Brick Duplex with Fenced
New
For Sale
$195,000
2714-16 Panama Street, Kenner, LA 70062
Two separate residences include private kitchens, baths, entrances, and off-street parking.
Property Size1,685 SF
Price / SF$115.73
Days on Market4
Property Features for 2714-16 Panama Street
General Information
Standard status
Active
Size
1,685 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
private entrances
fenced backyard
concrete patio
Building Details
Year Built
1986
Construction
brick
Listing Agency:
1 Percent Lists Legacy
Listed By:
Richard Miley · License #MILERTRE
(985) 265-2046
Source:
Thepuckettteam
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 13 at 4:51AM
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 1 Percent Lists Legacy
Investment Insights
Based on property information with market context.
Built in 1986, this 1,685-square-foot brick duplex contains two distinct living units, each with its own entrance, kitchen, bathroom, living area, and generously sized bedrooms. Durable flooring appears throughout many of the living spaces, supporting practical day-to-day maintenance.
The property includes off-street parking and a fenced backyard with a concrete patio. A new roof was installed in 2021. Located at 2714-16 Panama Street in Kenner, the duplex is near shopping, dining, schools, and major thoroughfares. The two-unit layout can accommodate separate occupants while preserving individual living areas and private access.
The property includes off-street parking and a fenced backyard with a concrete patio. A new roof was installed in 2021. Located at 2714-16 Panama Street in Kenner, the duplex is near shopping, dining, schools, and major thoroughfares. The two-unit layout can accommodate separate occupants while preserving individual living areas and private access.
Key Highlights
- Two‑unit brick duplex with separate entrances
- 1,685 square feet; built in 1986
- Private kitchen and bath areas in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,286
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$345,720
$345.7K
Cap Rate 7%
$246,943
$246.9K
Cap Rate 9%
$192,067
$192.1K
Market Conditions
NOI Build-Up for 1,685 SF
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.
Gross rent
$34.6K $20.52/SF
− Vacancy
−$3.1K −$1.87/SF
EGI
$31.4K $18.65/SF
− OpEx
−$14.1K −$8.39/SF
NOI
$17.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$345,720
Cap Rate 7%
$246,943
Cap Rate 9%
$192,067
Alternative Uses
Best Use
Multifamily LT 5
$264.2K
$231.1K – $308.2K
NOI $18,491 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$246.9K
$216.1K – $288.1K
NOI $17,286 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$444.6K
$389.0K – $518.7K
NOI $31,119 @ 7.0% cap · market cap 15.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
883
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include private kitchens, baths, entrances, and off-street parking.
Where is this duplex located?
The property is located at 2714-16 Panama Street Kenner, LA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two‑unit brick duplex with separate entrances; 1,685 square feet; built in 1986; Private kitchen and bath areas in each unit
