  • Exterior features: Porch

Lot

  • Lot size: 4,081 sqft
  • Features: City Lot,Rectangular Lot
  • Lot size dimensions: 32 x 130

Parking

  • Total spaces: 3
  • Parking features: Driveway,Three or more Spaces
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Heat Wave
Tsunami

FEMA Declared Disasters Across Louisiana Counties

Flood
Hurricane
Other
Severe Storm
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$599$7,188
Property Taxes $247$2,964
Electricity $328$3,936
Total$2,943$35,316
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$100,902/yr
40% on housing$88,290/yr
45% on housing$78,480/yr

Louisiana FAIR Plan Programs

Louisiana Citizens Property Insurance Corporation

Covered
WildfireWildfire
Visit Website →

Louisiana Citizens Property Insurance Corporation - Coastal Plan

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 151,075Commercial: 10,572
Total Premiums$518.28M
Total Exposure$41.71B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 5.3%
5.3%
0%15.0%
Property Taxes Growth Rate2-year average: 4.1%
4.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$81This listing

vs Other Active Listings

Avg $/sqft

ZIP 70114$136
Orleans Parish$177

vs Homes Sold Last Month

Median $/sqft

ZIP 70114$139
Orleans Parish$199

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-20Price change$350,000
2026-02-14Listed for sale$400,000

For Sale by Agent

AgentGregg Tepper
BrokerageKeller Williams Realty Services

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