Eight-Unit Cottage Apartment
For Sale
$780,000
11581 AMI Lane, Hammond, LA 70401
Multi-Family, Cottage, Hammond, LA
Property Size7,200 SF
Lot Size2.81 Acres
Price / SF$108.33
Days on Market331
Property Features for 11581 AMI Lane
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Patio and Porch features
Porch
Exterior features
Porch Screened In
Subdivision
Not a Subdivision
Lot features
1-5 Acres, Oversized
Standard status
Active
APN
05336104
Size
7,200 SF
Lot size
2.81 Acres
Taxes and HOA fees
Tax Description
2.81A BEING PORT OF TRACT 6 OF PART IN SEC 18 T6SR7E
Legal Description
2.81A BEING PORT OF TRACT 6 OF PART IN SEC 18 T6SR7E
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
screened-in back patios
Building Details
Year built
2002
Floors in Building
1
Number of units
8
Roof type
Asphalt, Shingle
Architectural style
Cottage
Listing Agency:
Elite Real Estate Advisors · Century 21 Real Estate
(985) 542-7601
Listed By:
Sergio Mesa · License #912124506
(504) 390-5229
Added: Nov 10, 2025
Changed: Oct 1
Last Checked: Oct 7 at 9:06AM
MLS# 2528391
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 8-unit apartment property at 11581 Ami Lane includes 7,200 square feet across duplex buildings constructed in 2002. Each residence has 2 bedrooms, 2 bathrooms, and washer/dryer hookups, with screened-in rear porches serving the individual units. Improvements feature vinyl siding, asphalt shingle roofs, concrete slab foundations, central heating, and central air conditioning. Concrete parking spaces and gravel drives support on-site circulation and resident parking.
The 2.81-acre property is in Hammond, with access to Interstate 55 and Interstate 12 for travel toward Baton Rouge and New Orleans. Southeastern Louisiana University, local schools, Hammond Square Mall, grocery stores, restaurants, parks, and medical facilities are identified in the surrounding area. Utilities include public water service and a septic sewer system. The site is fully occupied and offers additional acreage for potential expansion as described in the property information.
The 2.81-acre property is in Hammond, with access to Interstate 55 and Interstate 12 for travel toward Baton Rouge and New Orleans. Southeastern Louisiana University, local schools, Hammond Square Mall, grocery stores, restaurants, parks, and medical facilities are identified in the surrounding area. Utilities include public water service and a septic sewer system. The site is fully occupied and offers additional acreage for potential expansion as described in the property information.
Key Highlights
- 8 fully occupied units, each with 2 bedrooms, 2 bathrooms, and washer/dryer hookups
- 7,200 square feet on 2.81 acres
- Duplex buildings constructed in 2002 with vinyl siding and asphalt shingle roofs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,083
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,660
$941.7K
Cap Rate 7%
$672,614
$672.6K
Cap Rate 9%
$523,144
$523.1K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$94.2K $13.08/SF
− Vacancy
−$8.6K −$1.19/SF
EGI
$85.6K $11.89/SF
− OpEx
−$38.5K −$5.35/SF
NOI
$47.1K $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%
$941,660
Cap Rate 7%
$672,614
Cap Rate 9%
$523,144
Alternative Uses
Best Use
Apartment 5plus
$672.6K
$588.5K – $784.7K
NOI $47,083 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.74M – $2.32M
NOI $138,935 @ 7.0% cap · market cap 17.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
28
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied cottage-style apartments with private screened porches, central HVAC, and resident washer/dryer hookups.
Where is this apartment building located?
The property is located at 11581 AMI Lane Hammond, LA.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 8 fully occupied units, each with 2 bedrooms, 2 bathrooms, and washer/dryer hookups; 7,200 square feet on 2.81 acres; Duplex buildings constructed in 2002 with vinyl siding and asphalt shingle roofs
