Updated Duplex With
For Sale
$140,000
1210 Sun Ln, Hammond, LA 70401
Two separate residences include a primary home and an accessory dwelling unit under active one-year leases.
Property Size1,270 SF
Price / SF$110.24
Days on Market55
Property Features for 1210 Sun Ln
General Information
Standard status
Active
Size
1,270 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3/2 bath, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
2007
Tenancy
Multi
Listing Agency:
Tuxor Realty
(713) 893-5580
Listed By:
April Brown · License #995705288
(504) 606-0466
Source:
Hospitalityrealty
Added: Aug 14
Changed: Oct 4
Last Checked: Oct 5 at 5:49PM
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 Tuxor Realty
Investment Insights
Based on property information with market context.
This updated duplex property includes a primary residence and a separate accessory dwelling unit on the same parcel. The main home offers three bedrooms and two bathrooms, with two bedrooms located upstairs. The detached dwelling provides one bedroom and one bathroom, creating two distinct living spaces within the property’s 1,270 square feet.
Both residences are subject to active one-year leases. The property is located at 1210 Sun Ln in Hammond, with access to local shopping, activities, and the city.
Both residences are subject to active one-year leases. The property is located at 1210 Sun Ln in Hammond, with access to local shopping, activities, and the city.
Key Highlights
- Two separate dwellings on one property
- Primary residence includes 3 bedrooms and 2 bathrooms
- Separate ADU offers 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,551
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,020
$191.0K
Cap Rate 7%
$136,443
$136.4K
Cap Rate 9%
$106,122
$106.1K
Market Conditions
NOI Build-Up for 1,270 SF
Gross rent
$14.9K $11.76/SF
− Vacancy
−$1.3K −$1.02/SF
EGI
$13.6K $10.74/SF
− OpEx
−$4.1K −$3.22/SF
NOI
$9.6K $7.52/SF
Area
Tangipahoa County, LA
Vacancy
8.64%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,020
Cap Rate 7%
$136,443
Cap Rate 9%
$106,122
Alternative Uses
Best Use
Multifamily LT 5
$136.4K
$119.4K – $159.2K
NOI $9,551 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$118.6K
$103.8K – $138.4K
NOI $8,305 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$350.1K
$306.3K – $408.5K
NOI $24,507 @ 7.0% cap · market cap 17.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
91
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include a primary home and an accessory dwelling unit under active one-year leases.
Where is this duplex located?
The property is located at 1210 Sun Ln Hammond, LA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two separate dwellings on one property; Primary residence includes 3 bedrooms and 2 bathrooms; Separate ADU offers 1 bedroom and 1 bathroom
