Two-Unit Duplex for
For Sale
$340,000
Pending
2606 AUGUSTA Street, Kenner, LA 70062
MULTI_FAMILY - Kenner, LA
Property Size2,109 SF
Days on Market66
Property Features for 2606 AUGUSTA Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Patio and Porch features
Porch
Exterior features
Porch
Lot features
Regular
Standard status
Pending
APN
1
Size
2,109 SF
Taxes and HOA fees
Tax Description
Lot 36 A SQ 164 Sec 7 Lincoln Manor
Legal Description
Lot 36 A SQ 164 Sec 7 Lincoln Manor
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 455-0100
Listed By:
Josue Soto · License #995695778
(504) 669-8822
Added: May 27
Changed: Jul 9
Last Checked: Jul 31 at 2:06AM
MLS# 2559958
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.
This 3-year-young duplex contains two separate 3-bedroom, 2-bath units with an estimated total of 2,109 square feet of living space. Each unit features an open layout, dedicated laundry, and ample off-street parking designed to support everyday tenant convenience. The property is being offered for sale as a duplex investment or owner-occupant option.
Per the seller’s information, both units are leased on a month-to-month basis at $1,400 per unit. That results in $2,800 per month in stated rental income. The property is located in Kenner with convenient access to shopping, dining, schools, and major roads.
For investors, the current month-to-month tenancy structure may appeal to buyers looking to retain existing occupants while maintaining flexible lease terms. For owner-occupants, the two-unit setup can support living in one unit while renting the other, with dedicated in-unit laundry and off-street parking already in place for tenant use. Because the listing provides unit-level bedroom and bathroom counts and the current rent structure, buyers and brokers can underwrite the property with clear, directly stated inputs.
Per the seller’s information, both units are leased on a month-to-month basis at $1,400 per unit. That results in $2,800 per month in stated rental income. The property is located in Kenner with convenient access to shopping, dining, schools, and major roads.
For investors, the current month-to-month tenancy structure may appeal to buyers looking to retain existing occupants while maintaining flexible lease terms. For owner-occupants, the two-unit setup can support living in one unit while renting the other, with dedicated in-unit laundry and off-street parking already in place for tenant use. Because the listing provides unit-level bedroom and bathroom counts and the current rent structure, buyers and brokers can underwrite the property with clear, directly stated inputs.
Key Highlights
- 2023‑built duplex with approx. 2,109 total living SF (two 3BR/2BA units)
- Both units are leased month‑to‑month at $1,400 each for $2,800/month total income
- Central heating and central A/C
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 | $36.2k | $17.16 |
| − Vacancy | −$3.1k | −$1.48 |
| EGI | $33.1k | $15.68 |
| − OpEx | −$9.9k | −$4.70 |
| NOI | $23.1k | $10.97 |
2,109 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.6K
$289.3K – $385.8K
NOI $23,145 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$309.1K
$270.5K – $360.6K
NOI $21,636 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$556.4K
$486.9K – $649.2K
NOI $38,949 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Explore this area
Business Placement
Demographics for 70062, LA
16,627
Population
6,679
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
77%
High-School Grad
7.1 sq mi
ZIP Area
2,342
Density / Sq Mi
$55,293
Median Household Income
$33,499
Median Earnings
$1,150
Median Rent
$197,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A 3-year-young duplex with two leased 3BR/2BA units, dedicated laundry, and off-street parking in Kenner, Louisiana.
Where is this duplex located?
The property is located at 2606 AUGUSTA Street Kenner, 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: 2023‑built duplex with approx. 2,109 total living SF (two 3BR/2BA units); Both units are leased month‑to‑month at $1,400 each for $2,800/month total income; Central heating and central A/C
