Listing Agency: Property First Realty Group

Listed By: Jennifer Dipuma · License #0995697826 Show Phone

Source: Larry.agent225

Added: Aug 17 Changed: Sep 9 Last Checked: Oct 5 at 7:56PM

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Investment Insights

Based on property information with market context.

Located at 1311 Bauerle Road in Hammond, this duplex contains two matching residences. Each unit provides two bedrooms, one bathroom, and approximately 806 square feet of living area. Individual side gates serve the privacy-fenced backyard areas, adding defined outdoor space for residents and pets.

Both units are currently leased, providing an established occupancy profile. The property is situated near Southeastern Louisiana University and North Oaks Hospital, with shopping, dining, and everyday services also nearby. Its two-unit configuration and consistent layouts offer a straightforward multifamily format in Hammond.

Key Highlights

• Two‑unit duplex with identical layouts
• Each residence includes 2 bedrooms, 1 bathroom, and approximately 806 square feet
• Both units are currently leased

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,087

Cap Rate

6.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$301,740 $301.7K

Cap Rate 7%

$215,529 $215.5K

Cap Rate 9%

$167,633 $167.6K

Market Conditions

NOI Build-Up for 2,006 SF

Gross rent

$23.6K $11.76/SF

− Vacancy

−$2.0K −$1.02/SF

EGI

$21.6K $10.74/SF

− OpEx

−$6.5K −$3.22/SF

NOI

$15.1K $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%

$301,740

Cap Rate 7%

$215,529

Cap Rate 9%

$167,633

Alternative Uses

Best Use

Multifamily LT 5

$215.5K

$188.6K – $251.5K (±1% cap)

NOI $15,087 @ 7.0% cap · market cap 6.03%

Second Best

Apartment 5plus

$187.4K

$164.0K – $218.6K (±1% cap)

NOI $13,118 @ 7.0% cap · market cap 5.25%

Theoretical Best

Office A

$553.0K

$483.9K – $645.2K (±1% cap)

NOI $38,709 @ 7.0% cap · market cap 15.48%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply HVAC Service Auto Parts Store Plumbing Service Electrical Service Garden 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.

Location Intelligence

Trade Area within ½ mile

701

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two leased units offer matching layouts and private fenced backyards with separate side gates.

Where is this duplex located?

The property is located at 1311 Bauerle Rd Hammond, LA.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Two‑unit duplex with identical layouts; Each residence includes 2 bedrooms, 1 bathroom, and approximately 806 square feet; Both units are currently leased