Hammond Multi-Family Investment
100 SHERWOOD Drive Hammond, LA 70401
For Sale
$1,192,000
MULTI_FAMILY - Hammond, LA
Property Size10,611 SF
Lot Size1.00 Acre
Price / SF$112.34
Days on Market377
Property Features for 100 SHERWOOD Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Parking features
- Carport
- Standard status
- Active
- APN
- 3273504
- Size
- 10,611 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Description
- LOTS 1-10 and 12-15 SHERWOOD DRIVE SUB IN SEC 23 T6SR7E HAMMOND
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Number of units
- 9
- Architectural style
- Ranch
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Bart Gillis
(985) 727-7000
Added: Jul 15, 2025
Changed: May 14
Last Checked: Jul 26 at 7:06PM
MLS# 2512088
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 offering features nine single-family homes and approximately one acre of land available for development, situated just outside downtown Hammond in a pleasant area. The properties include all but one home on the entire street. These well-maintained, brick ranch-style homes feature low-maintenance brick veneer construction, central air/heat, and spacious lots. The current annual revenue is $111,300. Area rents suggest a potential market rent of $1350 or more per house per month, which could generate an annual revenue of $144,800. The RM-2 zoning allows for 2-family housing, if desired. The property size is 10,611 square feet.
Key Highlights
- 9 single‑family homes plus 1 acre of land for development.
- Potential for increased rental income: Currently under‑rented with market rents estimated at $1350/month per house.
- Low‑maintenance brick ranch style homes with central air/heat.
Financial Insights For Apartment 5plus
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 | $138.8k | $13.08 |
| − Vacancy | −$12.6k | −$1.19 |
| EGI | $126.2k | $11.89 |
| − OpEx | −$56.8k | −$5.35 |
| NOI | $69.4k | $6.54 |
10,611 SF · lease $13.08/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$991.3K
$867.4K – $1.16M
NOI $69,389 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.93M
$2.56M – $3.41M
NOI $204,756 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - Nine single-family homes plus land near downtown Hammond, Louisiana.
Where is this single family property located?
The property is located at 100 SHERWOOD Drive Hammond, LA.
What is the asking price?
The asking price for this property is $1,192,000.
What are key features of this property?
This property features: 9 single‑family homes plus 1 acre of land for development.; Potential for increased rental income: Currently under‑rented with market rents estimated at $1350/month per house.; Low‑maintenance brick ranch style homes with central air/heat.
