Kenner Multifamily Investment
For Sale
$1,200,000
2222 FLORIDA Avenue, Kenner, LA 70062
MULTI_FAMILY - Kenner, LA
Property Size6,572 SF
Lot Size0.34 Acres
Price / SF$182.59
Days on Market354
Property Features for 2222 FLORIDA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Parking features
Assigned
Exterior features
Courtyard, Fence
Fencing
Fenced
Lot features
Regular
Standard status
Active
APN
0920022450
Size
6,572 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
LOTS 13 THRU 17 & 7.5' ALLEY SQ 458 HIGHWAY PK
Legal Description
LOTS 13 THRU 17 & 7.5' ALLEY SQ 458 HIGHWAY PK
Utilities
Heating system
Central
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Number of units
9
Listing Agency:
Amanda Miller Realty, LLC
(504) 302-4610
Listed By:
Amanda Miller · License #995687438
(504) 302-4610
Added: Aug 12, 2025
Changed: Jul 9
Last Checked: Jul 31 at 3:06AM
MLS# 2515425
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 nine-unit multifamily property in Kenner, Louisiana, presents a significant investment opportunity. The property is located near major thoroughfares, shopping, dining, and the New Orleans International Airport. Each unit features a two-bedroom, one-bathroom layout designed for functionality and tenant appeal, with individual entrances and a practical layout. On-site parking is available for residents. The property is situated in a location that ensures high rental demand. Currently, seven of the nine units are occupied, generating a total rent of $7,750. The building has separate gas, water, and electric meters. The property, situated on a 0.3444-acre lot, has a building size of 6,572 square feet. This property offers the chance to own in a thriving rental market.
Key Highlights
- 9‑unit multifamily property; all units are 2 bed, 1 bath units
- 7 of 9 units are occupied and collecting total rent of $7,750
- Central heating with window unit(s) and central air cooling
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 | $134.9k | $20.52 |
| − Vacancy | −$12.3k | −$1.87 |
| EGI | $122.6k | $18.65 |
| − OpEx | −$55.2k | −$8.39 |
| NOI | $67.4k | $10.26 |
6,572 SF · lease $20.52/SF/yr · vacancy 9.10% · expense 45.00%
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
Property Profile
Current Use
Lease Details
9
Residential units
77.8%
Occupancy
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine-unit multifamily property in Kenner with strong rental income potential.
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 multifamily property; all units are 2 bed, 1 bath units; 7 of 9 units are occupied and collecting total rent of $7,750; Central heating with window unit(s) and central air cooling
