Multifamily Investment Opportunity in
11581 AMI Lane, Hammond, LA 70401
MULTI_FAMILY - Hammond, LA
Type:Apartment
Property size:
7,200 SFLot size:
2.81 AcresPrice / SF:
$111/SF- Added:
- Nov 10, 2025
- Days on Market:
- 194
- Last Refresh:
- May 23 at 8:06 am
Property Features for 11581 AMI Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Patio and Porch features
- Porch
- Exterior features
- Porch Screened In
- Standard status
- Active
- APN
- 05336104
- Size
- 7,200 SF
- Lot size
- 2.81 Acres
Taxes and HOA fees
- Tax Description
- 2.81A BEING PORT OF TRACT 6 OF PART IN SEC 18 T6SR7E
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2002
- Floors in Building
- 1
- Number of units
- 8
- Roof type
- Asphalt, Shingle
- Architectural style
- Cottage
Listing agent Sergio Mesa License #912124506 (985) 542-7601
Listing office Elite Real Estate Advisors 14454 University Ave., Hammond, LA (985) 542-7601
Listing date Nov 10, 2025
MLS# 2528391
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.
HighLights
- Fully occupied 8‑unit multifamily property providing immediate income.
- Prime location near Interstate 55 and Interstate 12, offering easy access to Baton Rouge and New Orleans.
- 2.81‑acre lot with potential for future expansion.
- Each unit features 2 bedrooms, 2 bathrooms, and washer/dryer hookups.
- Proximity to Southeastern Louisiana University, local schools, and commercial amenities.
- Well‑maintained complex with screened‑in back patios, concrete parking, and durable construction.
Overview
Located in Hammond, Louisiana, the property at 11581 Ami Lane presents a multifamily investment opportunity. The property features 8 fully occupied units, each with 2 bedrooms, 2 bathrooms, and washer/dryer hookups. The property spans 2.81 acres, allowing for future expansion. The complex consists of duplex buildings constructed on concrete slabs, featuring asphalt shingle roofs and vinyl siding exteriors. Residents can enjoy screened-in back patios. Concrete parking spots and gravel roads provide access and parking. Utilities include parish water service and a septic sewer system. The location is convenient for commuters, with proximity to Interstate 55 and Interstate 12, facilitating travel to Baton Rouge and New Orleans. It is also near local schools and universities, including Southeastern Louisiana University, making it suitable for faculty and students. The area offers commercial amenities, such as Hammond Square Mall, grocery stores, and dining options. Recreational activities, parks, and medical facilities are also nearby. The property offers a reliable income stream with expansion possibilities, supported by a solid tenant base. The property size is 7200 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$523.1K
NOI $47,083 @ 9.00% cap · cautious / downside scenario
Moderate
$672.6K
NOI $47,083 @ 7.00% cap · market / base-case scenario
Aggressive
$941.7K
NOI $47,083 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.2k | $13.08 |
| − Vacancy | −$8.6k | −$1.19 |
| EGI | $85.6k | $11.89 |
| − OpEx | −$38.5k | −$5.35 |
| NOI | $47.1k | $6.54 |
7,200 SF · lease $13.08/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$672.6K
$588.5K – $784.7K
NOI $47,083 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.74M – $2.32M
NOI $138,935 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Tangipahoa
- State
- Louisiana
- Longitude
- -90.5386279
- Latitude
- 30.5214608
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied 8-unit multifamily property with expansion potential.
Where is this apartment building located?
The property is located at 11581 AMI Lane Hammond, LA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Fully occupied 8‑unit multifamily property providing immediate income.; Prime location near Interstate 55 and Interstate 12, offering easy access to Baton Rouge and New Orleans.; 2.81‑acre lot with potential for future expansion.
