Four-Unit Brick
3708 Martinique Ave, Kenner, LA 70065
For Sale
$540,000
Two-level layout pairs assigned off-street parking with separate water and electric meters for each residence.
Property Size4,000 SF
Price / SF$135
Days on Market17
Property Features for 3708 Martinique Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Tenant in Place
Amenities
washer/dryer hookups
Building Details
Buildings
Stories
Construction
Listing Agency:
FQR Realtors
(504) 949-5400
Listed By:
Gary V Anderson · License #995700410
(504) 894-4586
Source:
Exprealty
Added: Oct 22
Changed: Nov 5
Last Checked: Nov 6 at 1:30PM
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 FQR Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,000-square-foot quadplex contains four residences, each configured with two bedrooms, one full bath, an open living area, and in-unit washer and dryer hookups. Two apartments are on the ground level and two occupy the second floor. Brick construction sits on a slab, and each residence has its own water and electric meter. Assigned off-street parking is provided for all four units.
The property is at 3708 Martinique Ave in Kenner, Louisiana. Some residences are occupied, and one vacant unit is available to view. At full rent, the property produces $5,200 per month.
The property is at 3708 Martinique Ave in Kenner, Louisiana. Some residences are occupied, and one vacant unit is available to view. At full rent, the property produces $5,200 per month.
Key Highlights
- Four units totaling 4,000 square feet
- Each apartment has 2 bedrooms and 1 full bath
- Two ground‑floor residences and two on the second level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,897
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,940
$877.9K
Cap Rate 7%
$627,100
$627.1K
Cap Rate 9%
$487,744
$487.7K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$68.6K $17.16/SF
− Vacancy
−$5.9K −$1.48/SF
EGI
$62.7K $15.68/SF
− OpEx
−$18.8K −$4.70/SF
NOI
$43.9K $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 Rate 5%
$877,940
Cap Rate 7%
$627,100
Cap Rate 9%
$487,744
Alternative Uses
Best Use
Multifamily LT 5
$627.1K
$548.7K – $731.6K
NOI $43,897 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$586.2K
$513.0K – $683.9K
NOI $41,036 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$1.06M
$923.4K – $1.23M
NOI $73,872 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
990
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
$255,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in Jefferson County, LA
Properties on Market for Quadplexes in Jefferson County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two-level layout pairs assigned off-street parking with separate water and electric meters for each residence.
Where is this quadplex located?
The property is located at 3708 Martinique Ave Kenner, LA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Four units totaling 4,000 square feet; Each apartment has 2 bedrooms and 1 full bath; Two ground‑floor residences and two on the second level
