Hammond Multifamily Investment
14106 W Club Deluxe Rd, Hammond, LA 70403
Fully occupied 8-unit apartment complex in Hammond, Louisiana.
Type:Multifamily
Property size:
7,500 SFLot size:
1.00 AcrePrice / SF:
$106/SF- Added:
- Feb 23, 2026
- Days on Market:
- 89
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 14106 W Club Deluxe Rd
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 1.00 Acre
- Property subtype
- Multifamily
Building Details
- Year Built
- 1985
Listing agent Sergio Mesa License #912124506
Listing office Elite Real Estate Advisors
Listing date Feb 23, 2026
Source Crexi
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 Elite Real Estate Advisors
HighLights
- Fully occupied 8‑unit apartment complex, ensuring immediate income generation.
- Strategically located near Interstate 12, Interstate 55 and Highway 190, providing easy access to Baton Rouge and New Orleans.
- Low flood risk (Flood Zone X), enhancing tenant appeal and investment security.
- Each unit includes 2 bedrooms, 1 bathroom, and washer/dryer hookups, meeting tenant needs.
- Durable construction with concrete slabs, asphalt shingle roofs, brick veneer exterior, and concrete parking, minimizing maintenance.
- Located near Southeastern Louisiana University, shopping centers, dining, and recreational facilities, attracting a diverse tenant base.
Overview
Located at 14106 W Club Deluxe Road in Hammond, Louisiana, this multifamily property presents a prime investment opportunity. The fully occupied apartment complex features 8 units, each containing 2 bedrooms, 1 bathroom, and washer/dryer hookups. The property is situated on a well-maintained 1-acre site with concrete streets and parking spots. The duplex buildings are constructed on durable concrete slabs and feature asphalt shingle roofs, covered porches, and a brick veneer exterior. The location provides easy access to Interstate 12, Interstate 55 and Highway 190, facilitating commutes to Baton Rouge and New Orleans. Hammond is home to local schools and universities, including Southeastern Louisiana University. The surrounding area offers commercial amenities such as shopping centers, dining establishments, grocery stores, and professional services, including the Hammond Square Mall. The property is also near parks and recreational facilities. Utilities include city water, sewer, and trash services. Located within Flood Zone X, the property indicates low flood risk. The property is suitable for investors seeking to expand their multifamily holdings and acquire an income-generating asset. The total property size is 7500 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$544.9K
NOI $49,045 @ 9.00% cap · cautious / downside scenario
Moderate
$700.6K
NOI $49,045 @ 7.00% cap · market / base-case scenario
Aggressive
$980.9K
NOI $49,045 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.1k | $13.08 |
| − Vacancy | −$8.9k | −$1.19 |
| EGI | $89.2k | $11.89 |
| − OpEx | −$40.1k | −$5.35 |
| NOI | $49.0k | $6.54 |
7,500 SF · lease $13.08/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$700.6K
$613.1K – $817.4K
NOI $49,045 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,724 @ 7.0% cap · market cap 18.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Tangipahoa
- State
- Louisiana
- Longitude
- -90.4975627
- Latitude
- 30.4755972
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Fully occupied 8-unit apartment complex in Hammond, Louisiana.
Where is this apartment building located?
The property is located at 14106 W Club Deluxe Rd Hammond, LA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Fully occupied 8‑unit apartment complex, ensuring immediate income generation.; Strategically located near Interstate 12, Interstate 55 and Highway 190, providing easy access to Baton Rouge and New Orleans.; Low flood risk (Flood Zone X), enhancing tenant appeal and investment security.
