Income Duplex For
316 Farrar Avenue Kenner, LA 70062
316 Farrar Avenue, Kenner, LA, 70062
$168,900
For Sale
$168,900
Duplex for sale in Kenner, part of a larger portfolio that also includes nearby duplexes and buildable lots.
Property Size1,460 SF
Price / SF$115.68
Days on Market58
Property Features for 316 Farrar Avenue
General Information
- Standard status
- Active
- Size
- 1,460 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1963
Listing agency
Keller Williams Realty Services
(985) 789-8717
Listed by
Gregg Tepper · License #995700267
(985) 789-8717
Source
Compass
Added: May 26 Updated: Jul 21 at 12:44PM Checked: Jul 22 at 9:31AM
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 Keller Williams Realty Services
Investment Insights
Based on property information with market context.
This income duplex is offered for sale at 316 Farrar Avenue in Kenner. The property is positioned as part of a broader portfolio, with nearby duplexes and buildable lots available as part of a discounted package offering.
The duplex is described as being within walking distance to the river and River Town, and it is surrounded by convenient everyday amenities including public transportation, grocery stores, and gas stations.
For buyers evaluating a multi-property strategy, the seller notes this opportunity can be paired with additional portfolio holdings through the available package option.
The duplex is described as being within walking distance to the river and River Town, and it is surrounded by convenient everyday amenities including public transportation, grocery stores, and gas stations.
For buyers evaluating a multi-property strategy, the seller notes this opportunity can be paired with additional portfolio holdings through the available package option.
Key Highlights
- Duplex built in 1963 with 4 total bedrooms and 2 full bathrooms
- Single‑story construction with vinyl siding and asphalt shingle roof
- Pillar/post/pier foundation; includes a porch
Local 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
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex for sale in Kenner, part of a larger portfolio that also includes nearby duplexes and buildable lots.
Where is this duplex located?
The property is located at 316 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 with 4 total bedrooms and 2 full bathrooms; Single‑story construction with vinyl siding and asphalt shingle roof; Pillar/post/pier foundation; includes a porch
