Duplex Investment
316 FARRAR Avenue Kenner, LA 70062
For Sale
$168,900
MULTI_FAMILY - Kenner, LA
Property Size1,460 SF
Lot Size0.11 Acres
Price / SF$115.68
Days on Market50
Property Features for 316 FARRAR Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street, Driveway
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Standard status
- Active
- APN
- 000000
- Size
- 1,460 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- Lot 9, 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 16
Last Checked: Jul 24 at 6:06AM
MLS# 2561590
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 investment property at 316 Farrar Avenue in Kenner, Louisiana offers residential income potential within a compact lot footprint. At 1,460 square feet, the property presents a straightforward duplex configuration suitable for buyers evaluating multi-family holdings.
The property is described as being within walking distance to the river and “River Town,” with convenient access to public transportation, grocery stores, and gas stations nearby. It is also offered as part of a larger portfolio, with additional nearby duplexes and buildable lots available as a discounted package.
For detailed terms and portfolio options, contact Brandon Duracher for more information.
The property is described as being within walking distance to the river and “River Town,” with convenient access to public transportation, grocery stores, and gas stations nearby. It is also offered as part of a larger portfolio, with additional nearby duplexes and buildable lots available as a discounted package.
For detailed terms and portfolio options, contact Brandon Duracher for more information.
Key Highlights
- Duplex built in 1963
- Public water
- Shingle roof
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 - Duplex on Farrar Avenue in Kenner, part of a larger portfolio that may include additional 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; Public water; Shingle roof
