Hammond Multi-Family Investment
For Sale
$1,192,000
100 SHERWOOD Drive, Hammond, LA 70401
Multi-Family, Ranch, Hammond, LA
Property Size10,611 SF
Price / SF$112.34
Days on Market468
Property Features for 100 SHERWOOD Drive
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Parking features
Carport
Subdivision
Not a Subdivision
Lot features
Regular
Standard status
Active
APN
3273504
Size
10,611 SF
Taxes and HOA fees
Tax Description
LOTS 1-10 and 12-15 SHERWOOD DRIVE SUB IN SEC 23 T6SR7E HAMMOND
Legal 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
(504) 915-1961
Added: Jul 15, 2025
Changed: Sep 16
Last Checked: Oct 25 at 4:06AM
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.
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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
Estimated NOI and Cap Rate
NOI / Yr
$69,389
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,387,780
$1.4M
Cap Rate 7%
$991,271
$991.3K
Cap Rate 9%
$770,989
$771.0K
Market Conditions
NOI Build-Up for 10,611 SF
Gross rent
$138.8K $13.08/SF
− Vacancy
−$12.6K −$1.19/SF
EGI
$126.2K $11.89/SF
− OpEx
−$56.8K −$5.35/SF
NOI
$69.4K $6.54/SF
Area
Tangipahoa County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,387,780
Cap Rate 7%
$991,271
Cap Rate 9%
$770,989
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 authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
826
Businesses Nearby
Explore this area
Business Placement
Demographics for 70401, LA
21,014
Population
10,321
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
88%
High-School Grad
34.7 sq mi
ZIP Area
606
Density / Sq Mi
$50,995
Median Household Income
$31,405
Median Earnings
$977
Median Rent
$226,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Nine single-family homes plus land near downtown Hammond, Louisiana.
Where is this multifamily 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.
