9-Unit Apartment
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 Market55
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
Central Air, Window Unit(s)
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) 250-0059
Added: Aug 14
Changed: Sep 14
Last Checked: Oct 7 at 11:06AM
MLS# 2572485
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, with each residence configured as a two-bedroom, one-bath unit. Individual entrances, assigned parking, a courtyard, and fencing add practical site features. Central heating is complemented by a mix of central air and window unit cooling. Public water service and separate gas, water, and electric meters support distinct utility measurement for the units.
Built in 1960, the property is located in Kenner near major thoroughfares, shopping, dining, and the New Orleans International Airport. Eight of the nine units are occupied, providing an established operating base for a multifamily owner.
Built in 1960, the property is located in Kenner near major thoroughfares, shopping, dining, and the New Orleans International Airport. Eight of the nine units are occupied, providing an established operating base for a multifamily owner.
Key Highlights
- 9‑unit apartment property with 6,572 square feet on 0.3444 acres
- Each unit includes 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
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Nine residences offer two-bedroom, one-bath layouts with individual entrances 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: 9‑unit apartment property with 6,572 square feet on 0.3444 acres; Each unit includes 2 bedrooms and 1 bathroom; 8 of 9 units are occupied
