9-Unit Apartment
For Sale
$1,200,000
2222 FLORIDA Avenue, Kenner, LA 70062
Multifamily, Kenner, LA
Property Size6,572 SF
Lot Size0.34 Acres
Price / SF$182.59
Days on Market73
Property Features for 2222 FLORIDA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
18
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 3, Bedroom 2, Bedroom 13, Bathroom 9, Bathroom 7, Bedroom 7, Bedroom 14, Bedroom 16, Bedroom 12, Bedroom 10, Bedroom 17, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 15, Bedroom 5, Bedroom 4, Bedroom 8, Bathroom 4, Bedroom 6, Bathroom 8, Bathroom 3, Bedroom 11, Bedroom 18, Bathroom 6, Bathroom 1, Bedroom 9
Parking features
Assigned
Standard status
Active
APN
0920022450
Size
6,572 SF
Lot size
0.34 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
gas, water, electricity
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
on-site parking
Building Details
Year built
1960
Number of units
9
Building materials
Brick
Listing Agency:
Amanda Miller Realty, LLC
(504) 302-4610
Listed By:
Amanda Craft Miller · License #995687438
(504) 250-0059
Added: Aug 14
Changed: Oct 24
Last Checked: Oct 25 at 11:06AM
MLS# 2572485
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1960, this 6,572-square-foot brick apartment property contains nine units on 0.3444 acres. Each apartment has a two-bedroom, one-bathroom layout and an individual entrance. Eight of the nine units are occupied. Gas, water, and electric service are separately metered. Heating is central; cooling includes central air and window units. Assigned parking is provided on site.
The property is in Kenner, near major thoroughfares, shopping, dining, and the New Orleans International Airport. Public water and sewer serve the site, and natural gas is available.
The property is in Kenner, near major thoroughfares, shopping, dining, and the New Orleans International Airport. Public water and sewer serve the site, and natural gas is available.
Key Highlights
- Nine apartments, each with two bedrooms and one bathroom
- 6,572 square feet on 0.3444 acres; built in 1960
- Eight of nine 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.
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Property Analytics
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Lease Details
9
Residential units
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
Frequently Asked Questions
What type of property is this?
Apartment building - Apartments feature two bedrooms, one bathroom, separate utility meters, and assigned 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: Nine apartments, each with two bedrooms and one bathroom; 6,572 square feet on 0.3444 acres; built in 1960; Eight of nine units are occupied
