4-Unit
For Sale
$385,000
Pending
12461 WARDLINE Road, Hammond, LA 70401
Multifamily, Hammond, LA
Property Size3,579 SF
Lot Size0.55 Acres
Days on Market256
Property Features for 12461 WARDLINE Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 7, Bedroom 8, Bedroom 2, Bedroom 1
Parking
3
Parking features
Off Street
Subdivision
Not a Subdivision
Directions
I-55 to University AVE, West on Wardline RD, Property is on the right
Standard status
Pending
APN
05194709
Size
3,579 SF
Lot size
0.55 Acres
Additional Details
Tenant in Place
Yes
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
Legal 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
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
laundry hookups
fenced patios
Building Details
Year built
1980
Number of units
4
Building materials
Brick
Listing Agency:
Realty One Group Immobilia
(985) 218-8081
Listed By:
KELLY RICHARDS · License #995695758
(985) 789-5256
Added: Feb 9
Changed: Oct 23
Last Checked: Oct 23 at 6:06PM
MLS# 2542144
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 3,579-square-foot brick quadplex contains four apartments, each configured with two bedrooms and one bathroom. Kitchens are equipped with a stove, refrigerator, microwave, and dishwasher, and each unit has laundry hookups. Central heating and air conditioning serve the building. Three apartments have fenced rear patios, and off-street parking is available. The property was built in 1980 and occupies 0.55 acres.
The building is in Hammond, with the university, shopping, and hospitals described as convenient destinations. Public water and septic service support the property. All four apartments are rented, according to the property information.
The building is in Hammond, with the university, shopping, and hospitals described as convenient destinations. Public water and septic service support the property. All four apartments are rented, according to the property information.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 3,579 square feet on a 0.55‑acre parcel
- Built in 1980; brick construction with central heating and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,917
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,340
$538.3K
Cap Rate 7%
$384,529
$384.5K
Cap Rate 9%
$299,078
$299.1K
Market Conditions
NOI Build-Up for 3,579 SF
Gross rent
$42.1K $11.76/SF
− Vacancy
−$3.6K −$1.02/SF
EGI
$38.5K $10.74/SF
− OpEx
−$11.5K −$3.22/SF
NOI
$26.9K $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%
$538,340
Cap Rate 7%
$384,529
Cap Rate 9%
$299,078
Alternative Uses
Best Use
Multifamily LT 5
$384.5K
$336.5K – $448.6K
NOI $26,917 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$334.3K
$292.6K – $390.1K
NOI $23,404 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$986.6K
$863.3K – $1.15M
NOI $69,062 @ 7.0% cap · market cap 17.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
50
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
Frequently Asked Questions
What type of property is this?
Quadplex - Each apartment includes two bedrooms, one bathroom, kitchen appliances, and indoor laundry connections.
Where is this quadplex located?
The property is located at 12461 WARDLINE Road Hammond, LA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Four apartments, each with 2 bedrooms and 1 bathroom; 3,579 square feet on a 0.55‑acre parcel; Built in 1980; brick construction with central heating and central air
