Duplex with Fenced
New
For Sale
$195,000
2714-16 PANAMA Street, Kenner, LA 70062
Multi-Family, Traditional, Kenner, LA
Property Size1,685 SF
Lot Size0.11 Acres
Price / SF$115.73
Days on Market6
Property Features for 2714-16 PANAMA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Lot features
Regular
Standard status
Active
APN
0920019440
Size
1,685 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
LOT 48 49 50 SQ 100 SEC 5 VETERANS HEIGHTS
Legal Description
LOT 48 49 50 SQ 100 SEC 5 VETERANS HEIGHTS
Utilities
Cooling system
Window Unit(s)
Water source
Public
Amenities
fenced backyard
concrete patio area
off-street parking
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
1 Percent Lists Legacy
(504) 499-0047
Listed By:
Richard Miley
(985) 265-2046
Added: Sep 9
Last Checked: Sep 14 at 12:06PM
MLS# 2576461
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 1,685-square-foot duplex contains two separate living units, each with its own entrance, kitchen, bathroom, and generously sized bedrooms. The brick property was built in 1986 and includes durable flooring in many living areas, window-unit cooling, driveway parking, and a fenced backyard with a concrete patio. A shingle roof was installed in 2021.
Located at 2714-16 Panama Street in Kenner, the property is near shopping, dining, schools, and major thoroughfares. Public water service supports the two-unit residential configuration, while the 0.1102-acre lot provides outdoor space and off-street parking.
Located at 2714-16 Panama Street in Kenner, the property is near shopping, dining, schools, and major thoroughfares. Public water service supports the two-unit residential configuration, while the 0.1102-acre lot provides outdoor space and off-street parking.
Key Highlights
- Two separate living units with private entrances
- 1,685 square feet on a 0.1102‑acre lot
- Each unit includes a kitchen, bathroom, and bedrooms
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
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Open 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
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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?
Duplex - Two separate residences offer private entry, individual kitchens and baths, driveway parking, and flexible occupancy options.
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 separate living units with private entrances; 1,685 square feet on a 0.1102‑acre lot; Each unit includes a kitchen, bathroom, and bedrooms
