Two-Unit Duplex with Fenced
New
For Sale
$269,900
2020 22 Kentucky Ave, Kenner, LA 70062
Separate outdoor areas, laundry connections, and driveway parking serve both residences.
Property Size2,302 SF
Price / SF$117.25
Days on Market3
Property Features for 2020 22 Kentucky Ave
General Information
Standard status
Active
Size
2,302 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
washer and dryer hook ups
separate fenced yards
off-street/driveway parking
Building Details
Year Built
1960
Buildings
1
Tenancy
Multi
Listing Agency:
Boyd Realtors, LLC
(504) 533-8701
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 7 at 2:20PM
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 Boyd Realtors, LLC
Investment Insights
Based on property information with market context.
This duplex contains two distinct residences totaling 2,302 square feet. One offers two bedrooms and one bathroom, with a kitchen that includes a range/oven and dishwasher, a dining area, and a living room. The second has three bedrooms and two full bathrooms, a combined living and dining area, and a kitchen with a range/oven and dishwasher. Its primary bedroom is spacious, and the primary bathroom has double vanities and a shower. Both units include washer and dryer hookups, separate fenced yards, and off-street driveway parking. The building dates to 1960.
The property is in Kenner, between West Metairie and West Napoleon Avenues, one block west of Roosevelt Boulevard. Veterans Memorial Boulevard and I-10 are accessible nearby, with restaurants, shopping options, and Louis Armstrong International Airport in the surrounding area.
The property is in Kenner, between West Metairie and West Napoleon Avenues, one block west of Roosevelt Boulevard. Veterans Memorial Boulevard and I-10 are accessible nearby, with restaurants, shopping options, and Louis Armstrong International Airport in the surrounding area.
Key Highlights
- Two residences totaling 2,302 square feet
- Unit 2020: 2 bedrooms, 1 bathroom, dining area, and living room
- Unit 2022: 3 bedrooms, 2 full bathrooms, and combined living‑dining area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,616
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,320
$472.3K
Cap Rate 7%
$337,371
$337.4K
Cap Rate 9%
$262,400
$262.4K
Market Conditions
NOI Build-Up for 2,302 SF
Gross rent
$47.2K $20.52/SF
− Vacancy
−$4.3K −$1.87/SF
EGI
$42.9K $18.65/SF
− OpEx
−$19.3K −$8.39/SF
NOI
$23.6K $10.26/SF
Area
Jefferson County, LA
Vacancy
9.10%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$472,320
Cap Rate 7%
$337,371
Cap Rate 9%
$262,400
Alternative Uses
Best Use
Multifamily LT 5
$360.9K
$315.8K – $421.1K
NOI $25,263 @ 7.0% cap · market cap 9.36%
Second Best
Apartment 5plus
$337.4K
$295.2K – $393.6K
NOI $23,616 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$607.3K
$531.4K – $708.6K
NOI $42,513 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
644
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate outdoor areas, laundry connections, and driveway parking serve both residences.
Where is this duplex located?
The property is located at 2020 22 Kentucky Ave Kenner, LA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two residences totaling 2,302 square feet; Unit 2020: 2 bedrooms, 1 bathroom, dining area, and living room; Unit 2022: 3 bedrooms, 2 full bathrooms, and combined living‑dining area
