Three-Year-Old Duplex with Off-Street
2606-08 Augusta Street Kenner, LA 70062
For Sale
$340,000
Two leased 3BR/2BA units with dedicated laundry and off-street parking in Flood Zone X.
Property Size2,109 SF
Price / SF$161.21
Days on Market88
Property Features for 2606-08 Augusta Street
General Information
- Standard status
- Active
- Size
- 2,109 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 2023
Listing Agency:
KELLER WILLIAMS REALTY 455-0100
(504) 559-1976
Listed By:
Josue Soto · License #995695778
(504) 559-1976
Source:
Compass
Added: Apr 28
Changed: Jul 10
Last Checked: Jul 23 at 9:40AM
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 KELLER WILLIAMS REALTY 455-0100
Investment Insights
Based on property information with market context.
This three-year-young duplex includes two separate 3BR/2BA units in an open-layout configuration. Each unit has dedicated laundry, and the property offers ample off-street parking designed to support everyday tenant needs with minimal shared-use friction. The duplex is positioned as a low-maintenance residential income property.
Located in Kenner, the home is described as convenient to shopping, dining, schools, and major roads, supporting straightforward access for residents and visitors. The property is identified as being in Flood Zone X, which is a relevant consideration for many buyers evaluating long-term operating and risk factors.
For investors, both units are currently leased month-to-month at $1,400 each, for total stated rent of $2,800 per month. For owner-occupants, the duplex format can allow a live-in setup while retaining rental income. With two full 3-bedroom units and dedicated laundry included in each unit, the configuration may appeal to tenants seeking practical, self-contained layouts within a single duplex property.
Located in Kenner, the home is described as convenient to shopping, dining, schools, and major roads, supporting straightforward access for residents and visitors. The property is identified as being in Flood Zone X, which is a relevant consideration for many buyers evaluating long-term operating and risk factors.
For investors, both units are currently leased month-to-month at $1,400 each, for total stated rent of $2,800 per month. For owner-occupants, the duplex format can allow a live-in setup while retaining rental income. With two full 3-bedroom units and dedicated laundry included in each unit, the configuration may appeal to tenants seeking practical, self-contained layouts within a single duplex property.
Key Highlights
- Duplex built in 2023 with 2 units (each 3BR/2BA) and approx. 2,109 total living SF
- Both units leased month‑to‑month at $1,400 each for $2,800/month total income
- Dedicated laundry for each unit, plus open layouts
Financial Insights For Multifamily LT 5
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 | $36.2k | $17.16 |
| − Vacancy | −$3.1k | −$1.48 |
| EGI | $33.1k | $15.68 |
| − OpEx | −$9.9k | −$4.70 |
| NOI | $23.1k | $10.97 |
2,109 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.6K
$289.3K – $385.8K
NOI $23,145 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$309.1K
$270.5K – $360.6K
NOI $21,636 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$556.4K
$486.9K – $649.2K
NOI $38,949 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two leased 3BR/2BA units with dedicated laundry and off-street parking in Flood Zone X.
Where is this duplex located?
The property is located at 2606-08 Augusta Street Kenner, LA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Duplex built in 2023 with 2 units (each 3BR/2BA) and approx. 2,109 total living SF; Both units leased month‑to‑month at $1,400 each for $2,800/month total income; Dedicated laundry for each unit, plus open layouts
