Duplex with Covered
For Sale
$275,000
40216 HENDRIX Lane, Ponchatoula, LA 70454
Multi-Family, Traditional, Ponchatoula, LA
Property Size2,880 SF
Lot Size0.29 Acres
Price / SF$95.49
Days on Market295
Property Features for 40216 HENDRIX Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport, Covered
Subdivision
Not a Subdivision
Lot features
Regular
Standard status
Active
APN
02066807
Size
2,880 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
LOT MEAS 90 X 139.80 FT IN LOT 8 OF SUB IN SEC 59 T7SR7E B441 P181 B522 P392 B547 P722 B744 P295 B809 P302 B890 P282 B973 P157 B1090 P226 B1098 P79 B1117 P586 B1130 P507 B1552 P462
Legal Description
LOT MEAS 90 X 139.80 FT IN LOT 8 OF SUB IN SEC 59 T7SR7E B441 P181 B522 P392 B547 P722 B744 P295 B809 P302 B890 P282 B973 P157 B1090 P226 B1098 P79 B1117 P586 B1130 P507 B1552 P462
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry connections
Building Details
Year built
2007
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Will Frederick · License #912124137
(985) 727-7000
Added: Nov 3, 2025
Changed: Aug 19
Last Checked: Aug 25 at 11:06AM
MLS# 2529245
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 2,880-square-foot duplex, built in 2007, contains two residences of approximately 1,440 square feet each. Both layouts include three bedrooms, two bathrooms, spacious living areas, full kitchens, and connections for in-unit laundry. Central heating and cooling serve the property, while a covered carport provides on-site parking. Unit A received a full remodel in 2022, including updated systems and finishes. Unit B has been occupied by the same tenant for more than three years.
The property occupies 0.29 acres in Ponchatoula, Louisiana, with public water service and a shingle roof. Additional on-site square footage may be converted into a third rental unit after remodeling, subject to the applicable requirements.
The property occupies 0.29 acres in Ponchatoula, Louisiana, with public water service and a shingle roof. Additional on-site square footage may be converted into a third rental unit after remodeling, subject to the applicable requirements.
Key Highlights
- 2,880 SF duplex on 0.29 acres
- Two approximately 1,440‑square‑foot units, each with 3 bedrooms and 2 bathrooms
- Unit A fully remodeled in 2022 with updated systems and finishes
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
$21,660
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
7.88%
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%
$433,200
$433.2K
Cap Rate 7%
$309,429
$309.4K
Cap Rate 9%
$240,667
$240.7K
Market Conditions
NOI Build-Up for 2,880 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
$33.9K $11.76/SF
− Vacancy
−$2.9K −$1.02/SF
EGI
$30.9K $10.74/SF
− OpEx
−$9.3K −$3.22/SF
NOI
$21.7K $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%
$433,200
Cap Rate 7%
$309,429
Cap Rate 9%
$240,667
Alternative Uses
Best Use
Multifamily LT 5
$309.4K
$270.8K – $361.0K
NOI $21,660 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$269.0K
$235.4K – $313.9K
NOI $18,833 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$793.9K
$694.7K – $926.2K
NOI $55,574 @ 7.0% cap · market cap 20.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 70454, LA
32,154
Population
14,132
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
87%
High-School Grad
174.6 sq mi
ZIP Area
184
Density / Sq Mi
$70,560
Median Household Income
$46,159
Median Earnings
$1,124
Median Rent
$219,500
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 - Each residence has three bedrooms, two bathrooms, central air, and laundry connections.
Where is this duplex located?
The property is located at 40216 HENDRIX Lane Ponchatoula, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,880 SF duplex on 0.29 acres; Two approximately 1,440‑square‑foot units, each with 3 bedrooms and 2 bathrooms; Unit A fully remodeled in 2022 with updated systems and finishes
