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    Hammond Multi-Family Investment Opportunity

    100 SHERWOOD Drive Hammond, LA 70401

    Claim this Listing
    For Sale
    $1,192,000

    MULTI_FAMILY - Hammond, LA

    Type:Single Family Residence
    Property size:
    10,611 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $112/SF
    Added:
    Jul 15, 2025
    Days on Market:
    362
    Last Refresh:
    Jul 11 at 7:06 am

    Property Features for 100 SHERWOOD Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Parking features
    Carport
    Standard status
    Active
    APN
    3273504
    Size
    10,611 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Description
    LOTS 1-10 and 12-15 SHERWOOD DRIVE SUB IN SEC 23 T6SR7E HAMMOND

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    9
    Architectural style
    Ranch

    Listing agent Bart Gillis

    Listing office Keller Williams Realty Services 1522 W. Causeway Approach, Mandeville, LA

    Listing date Jul 15, 2025

    MLS# 2512088 Listing URL

    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 offering features nine single-family homes and approximately one acre of land available for development, situated just outside downtown Hammond in a pleasant area. The properties include all but one home on the entire street. These well-maintained, brick ranch-style homes feature low-maintenance brick veneer construction, central air/heat, and spacious lots. The current annual revenue is $111,300. Area rents suggest a potential market rent of $1350 or more per house per month, which could generate an annual revenue of $144,800. The RM-2 zoning allows for 2-family housing, if desired. The property size is 10,611 square feet.

    Key Highlights

    • 9 single‑family homes plus 1 acre of land for development.
    • Potential for increased rental income: Currently under‑rented with market rents estimated at $1350/month per house.
    • Low‑maintenance brick ranch style homes with central air/heat.

    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 $138.8k $13.08
    − Vacancy −$12.6k −$1.19
    EGI $126.2k $11.89
    − OpEx −$56.8k −$5.35
    NOI $69.4k $6.54
    10,611 SF · lease $13.08/SF/yr · vacancy 9.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $991.3K
    $867.4K – $1.16M (±1% cap)
    NOI $69,389 @ 7.0% cap · market cap 5.82%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.93M
    $2.56M – $3.41M (±1% cap)
    NOI $204,756 @ 7.0% cap · market cap 17.18%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Plumbing Service (Bike/Boat/Book/etc) Store HVAC Service Tanning Salon (Bike/Boat/Book/etc) Store Storage Facility Electrical Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Single family property - Nine single-family homes plus land near downtown Hammond, Louisiana.
    Where is this single family property located?
    The property is located at 100 SHERWOOD Drive Hammond, LA.
    What is the asking price?
    The asking price for this property is $1,192,000.
    What are key features of this property?
    This property features: 9 single‑family homes plus 1 acre of land for development.; Potential for increased rental income: Currently under‑rented with market rents estimated at $1350/month per house.; Low‑maintenance brick ranch style homes with central air/heat.
    Contact an agent
    (985) 727-7000
    We can help!
    Contact an agent
    Bart Gillis
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