Duplex Residential Income
314 FARRAR Avenue Kenner, LA 70062
For Sale
$168,900
MULTI_FAMILY - Kenner, LA
Property Size1,460 SF
Price / SF$115.68
Days on Market50
Property Features for 314 FARRAR Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- Size
- 1,460 SF
Taxes and HOA fees
- Tax Description
- Lot 8, SQ 7 Hanson City
Utilities
- Heating system
- Ductless (Heating), Other (Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Gregg Tepper · License #995700267
(985) 727-7000
Added: Jun 5
Changed: Jul 10
Last Checked: Jul 24 at 5:06AM
MLS# 2561582
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 duplex residential income property at 314 Farrar Avenue offers a two-unit layout designed for rental use. It is presented as part of a broader set of opportunities that includes nearby duplexes and buildable lots, allowing for a coordinated purchasing approach.
Located in Kenner, the property is described as being in South Kenner and convenient to local amenities. The remarks indicate proximity to public transportation as well as nearby grocery stores and gas stations.
For buyers or investors seeking a duplex as a starting point, this listing provides a straightforward residential income structure in a market setting with established day-to-day services nearby. The fact that the seller also offers adjacent duplexes and buildable lots may appeal to those looking to expand beyond a single property, subject to confirming availability and details with the listing broker.
Located in Kenner, the property is described as being in South Kenner and convenient to local amenities. The remarks indicate proximity to public transportation as well as nearby grocery stores and gas stations.
For buyers or investors seeking a duplex as a starting point, this listing provides a straightforward residential income structure in a market setting with established day-to-day services nearby. The fact that the seller also offers adjacent duplexes and buildable lots may appeal to those looking to expand beyond a single property, subject to confirming availability and details with the listing broker.
Key Highlights
- Duplex built in 1963
- Window unit cooling
- Ductless heating plus additional heating system
Financial Insights For Apartment 5plus
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 | $30.0k | $20.52 |
| − Vacancy | −$2.7k | −$1.87 |
| EGI | $27.2k | $18.65 |
| − OpEx | −$12.3k | −$8.39 |
| NOI | $15.0k | $10.26 |
1,460 SF · lease $20.52/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$228.9K
$200.3K – $267.0K
NOI $16,022 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$214.0K
$187.2K – $249.6K
NOI $14,978 @ 7.0% cap · market cap 8.87%
Theoretical Best
Office A
$385.2K
$337.0K – $449.4K
NOI $26,963 @ 7.0% cap · market cap 15.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - For sale duplex with a residential income setup in Kenner, positioned near everyday retail and public transportation.
Where is this duplex located?
The property is located at 314 FARRAR Avenue Kenner, LA.
What is the asking price?
The asking price for this property is $168,900.
What are key features of this property?
This property features: Duplex built in 1963; Window unit cooling; Ductless heating plus additional heating system
