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New Multifamily Apartment Building
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16218 E Minnesota Park Road, Hammond, LA 70403

Brand-new 2017 construction apartment building in Hammond, LA with consistently near full occupancy since lease-up.

Property SizeContact for details
Days on Market142

Property Features for 16218 E Minnesota Park Road

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Business Included Yes
Highway Access Yes

Building Details

Year Built 2017
Listing Agency: Stirling
Listed By: Saban Sellers · License #LA 0995692054
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 12:20AM

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 Stirling

Investment Insights

Based on property information with market context.

Stone Creek Apartments is a multifamily apartment building constructed in 2017 in Hammond, Louisiana. The property is described as having little to no deferred maintenance due to its brand-new construction. Since lease-up, the building has maintained near full occupancy.

The property is located a short distance from Southeastern University and Hammond Square Mall, with access to both I-12 and I-55.

The seller is requesting that prospective buyers have the CA attached signed and returned to receive the property financials and Offering Memorandum.

Key Highlights

  • Stone Creek Apartments is a brand‑new 2017 apartment building in Hammond, LA.
  • Near full occupancy maintained since lease‑up.
  • Located near Southeastern University and Hammond Square Mall.

Property Analytics

Current Use

Stone Creek Apartments Apartment Complex

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom Auto Parts Store Garden Center Locksmith Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

457
Businesses Nearby

Demographics for 70403, LA

29,737
Population
13,577
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.3 sq mi
ZIP Area
703
Density / Sq Mi
$50,547
Median Household Income
$32,603
Median Earnings
$992
Median Rent
$207,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brand-new 2017 construction apartment building in Hammond, LA with consistently near full occupancy since lease-up.
Where is this apartment building located?
The property is located at 16218 E Minnesota Park Road Hammond, LA.
What are key features of this property?
This property features: Stone Creek Apartments is a brand‑new 2017 apartment building in Hammond, LA.; Near full occupancy maintained since lease‑up.; Located near Southeastern University and Hammond Square Mall.
More about this property
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