Duplex with Oversized Fenced
For Sale
$230,000
712-714 Hanson Place, Kenner, LA 70062
Renovated duplex on an oversized fenced lot with central A/C in both units and an additional storage shed.
Property Size1,565 SF
Days on Market81
Property Features for 712-714 Hanson Place
General Information
Standard status
Active
Size
1,565 SF
Property subtype
Multi Family Home
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Building Details
Building Size
1,565 SF
Year Built
1943
Stories
1
Listing Agency:
Realty One Group Immobilia
(504) 606-1299
Listed By:
Mabel Perdomo
(504) 606-1299
Source:
Nolalivingrealty
Added: Jun 3
Changed: Aug 8
Last Checked: Aug 21 at 1:07PM
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 Realty One Group Immobilia
Investment Insights
Based on property information with market context.
This duplex offers two distinct unit layouts, including one conventional-style unit and one shotgun-style unit. One side has been renovated with updated finishes, beautiful countertops, and a new water heater. The other unit is positioned as a value-add opportunity for renovation and customization. Both units are equipped with central A/C, and significant updates have been completed, including plumbing and electrical wiring within the last two years. The property also includes a large shed for additional storage.
The duplex is located at 712–714 Hanson Place in Kenner, LA 70062. It sits on an oversized fenced lot, providing additional outdoor space.
Buyer to verify zoning and intended use. The property is currently income-producing, with rents described as below market value.
The duplex is located at 712–714 Hanson Place in Kenner, LA 70062. It sits on an oversized fenced lot, providing additional outdoor space.
Buyer to verify zoning and intended use. The property is currently income-producing, with rents described as below market value.
Key Highlights
- Duplex built in 1943 with one conventional‑style unit and one shotgun‑style unit
- Renovated side features updated finishes, beautiful countertops, and a new water heater
- Plumbing and electrical wiring updated within the last two years
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
$17,175
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
7.47%
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%
$343,500
$343.5K
Cap Rate 7%
$245,357
$245.4K
Cap Rate 9%
$190,833
$190.8K
Market Conditions
NOI Build-Up for 1,565 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
$26.9K $17.16/SF
− Vacancy
−$2.3K −$1.48/SF
EGI
$24.5K $15.68/SF
− OpEx
−$7.4K −$4.70/SF
NOI
$17.2K $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%
$343,500
Cap Rate 7%
$245,357
Cap Rate 9%
$190,833
Alternative Uses
Best Use
Multifamily LT 5
$245.4K
$214.7K – $286.3K
NOI $17,175 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$229.4K
$200.7K – $267.6K
NOI $16,055 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$412.9K
$361.3K – $481.7K
NOI $28,902 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
432
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 - Renovated duplex on an oversized fenced lot with central A/C in both units and an additional storage shed.
Where is this duplex located?
The property is located at 712-714 Hanson Place Kenner, LA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Duplex built in 1943 with one conventional‑style unit and one shotgun‑style unit; Renovated side features updated finishes, beautiful countertops, and a new water heater; Plumbing and electrical wiring updated within the last two years
