Leased Quadplex with 2BR
308 Duke Drive Kenner, LA 70065
For Sale
$450,000
Four fully leased 2-bedroom, 2-bath units make up this quadplex property.
Property Size3,872 SF
Price / SF$116.22
Days on Market476
Property Features for 308 Duke Drive
General Information
- Standard status
- Active
- Size
- 3,872 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1981
Listing Agency:
Zhanka Realty LLC
(504) 335-8081
Listed By:
Zaiyin Su · License #995714528
(504) 335-8081
Source:
Compass
Added: Apr 5, 2025
Changed: Jul 23
Last Checked: Jul 23 at 6:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zhanka Realty LLC
Investment Insights
Based on property information with market context.
This quadplex consists of four units, each configured with 2 bedrooms and 2 bathrooms. The property is described as fully leased, presenting an income-producing residential setup for an owner.
The asset is offered for sale as a residential income property under the provided terms. Further details on unit layout variations, building condition, and financing or expense history are not included in the information provided.
With 4 total units and an overall property size listed at 3,872, this building is positioned as a straightforward, multi-unit rental opportunity based on the current occupancy status described.
The asset is offered for sale as a residential income property under the provided terms. Further details on unit layout variations, building condition, and financing or expense history are not included in the information provided.
With 4 total units and an overall property size listed at 3,872, this building is positioned as a straightforward, multi-unit rental opportunity based on the current occupancy status described.
Key Highlights
- Quadplex with 4 fully leased 2‑bedroom, 2‑bath units
- 8 bedrooms and 8 full bathrooms total
- Built in 1981; 2‑story brick construction with slab foundation
Financial Insights For Apartment 5plus
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 | $79.5k | $20.52 |
| − Vacancy | −$7.2k | −$1.87 |
| EGI | $72.2k | $18.65 |
| − OpEx | −$32.5k | −$8.39 |
| NOI | $39.7k | $10.26 |
3,872 SF · lease $20.52/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$607.0K
$531.2K – $708.2K
NOI $42,492 @ 7.0% cap · market cap 9.44%
Second Best
Apartment 5plus
$567.5K
$496.5K – $662.1K
NOI $39,723 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$1.02M
$893.9K – $1.19M
NOI $71,508 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Grool Pets
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Quadplex - Four fully leased 2-bedroom, 2-bath units make up this quadplex property.
Where is this quadplex located?
The property is located at 308 Duke Drive Kenner, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Quadplex with 4 fully leased 2‑bedroom, 2‑bath units; 8 bedrooms and 8 full bathrooms total; Built in 1981; 2‑story brick construction with slab foundation
