9-Unit Apartment
For Sale
$1,200,000
2222 FLORIDA Avenue, Kenner, LA 70062
Nine two-bedroom residences offer individual entrances, separate utility metering, and on-site parking.
Property Size6,572 SF
Days on Market55
Property Features for 2222 FLORIDA Avenue
General Information
Standard status
Active
Size
6,572 SF
Property subtype
Apartment
Units
Unit Mix
9 x 2BR/1BA
Multifamily Units
9
Additional Details
Utilities to Site
Yes
Building Details
Building Size
6,572 SF
Year Built
1960
Listing Agency:
Amanda Miller Realty, LLC
Listed By:
Amanda Miller · License #995687438
(504) 250-0059
Source:
Burkbrokerage
Added: Aug 14
Changed: Sep 22
Last Checked: Oct 5 at 11:50PM
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 Amanda Miller Realty, LLC
Investment Insights
Based on property information with market context.
This 9-unit apartment property was built in 1960 and contains nine two-bedroom, one-bath residences. Individual entrances support a straightforward residential layout, while on-site parking adds convenience for occupants. Gas, water, and electric service are separately metered for each unit.
Eight of the nine units are occupied and collecting rent. The property is in Kenner, near major thoroughfares, shopping, dining, and the New Orleans International Airport.
Eight of the nine units are occupied and collecting rent. The property is in Kenner, near major thoroughfares, shopping, dining, and the New Orleans International Airport.
Key Highlights
- 9‑unit apartment property built in 1960
- Each unit includes 2 bedrooms and 1 bathroom
- 8 of 9 units are occupied and collecting rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,422
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,348,440
$1.3M
Cap Rate 7%
$963,171
$963.2K
Cap Rate 9%
$749,133
$749.1K
Market Conditions
NOI Build-Up for 6,572 SF
Gross rent
$134.9K $20.52/SF
− Vacancy
−$12.3K −$1.87/SF
EGI
$122.6K $18.65/SF
− OpEx
−$55.2K −$8.39/SF
NOI
$67.4K $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%
$1,348,440
Cap Rate 7%
$963,171
Cap Rate 9%
$749,133
Alternative Uses
Best Use
Apartment 5plus
$963.2K
$842.8K – $1.12M
NOI $67,422 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,372 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
9
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,104
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?
Apartment building - Nine two-bedroom residences offer individual entrances, separate utility metering, and on-site parking.
Where is this apartment building located?
The property is located at 2222 FLORIDA Avenue Kenner, LA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 9‑unit apartment property built in 1960; Each unit includes 2 bedrooms and 1 bathroom; 8 of 9 units are occupied and collecting rent
