Investment alert!!! Exceptional opportunity to own this fully occupied, seven unit townhome style, multifamily property, offering immediate income and long term investment potential. Each unit offers spacious living areas and functional floor plans. With all seven units currently leased, this turnkey property provides immediate cash flow from day one. Bonus opportunity, the five unit multi family building next door is also available for purchase, creating a rare opportunity to acquire a twelve unit investment portfolio.
For sale
$629,900
157 S Verret St, Morgan City, LA 70380
9beds
--baths
10,112sqft
Multi Family
Built in ----
-- sqft lot
$257,100 Zestimate®
$62/sqft
$-- HOA
What's special
Functional floor plans
- 1 day |
- 43 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Kim Haines,
COASTAL REALTY GROUP 985-787-3200
Source: ROAM MLS,MLS#: 2026015047
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
Heating
- Central, Natural Gas
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Range/Oven
Features
- Flooring: Vinyl, Carpet
Interior area
- Total structure area: 10,112
- Total interior livable area: 10,112 sqft
Property
Parking
- Total spaces: 14
Features
- Patio & porch: Porch
Lot
- Size: 0.44 Acres
- Dimensions: 180 x 107
Details
- Parcel number: 352422103500
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Siding, Stucco Siding, Vinyl Siding, Brick, Frame
- Foundation: Slab
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Marvin Garden
Location
- Region: Morgan City
Financial & listing details
- Price per square foot: $62/sqft
- Tax assessed value: $276,010
- Annual tax amount: $3,018
- Price range: $629.9K - $629.9K
- Date on market: 8/14/2026
- Listing terms: Cash
Estimated market value
$257,100
$183,000 - $347,000
$1,366/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Listed for sale | $629,900$62/sqft |
Source:  ROAM MLS #2026015047 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,018 +9% | $27,601 |
| 2024 | $2,770 +9.7% | $27,601 +9.7% |
| 2023 | $2,524 | $25,158 |
| 2022 | $2,524 | $25,158 |
| 2021 | $2,524 | $25,158 |
| 2020 | $2,524 +7.9% | $25,158 +5.8% |
| 2019 | $2,340 +0.5% | $23,775 |
| 2018 | $2,328 -0.4% | $23,775 |
| 2017 | $2,336 | $23,775 |
| 2016 | $2,336 +1.7% | $23,775 +5.2% |
| 2015 | $2,296 -0.9% | $22,600 |
| 2014 | $2,318 | $22,600 |
| 2013 | $2,318 | $22,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Amelia
Nearby schools
GreatSchools rating
- 8/10J.S. Aucoin Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 3/10Morgan City Junior High SchoolGrades: 6-8Distance: 6.6 mi
- 6/10Morgan City High SchoolGrades: 9-12Distance: 6.9 mi
Schools provided by the listing agent
- District: St Mary Parish
Source: ROAM MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
