Hammond, LA Fourplex For
612 RUE ST MARTIN Hammond, LA 70403
612 RUE ST MARTIN, Hammond, LA, 70403
$349,000
For Sale
$349,000
MULTI_FAMILY - Hammond, LA
Property Size3,200 SF
Lot Size0.01 Acres
Price / SF$109.06
Days on Market218
Property Features for 612 RUE ST MARTIN
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Exterior features
- Balcony, Fence, Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 4818709
- Size
- 3,200 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Description
- UNIT A-2-D OF COURTYARD VILLA CONDOMINIUM & UNDIV 4.167% INT IN COMMON AREA IN SEC 27 T6SR7E HAMM
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1983
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
Realty Executives Florida Parishes
(985) 956-7477
Listed by
Sam DiVittorio · License #995688138
(985) 956-7477
Added: Dec 16, 2025 Updated: May 14 at 11:31AM Checked: Jul 22 at 11:06PM
MLS# 2534841
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 fourplex in Hammond, Louisiana, features four units, each with two bedrooms and one bathroom. The property remains occupied and each unit is individually metered for all utilities. Tenants are responsible for all utility payments. Exterior of the building has been recently updated, and some interior updates have also been completed. The property is located minutes from the Southeastern Louisiana University campus, downtown Hammond, shopping centers, restaurants, and hospitals, with convenient access to Interstate 55. The property is located in Flood Zone X, and flood insurance is not required. The lot size is 0.01 acres and the property size is 3,200 square feet.
Key Highlights
- Fully occupied 4‑plex providing immediate rental income.
- Individually metered utilities for each unit, paid by tenants.
- Located in Flood Zone X, eliminating flood insurance requirement.
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 | $37.6k | $11.76 |
| − Vacancy | −$3.3k | −$1.02 |
| EGI | $34.4k | $10.74 |
| − OpEx | −$10.3k | −$3.22 |
| NOI | $24.1k | $7.52 |
3,200 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.8K
$300.8K – $401.1K
NOI $24,066 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$298.9K
$261.6K – $348.8K
NOI $20,926 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$882.1K
$771.9K – $1.03M
NOI $61,749 @ 7.0% cap · market cap 17.69%
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 - Four 2-bed/1-bath units near Southeastern Louisiana University.
Where is this quadplex located?
The property is located at 612 RUE ST MARTIN Hammond, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Fully occupied 4‑plex providing immediate rental income.; Individually metered utilities for each unit, paid by tenants.; Located in Flood Zone X, eliminating flood insurance requirement.
