Renovated Duplex With Off-Street
For Sale
$340,000
147 49 Bonner Street, Kenner, LA 70062
Fully occupied duplex with two 3-bedroom, 1-bath units, each with in-unit washer/dryer and off-street parking.
Property Size2,800 SF
Days on Market127
Property Features for 147 49 Bonner Street
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
custom cabinetry
quartz counters
stainless steel appliances
washer/dryer in each unit
off street parking
Building Details
Building Size
2,800 SF
Year Built
1985
Stories
1
Listing Agency:
Compass Historic (Latt09)
(225) 205-8552
Listed By:
Micah Loewenthal · License #000026722
(225) 205-8552
Source:
Nolalivingrealty
Added: Apr 18
Changed: Aug 8
Last Checked: Aug 22 at 2:07PM
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 Compass Historic (Latt09)
Investment Insights
Based on property information with market context.
This renovated duplex offers a turnkey income-producing setup, with two separate units. Each side includes three bedrooms and one bathroom, and both units have their own washer/dryer. Recent improvements described in the remarks include a roof, HVAC, plumbing, electrical, kitchens and baths, along with custom cabinetry, quartz counters, and stainless steel appliances.
The property is located on a dead-end street with off-street parking. The remarks also note the property is in Flood Zone X.
Available configurations allow an investor-style ownership of a fully occupied rental property, or the option to live in one side while renting the other.
The property is located on a dead-end street with off-street parking. The remarks also note the property is in Flood Zone X.
Available configurations allow an investor-style ownership of a fully occupied rental property, or the option to live in one side while renting the other.
Key Highlights
- Fully occupied duplex with two 3‑bedroom, 1‑bath units (3BR/1BA on each side).
- Renovation a couple years old including roof, HVAC, plumbing, and electrical.
- Both units updated with kitchens and baths featuring custom cabinetry, quartz counters, and stainless steel appliances.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,728
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,560
$614.6K
Cap Rate 7%
$438,971
$439.0K
Cap Rate 9%
$341,422
$341.4K
Market Conditions
NOI Build-Up for 2,800 SF
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.
Gross rent
$48.0K $17.16/SF
− Vacancy
−$4.2K −$1.48/SF
EGI
$43.9K $15.68/SF
− OpEx
−$13.2K −$4.70/SF
NOI
$30.7K $10.97/SF
Area
Jefferson County, LA
Vacancy
8.64%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,560
Cap Rate 7%
$438,971
Cap Rate 9%
$341,422
Alternative Uses
Best Use
Multifamily LT 5
$439.0K
$384.1K – $512.1K
NOI $30,728 @ 7.0% cap · market cap 9.04%
Second Best
Apartment 5plus
$410.4K
$359.1K – $478.8K
NOI $28,725 @ 7.0% cap · market cap 8.45%
Theoretical Best
Office A
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
497
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 - Fully occupied duplex with two 3-bedroom, 1-bath units, each with in-unit washer/dryer and off-street parking.
Where is this duplex located?
The property is located at 147 49 Bonner 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: Fully occupied duplex with two 3‑bedroom, 1‑bath units (3BR/1BA on each side).; Renovation a couple years old including roof, HVAC, plumbing, and electrical.; Both units updated with kitchens and baths featuring custom cabinetry, quartz counters, and stainless steel appliances.
