12461 WARDLINE Road Hammond, LA 70401
MULTI_FAMILY - Hammond, LA
- Added:
- Feb 9, 2026
- Days on Market:
- 155
- Last Refresh:
- Jul 14 at 8:06 am
Property Features for 12461 WARDLINE Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Active
- APN
- 05194709
- Size
- 3,579 SF
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Description
- 0.55A IN SEC 17 T6SR7E B664 P565 B705 P259 B759 P83 B759 P419 B967 P441 B1375 P22 B1390 P859 B1404 P740 B1618 P684
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Number of units
- 4
- Roof type
- Asphalt, Shingle
Listing agent KELLY RICHARDS License #995695758 (504) 228-6399
Listing office Realty One Group Immobilia 137 Girod St., Mandeville, LA (985) 218-8081
Listing date Feb 9, 2026
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.
The property is located on WARDLINE Road in Hammond, Louisiana, in convenient proximity to the university, shopping, and hospitals, according to the public remarks.
All units are described as staying rented, and tenants should not be disturbed. The lot size is listed at 0.55 acres, and the property size is listed as 3,579 square feet.
Key Highlights
- Updated 4‑plex with all units staying rented
- Each unit features 2 beds and 1 bath
- Units include stove, refrigerator, microwave, dishwasher, and inside laundry hookups
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $11.76 |
| − Vacancy | −$3.6k | −$1.02 |
| EGI | $38.5k | $10.74 |
| − OpEx | −$11.5k | −$3.22 |
| NOI | $26.9k | $7.52 |
