Three-House Residential Income
100 101 128 Clinton Court Hammond, LA 70401
For Sale
$399,900
Three closely situated houses comprise this residential income investment property for sale.
Property Size3,700 SF
Price / SF$108.08
Days on Market208
Property Features for 100 101 128 Clinton Court
General Information
- Standard status
- Active
- Size
- 3,700 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1983
Listing Agency:
Compass
(504) 296-6311
Listed By:
Nancy Arnoult · License #000058119
(504) 296-6311
Source:
Compass
Added: Dec 29, 2025
Changed: Jul 23
Last Checked: Jul 24 at 3:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This for-sale residential income property consists of three houses located close in proximity. The listing is presented as an investment asset and includes three separate lots.
The property is described as convenient to SLU Campus, shopping, and interstates.
Lot sizes are listed as 100-63x97x63x91, 101-63x97x63x91, and 128-52x146x50x133.
The property is described as convenient to SLU Campus, shopping, and interstates.
Lot sizes are listed as 100-63x97x63x91, 101-63x97x63x91, and 128-52x146x50x133.
Key Highlights
- Investment property with three 1‑story houses on the same close‑proximity location
- 8 total bedrooms and 4 full bathrooms across the three houses
- Built in 1983 with brick construction and slab foundation
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 | $43.5k | $11.76 |
| − Vacancy | −$3.8k | −$1.02 |
| EGI | $39.8k | $10.74 |
| − OpEx | −$11.9k | −$3.22 |
| NOI | $27.8k | $7.52 |
3,700 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$397.5K
$347.8K – $463.8K
NOI $27,827 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$345.7K
$302.5K – $403.3K
NOI $24,196 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.02M
$892.5K – $1.19M
NOI $71,397 @ 7.0% cap · market cap 17.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three closely situated houses comprise this residential income investment property for sale.
Where is this triplex located?
The property is located at 100 101 128 Clinton Court Hammond, LA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Investment property with three 1‑story houses on the same close‑proximity location; 8 total bedrooms and 4 full bathrooms across the three houses; Built in 1983 with brick construction and slab foundation
