Well-Maintained Brick
2908 Kentucky Avenue Kenner, LA 70065
2908 Kentucky Avenue, Kenner, LA, 70065
$525,000
For Sale
$525,000
Well-maintained brick fourplex with in-unit laundry hookups, plenty of parking, and two-story layouts.
Property Size4,000 SF
Price / SF$131.25
Days on Market8
Property Features for 2908 Kentucky Avenue
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1975
Listing agency
Homesmart Realty South
(504) 884-7777
Listed by
Ingrid Garvey · License #995695960
(504) 884-7777
Source
Compass
Added: Jul 14 Updated: Jul 21 at 4:06AM Checked: Jul 21 at 4:06AM
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 Homesmart Realty South
Investment Insights
Based on property information with market context.
This well-maintained brick 4-plex offers a practical income setup with units arranged over two stories. The layout includes bedrooms on the upper floor and a large den area that flows conveniently to the kitchen. Laundry hookups are available in the units, supporting everyday residential convenience.
The property is described as conveniently located in Kenner and is noted as never flooded. The offering includes plenty of parking, and the remarks indicate a termite contract in place. The building is occupied, and prospective buyers are asked not to disturb or approach tenants, and there is no sign on the property.
The property is described as conveniently located in Kenner and is noted as never flooded. The offering includes plenty of parking, and the remarks indicate a termite contract in place. The building is occupied, and prospective buyers are asked not to disturb or approach tenants, and there is no sign on the property.
Key Highlights
- Brick 4‑plex built in 1975 with 4 full bathrooms and 8 total bedrooms across the units
- Central air and central heating; slab foundation and brick construction
- In‑unit laundry hookups (in unit laundry features listed)
Local 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 | $68.6k | $17.16 |
| − Vacancy | −$5.9k | −$1.48 |
| EGI | $62.7k | $15.68 |
| − OpEx | −$18.8k | −$4.70 |
| NOI | $43.9k | $10.97 |
4,000 SF · lease $17.16/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$627.1K
$548.7K – $731.6K
NOI $43,897 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$586.2K
$513.0K – $683.9K
NOI $41,036 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$1.06M
$923.4K – $1.23M
NOI $73,872 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained brick fourplex with in-unit laundry hookups, plenty of parking, and two-story layouts.
Where is this quadplex located?
The property is located at 2908 Kentucky Avenue Kenner, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Brick 4‑plex built in 1975 with 4 full bathrooms and 8 total bedrooms across the units; Central air and central heating; slab foundation and brick construction; In‑unit laundry hookups (in unit laundry features listed)
