Well-Maintained Brick
2908 KENTUCKY Avenue Kenner, LA 70065
New
2908 KENTUCKY Avenue, Kenner, LA, 70065
$525,000
For Sale
$525,000
MULTI_FAMILY - Kenner, LA
Property Size4,000 SF
Price / SF$131.25
Days on Market2
Property Features for 2908 KENTUCKY Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Driveway
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 0920017784
- Size
- 4,000 SF
Taxes and HOA fees
- Tax Description
- Lot 8-A SQ 288 Westlake 10908 641
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 2
- Number of units
- 4
- Architectural style
- Other
Listing Agency
Homesmart Realty South
(504) 908-7653
3131 N I-10 Service Rd, #101, New Orleans, LA
Listed by
Ingrid Garvey · License #995695960
(504) 908-5037
Added: Jul 17 Checked: Jul 18 at 3:06 am
MLS# 2568104
Listing URL
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 well-maintained brick 4-plex offers four units with in-unit laundry hookups. The two-story layout places bedrooms on the upper floor, with a large den area that flows conveniently to the kitchen. The property is described as never flooded and includes a termite contract.
Located in Kenner, the building provides plenty of parking and is served by existing unit occupancy, including two very long-term tenants. Please do not disturb or approach tenants, and note there is no sign on the property.
Overall, the configuration supports a straightforward owner-occupant or investor setup, with separate rental income from three units while maintaining on-site access to the remaining unit.
Located in Kenner, the building provides plenty of parking and is served by existing unit occupancy, including two very long-term tenants. Please do not disturb or approach tenants, and note there is no sign on the property.
Overall, the configuration supports a straightforward owner-occupant or investor setup, with separate rental income from three units while maintaining on-site access to the remaining unit.
Key Highlights
- Well‑maintained brick 4‑plex built in 1975
- Never flooded, per seller remarks
- Central heating and central air
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
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-maintained brick 4-plex in Kenner with in-unit laundry hookups, two-story layouts, and ample parking.
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: Well‑maintained brick 4‑plex built in 1975; Never flooded, per seller remarks; Central heating and central air
