Hammond Multifamily Investment
For Sale
Contact for pricing
14106 W Club Deluxe Rd, Hammond, LA 70403
Fully occupied 8-unit apartment complex in Hammond, Louisiana.
Property Size7,500 SF
Lot Size1.00 Acre
Price / SF$106
Days on Market180
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
Units
8
Listing Agency:
Elite Real Estate Advisors
(985) 542-7601
Listed By:
Sergio Mesa · License #912124506
Source:
Crexi
Added: Feb 23
Changed: Aug 15
Last Checked: Aug 22 at 11:14AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,045
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$980,900
$980.9K
Cap Rate 7%
$700,643
$700.6K
Cap Rate 9%
$544,944
$544.9K
Market Conditions
NOI Build-Up for 7,500 SF
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.
Gross rent
$98.1K $13.08/SF
− Vacancy
−$8.9K −$1.19/SF
EGI
$89.2K $11.89/SF
− OpEx
−$40.1K −$5.35/SF
NOI
$49.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$980,900
Cap Rate 7%
$700,643
Cap Rate 9%
$544,944
Alternative Uses
Best Use
Apartment 5plus
$700.6K
$613.1K – $817.4K
NOI $49,045 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,724 @ 7.0% cap · market cap 18.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
57
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 $795,000.
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.
