8-Unit Duplex Apartment
For Sale
$780,000
11581 AMI Lane, Hammond, LA 70401
Multifamily, Hammond, LA
Property Size7,200 SF
Lot Size2.81 Acres
Price / SF$108.33
Days on Market347
Property Features for 11581 AMI Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
16
Bathrooms
16
Full bathrooms
16
Rooms
Bathroom 9, Bathroom 4, Bathroom 14, Bathroom 15, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 11, Bedroom 9, Bathroom 13, Bathroom 8, Bathroom 11, Bedroom 10, Bedroom 7, Bedroom 14, Bathroom 10, Bathroom 12, Bedroom 2, Bedroom 16, Bathroom 5, Bedroom 15, Bathroom 2, Bedroom 4, Bathroom 16, Bathroom 1, Bedroom 8, Bedroom 13, Bathroom 6, Bedroom 3, Bathroom 7, Bedroom 12, Bathroom 3
Parking features
Parking Lot
Patio and Porch features
Porch
Subdivision
Not a Subdivision
Directions
From I-55, take University/Wardline exit and head west, take right on W. Lee Hughes Rd., Apts. on left
Standard status
Active
APN
05336104
Size
7,200 SF
Lot size
2.81 Acres
Additional Details
Tenant in Place
Yes
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
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
screened-in back patios
Building Details
Year built
2002
Number of units
8
Building materials
Vinyl Siding
Architectural style
Cottage
Listing Agency:
Elite Real Estate Advisors · Century 21 Real Estate
(985) 542-7601
Listed By:
Sergio A Mesa · License #912124506
(504) 390-5229
Added: Nov 10, 2025
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2528391
Copyright © 2026 ROAM MLS. 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 8-unit apartment property in Hammond comprises duplex buildings built in 2002, with 7,200 square feet across 2.81 acres. Each unit has two bedrooms, two bathrooms, and washer/dryer hookups. The complex was fully occupied, and features vinyl siding, asphalt shingle roofs, concrete slabs, and screened back patios. Central heating and central air serve the units.
Concrete parking spaces and gravel access roads are on site. Water service is public, with a septic system for sewer. The property is near Interstate 55 and Interstate 12, as well as Southeastern Louisiana University, Hammond Square Mall, grocery stores, dining, parks, and medical facilities.
Concrete parking spaces and gravel access roads are on site. Water service is public, with a septic system for sewer. The property is near Interstate 55 and Interstate 12, as well as Southeastern Louisiana University, Hammond Square Mall, grocery stores, dining, parks, and medical facilities.
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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has two bedrooms, two bathrooms, and 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
