Updated Quadplex with On-Site
For Sale
$435,000
300 Duke Dr, Kenner, LA 70065
Four residential units offer renovated interiors, private parking, and convenient interstate access.
Property Size3,353 SF
Price / SF$129.73
Days on Market31
Property Features for 300 Duke Dr
General Information
Standard status
Active
Size
3,353 SF
Property subtype
Multi-Family
Building Details
Year Built
1976
Listing Agency:
Realty One Group Immobilia
(504) 208-0515
Listed By:
Mary Dana Dandry · License #995689184
Source:
Dominionplace
Added: Aug 1
Changed: Aug 29
Last Checked: Aug 30 at 8:06PM
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 Realty One Group Immobilia
Investment Insights
Based on property information with market context.
This four-unit residential property contains 3,353 square feet and was built in 1976. Interior improvements include fresh drywall on ceilings, walls, and doors, laminate wood flooring in living areas and bedrooms, tiled bathrooms, updated cabinetry, granite kitchen countertops, and newer appliances. The units also feature generously sized bedrooms and spacious closets.
Exterior work includes a four-year-old roof along with recently replaced soffits, fascia, and gutters. Private off-street parking is available on both sides of the complex. A new on-site laundry facility, reserved for residents, includes a washer and dryer serving all four units.
The property is located at 300 Duke Dr in Kenner, Louisiana, with access to the interstate nearby.
Exterior work includes a four-year-old roof along with recently replaced soffits, fascia, and gutters. Private off-street parking is available on both sides of the complex. A new on-site laundry facility, reserved for residents, includes a washer and dryer serving all four units.
The property is located at 300 Duke Dr in Kenner, Louisiana, with access to the interstate nearby.
Key Highlights
- Four‑unit property with 3,353 square feet, built in 1976
- Four‑year‑old roof with recently replaced soffits, fascia, and gutters
- Renovated interiors include laminate flooring, tiled bathrooms, granite counters, cabinetry, and updated appliances
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
$36,796
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
8.46%
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%
$735,920
$735.9K
Cap Rate 7%
$525,657
$525.7K
Cap Rate 9%
$408,844
$408.8K
Market Conditions
NOI Build-Up for 3,353 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
$57.5K $17.16/SF
− Vacancy
−$5.0K −$1.48/SF
EGI
$52.6K $15.68/SF
− OpEx
−$15.8K −$4.70/SF
NOI
$36.8K $10.97/SF
Area
Jefferson County, LA
Vacancy
8.64%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
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%
$735,920
Cap Rate 7%
$525,657
Cap Rate 9%
$408,844
Alternative Uses
Best Use
Multifamily LT 5
$525.7K
$460.0K – $613.3K
NOI $36,796 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$491.4K
$430.0K – $573.3K
NOI $34,398 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$884.6K
$774.0K – $1.03M
NOI $61,923 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 70065, LA
51,484
Population
21,890
Households
2.4
Avg Household Size
40
Median Age
32%
College-Educated
87%
High-School Grad
8.0 sq mi
ZIP Area
6,436
Density / Sq Mi
$65,899
Median Household Income
$41,058
Median Earnings
$1,123
Median Rent
$255,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer renovated interiors, private parking, and convenient interstate access.
Where is this quadplex located?
The property is located at 300 Duke Dr Kenner, LA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Four‑unit property with 3,353 square feet, built in 1976; Four‑year‑old roof with recently replaced soffits, fascia, and gutters; Renovated interiors include laminate flooring, tiled bathrooms, granite counters, cabinetry, and updated appliances
