9-Unit Apartment
For Sale
$1,200,000
2222 FLORIDA Avenue, Kenner, LA 70062
Commercial, Kenner, LA
Property Size6,572 SF
Lot Size0.34 Acres
Price / SF$182.59
Days on Market55
Property Features for 2222 FLORIDA Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Parking features
Assigned
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
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Listing Agency:
Amanda Miller Realty, LLC
(504) 302-4610
Listed By:
Amanda Miller · License #995687438
(504) 250-0059
Added: Aug 14
Changed: Sep 4
Last Checked: Oct 7 at 9:06AM
MLS# 2572471
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 9-unit apartment property contains 6,572 square feet on 0.3444 acres. Each residence is configured with two bedrooms and one bathroom, with individual entrances and assigned parking. The improvements date to 1960 and are served by public water. Separate gas, water, and electric meters support distinct utility service for the units.
Located in Kenner, the property is near major thoroughfares, shopping, dining, and the New Orleans International Airport. Eight of the nine units are occupied, providing an established operating profile. The property carries C-2 zoning and is situated at 2222 Florida Avenue.
Located in Kenner, the property is near major thoroughfares, shopping, dining, and the New Orleans International Airport. Eight of the nine units are occupied, providing an established operating profile. The property carries C-2 zoning and is situated at 2222 Florida Avenue.
Key Highlights
- 9‑unit apartment property with 6,572 square feet
- Each unit offers 2 bedrooms and 1 bathroom
- 8 of 9 units are occupied
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 - C-2-zoned multifamily property with individual entrances, assigned parking, and separately metered utilities.
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 with 6,572 square feet; Each unit offers 2 bedrooms and 1 bathroom; 8 of 9 units are occupied
