Updated 4-Unit Multifamily
For Sale
$285,000
44154 Simpson Pl, Hammond, LA 70403
Four updated residential units provide a consistent two-bedroom, one-bath layout near Southeastern University.
Property Size3,619 SF
Price / SF$78.75
Days on Market542
Property Features for 44154 Simpson Pl
General Information
Standard status
Active
Size
3,619 SF
Property subtype
Multifamily
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
1983
Listing Agency:
MS Realty, LLC
Listed By:
Stephanie Morris · License #995694030
(504) 655-7940
Source:
Lacdb.resimplifi
Added: Apr 23, 2025
Changed: Oct 13
Last Checked: Oct 16 at 5:46AM
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 MS Realty, LLC
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Investment Insights
Based on property information with market context.
This multifamily property contains four residential units, each arranged with two bedrooms and one bathroom. The units have been updated, and the building provides 3,619 square feet of property area. Constructed in 1983, the asset offers a defined four-unit configuration at 44154 Simpson Pl in Hammond, Louisiana.
Southeastern University is within 15 minutes, while I-55 and other major thoroughfares provide access to the surrounding area. The property is one of four offerings on Simpson Pl identified in the listing information.
Southeastern University is within 15 minutes, while I-55 and other major thoroughfares provide access to the surrounding area. The property is one of four offerings on Simpson Pl identified in the listing information.
Key Highlights
- Four‑unit multifamily property
- Each unit includes 2 bedrooms and 1 bathroom
- Updated residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,666
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,320
$473.3K
Cap Rate 7%
$338,086
$338.1K
Cap Rate 9%
$262,956
$263.0K
Market Conditions
NOI Build-Up for 3,619 SF
Gross rent
$47.3K $13.08/SF
− Vacancy
−$4.3K −$1.19/SF
EGI
$43.0K $11.89/SF
− OpEx
−$19.4K −$5.35/SF
NOI
$23.7K $6.54/SF
Area
Tangipahoa County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,320
Cap Rate 7%
$338,086
Cap Rate 9%
$262,956
Alternative Uses
Best Use
Apartment 5plus
$338.1K
$295.8K – $394.4K
NOI $23,666 @ 7.0% cap · market cap 8.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$997.6K
$872.9K – $1.16M
NOI $69,834 @ 7.0% cap · market cap 24.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
80
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four updated residential units provide a consistent two-bedroom, one-bath layout near Southeastern University.
Where is this multifamily property located?
The property is located at 44154 Simpson Pl Hammond, LA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Four‑unit multifamily property; Each unit includes 2 bedrooms and 1 bathroom; Updated residential units
