Residential Duplex with Expansion
For Sale
Contact for pricing
Pending
306 Jackson Street, Kenner, LA 70062
Cash-flowing duplex with two 2-bed, 1-bath units on an oversized 50-by-192 lot.
Property Size1,500 SF
Lot Size0.22 Acres
Days on Market39
Property Features for 306 Jackson Street
General Information
Standard status
Pending
Size
1,500 SF
Lot size
0.22 Acres
Property subtype
Multifamily, Mixed Use, Special Purpose
Zoning
C-1
Occupancy
100%
Investment Type
Redevelopment
Additional Details
Multifamily Units
2
Building Details
Year Built
1968
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
United Real Estate Partners LLC
(504) 234-7815
Listed By:
Gina Norris · License #LA995701712
Source:
Crexi
Added: Jul 15
Changed: Aug 14
Last Checked: Aug 14 at 7:47AM
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 United Real Estate Partners LLC
Investment Insights
Based on property information with market context.
The property at 306–308 Jackson St is configured as a cash-flowing residential duplex with two units, each offering 2 bedrooms and 1 bathroom. The existing 1,500 sq. ft. structure sits on an oversized 50 x 192 lot, providing room to expand the current residential layout.
Under Kenner’s C-1 rules, pre-existing residential structures or multi-family uses corresponding to R-3 parameters are legally allowed to continue operating or renting. If you choose to convert away from residential use, the C-1 zoning permits the 1,500 sq. ft. structure to transition into small-scale, low-impact neighborhood business uses, including professional offices, neighborhood retail, and medical or personal services such as small clinics, beauty salons, and barber shops.
Under Kenner’s C-1 rules, pre-existing residential structures or multi-family uses corresponding to R-3 parameters are legally allowed to continue operating or renting. If you choose to convert away from residential use, the C-1 zoning permits the 1,500 sq. ft. structure to transition into small-scale, low-impact neighborhood business uses, including professional offices, neighborhood retail, and medical or personal services such as small clinics, beauty salons, and barber shops.
Key Highlights
- Cash‑flowing residential duplex with 2 units, each 2 bed / 1 bath
- $1,300 rent per unit noted (two units)
- 50‑by‑192 oversized lot with room to expand the existing residential layout
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
$16,461
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
6.95%
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%
$329,220
$329.2K
Cap Rate 7%
$235,157
$235.2K
Cap Rate 9%
$182,900
$182.9K
Market Conditions
NOI Build-Up for 1,500 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
$25.7K $17.16/SF
− Vacancy
−$2.2K −$1.48/SF
EGI
$23.5K $15.68/SF
− OpEx
−$7.1K −$4.70/SF
NOI
$16.5K $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%
$329,220
Cap Rate 7%
$235,157
Cap Rate 9%
$182,900
Alternative Uses
Best Use
Multifamily LT 5
$235.2K
$205.8K – $274.4K
NOI $16,461 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$219.8K
$192.4K – $256.5K
NOI $15,388 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$395.7K
$346.3K – $461.7K
NOI $27,702 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
533
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
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Frequently Asked Questions
What type of property is this?
Duplex - Cash-flowing duplex with two 2-bed, 1-bath units on an oversized 50-by-192 lot.
Where is this duplex located?
The property is located at 306 Jackson Street Kenner, LA.
What is the asking price?
The asking price for this property is $237,000.
What are key features of this property?
This property features: Cash‑flowing residential duplex with 2 units, each 2 bed / 1 bath; $1,300 rent per unit noted (two units); 50‑by‑192 oversized lot with room to expand the existing residential layout
