Income Duplex with Two Leased
For Sale
$250,000
1311 Bauerle Rd, Hammond, LA 70403
MULTI_FAMILY - Hammond, LA
Property Size2,006 SF
Lot Size0.21 Acres
Price / SF$124.63
Days on Market14
Property Features for 1311 Bauerle Rd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Covered, Carport
Patio and Porch features
Patio
Interior features
Storage in Building, Electric Stove Con.
Exterior features
Lighting
Appliances
Washer/Dryer All, Electric Cooktop, Dishwasher, Range/Oven, Refrigerator
Subdivision
Not A Subdivision
Elementary school district
Tangipahoa Parish
Middle school district
Tangipahoa Parish
High school district
Tangipahoa Parish
Directions
Take I-12 to exit 40 for US-51 toward Hammond/Ponchatoula, at the traffic circle, take the 3rd exit onto US-51, turn left onto Hewitt Rd, turn left onto Bauerle Rd, property will be on the left.
Standard status
Active
Size
2,006 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
0.21A IN SEC 36 T6SR7E HAMMOND B592 P286 B627 P393 B641 P759 B644 P280 B754 P200 B782 P682-684 B823 P517 B950 P738 B1652 P141 B1668 P138 B1670 P558
Legal Description
0.21A IN SEC 36 T6SR7E HAMMOND B592 P286 B627 P393 B641 P759 B644 P280 B754 P200 B782 P682-684 B823 P517 B950 P738 B1652 P141 B1668 P138 B1670 P558
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced backyard
Building Details
Floors in Building
1
Flooring type
Tile
Building materials
Brick Siding, Wood Siding, Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Property First Realty Group
(225) 443-0055
Listed By:
Jennifer Dipuma · License #0995697826
(225) 443-0055
Added: Jul 27
Last Checked: Aug 9 at 5:06AM
MLS# 2026013702
Copyright © 2026 Greater Baton Rouge 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 income-producing duplex includes two identical residential units. Each unit offers two bedrooms and one bathroom with approximately 806 square feet of living space, and the property is described as well maintained. Both units have access to a fenced backyard area with a full privacy wooden fence and gates on each unit side.
The property is located at 1311 Bauerle Road in Hammond, Louisiana, and is described as being minutes from Southeastern Louisiana University and North Oaks Hospital, with nearby shopping, dining, and everyday conveniences.
The duplex is currently leased and is presented as a turnkey addition for an investor portfolio, with the units described as generating ongoing rental income.
The property is located at 1311 Bauerle Road in Hammond, Louisiana, and is described as being minutes from Southeastern Louisiana University and North Oaks Hospital, with nearby shopping, dining, and everyday conveniences.
The duplex is currently leased and is presented as a turnkey addition for an investor portfolio, with the units described as generating ongoing rental income.
Key Highlights
- Income‑producing duplex at 1311 Bauerle Road, Hammond with two identical units
- Each unit offers 2 bedrooms, 1 bathroom, and approximately 806 SF of living space
- Both units are currently leased at $1,350 per month
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
$15,087
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
6.03%
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%
$301,740
$301.7K
Cap Rate 7%
$215,529
$215.5K
Cap Rate 9%
$167,633
$167.6K
Market Conditions
NOI Build-Up for 2,006 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
$23.6K $11.76/SF
− Vacancy
−$2.0K −$1.02/SF
EGI
$21.6K $10.74/SF
− OpEx
−$6.5K −$3.22/SF
NOI
$15.1K $7.52/SF
Area
Tangipahoa County, LA
Vacancy
8.64%
Lease Rate
$11.76 /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%
$301,740
Cap Rate 7%
$215,529
Cap Rate 9%
$167,633
Alternative Uses
Best Use
Multifamily LT 5
$215.5K
$188.6K – $251.5K
NOI $15,087 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$187.4K
$164.0K – $218.6K
NOI $13,118 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$553.0K
$483.9K – $645.2K
NOI $38,709 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 70403, LA
29,737
Population
13,577
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.3 sq mi
ZIP Area
703
Density / Sq Mi
$50,547
Median Household Income
$32,603
Median Earnings
$992
Median Rent
$207,600
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 - Duplex with two identical units, each with two bedrooms and one bathroom, currently leased for immediate rental income.
Where is this duplex located?
The property is located at 1311 Bauerle Rd Hammond, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Income‑producing duplex at 1311 Bauerle Road, Hammond with two identical units; Each unit offers 2 bedrooms, 1 bathroom, and approximately 806 SF of living space; Both units are currently leased at $1,350 per month
