Four-Unit Residential Income
12461 WARDLINE Road Hammond, LA 70401
12461 WARDLINE Road, Hammond, LA, 70401
$385,000
For Sale
$385,000
MULTI_FAMILY - Hammond, LA
Property Size3,579 SF
Lot Size0.55 Acres
Price / SF$107.57
Days on Market163
Property Features for 12461 WARDLINE Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Active
- APN
- 05194709
- Size
- 3,579 SF
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Description
- 0.55A IN SEC 17 T6SR7E B664 P565 B705 P259 B759 P83 B759 P419 B967 P441 B1375 P22 B1390 P859 B1404 P740 B1618 P684
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 4
- Roof type
- Shingle, Asphalt
Listing agency
Realty One Group Immobilia
(985) 218-8081
Listed by
KELLY RICHARDS · License #995695758
(504) 228-6399
Added: Feb 9 Updated: Jul 18 at 5:53AM Checked: Jul 22 at 7:06AM
MLS# 2542144
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 updated four-unit residential income property offers four 2-bedroom, 1-bath units. Each unit is equipped with a stove, refrigerator, microwave, and dishwasher, along with inside laundry hookups for tenant convenience. Three of the units include fenced rear patios, providing outdoor space. Plenty of parking is available onsite.
The property is located on WARDLINE Road in Hammond, Louisiana, in convenient proximity to the university, shopping, and hospitals, according to the public remarks.
All units are described as staying rented, and tenants should not be disturbed. The lot size is listed at 0.55 acres, and the property size is listed as 3,579 square feet.
The property is located on WARDLINE Road in Hammond, Louisiana, in convenient proximity to the university, shopping, and hospitals, according to the public remarks.
All units are described as staying rented, and tenants should not be disturbed. The lot size is listed at 0.55 acres, and the property size is listed as 3,579 square feet.
Key Highlights
- Updated 4‑plex with all units staying rented
- Each unit features 2 beds and 1 bath
- Units include stove, refrigerator, microwave, dishwasher, and inside laundry hookups
Local Financial Insights For Multifamily LT 5
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 | $42.1k | $11.76 |
| − Vacancy | −$3.6k | −$1.02 |
| EGI | $38.5k | $10.74 |
| − OpEx | −$11.5k | −$3.22 |
| NOI | $26.9k | $7.52 |
3,579 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$384.5K
$336.5K – $448.6K
NOI $26,917 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$334.3K
$292.6K – $390.1K
NOI $23,404 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$986.6K
$863.3K – $1.15M
NOI $69,062 @ 7.0% cap · market cap 17.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Updated 4-plex with four 2-bed, 1-bath units, each with kitchen appliances and inside laundry hookups.
Where is this quadplex located?
The property is located at 12461 WARDLINE Road Hammond, LA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Updated 4‑plex with all units staying rented; Each unit features 2 beds and 1 bath; Units include stove, refrigerator, microwave, dishwasher, and inside laundry hookups
