Updated Duplex With
For Sale
$160,000
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$125.98
Days on Market16
Property Features for 1210 Sun Ln
General Information
Standard status
Active
Size
1,270 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3/2 bath, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Tenancy
Multi
Listing Agency:
Golden Rule Realty
(504) 439-1959
Listed By:
Dana MacCord · License #000078370
(504) 439-1959
Source:
Exprealty
Added: Aug 7
Changed: Aug 21
Last Checked: Aug 21 at 12:55PM
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 Golden Rule 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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,551
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.97%
Second Best
Apartment 5plus
$118.6K
$103.8K – $138.4K
NOI $8,305 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$350.1K
$306.3K – $408.5K
NOI $24,507 @ 7.0% cap · market cap 15.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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 $160,000.
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
