8-Unit Apartment
For Sale
$795,000
14106 W CLUB DELUXE Road, Hammond, LA 70403
Multi-Family, Traditional, Hammond, LA
Property Size7,400 SF
Lot Size1.00 Acre
Price / SF$107.43
Days on Market325
Property Features for 14106 W CLUB DELUXE Road
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Subdivision
Not a Subdivision
Lot features
1-5 Acres, Oversized
Standard status
Active
Size
7,400 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
1.00A IN SEC 40 T6SR7E & 45T7SR7E
Legal Description
1.00A IN SEC 40 T6SR7E & 45T7SR7E
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
covered porches
Building Details
Year built
1985
Floors in Building
1
Number of units
8
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Elite Real Estate Advisors · Century 21 Real Estate
(985) 542-7601
Listed By:
Sergio Mesa · License #912124506
(504) 390-5229
Added: Nov 10, 2025
Changed: Sep 24
Last Checked: Oct 1 at 3:06AM
MLS# 2529124
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8-unit apartment property in Hammond contains 7,400 square feet on a 1-acre site. Built in 1985, the complex consists of duplex buildings with concrete slab foundations, asphalt shingle roofs, covered porches, and brick veneer exteriors. Each unit includes two bedrooms, one bathroom, and washer/dryer hookups, with central heating and central air. The units are fully occupied, and the property is served by public water along with city sewer and trash services.
Concrete drives and on-site parking support circulation throughout the grounds. The property is located near Interstate 12, Interstate 55, and Highway 190, with access to Hammond schools, Southeastern Louisiana University, shopping, dining, grocery stores, professional services, parks, and recreational facilities. The site is classified within Flood Zone X.
Concrete drives and on-site parking support circulation throughout the grounds. The property is located near Interstate 12, Interstate 55, and Highway 190, with access to Hammond schools, Southeastern Louisiana University, shopping, dining, grocery stores, professional services, parks, and recreational facilities. The site is classified within Flood Zone X.
Key Highlights
- 8 units with 2 bedrooms and 1 bathroom per unit
- 7,400 square feet on 1 acre
- Built in 1985 with concrete slabs, brick veneer, and asphalt shingle roofs
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
$48,391
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
6.09%
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%
$967,820
$967.8K
Cap Rate 7%
$691,300
$691.3K
Cap Rate 9%
$537,678
$537.7K
Market Conditions
NOI Build-Up for 7,400 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
$96.8K $13.08/SF
− Vacancy
−$8.8K −$1.19/SF
EGI
$88.0K $11.89/SF
− OpEx
−$39.6K −$5.35/SF
NOI
$48.4K $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%
$967,820
Cap Rate 7%
$691,300
Cap Rate 9%
$537,678
Alternative Uses
Best Use
Apartment 5plus
$691.3K
$604.9K – $806.5K
NOI $48,391 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,795 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Each residence offers two bedrooms, one bathroom, and washer/dryer hookups.
Where is this apartment building located?
The property is located at 14106 W CLUB DELUXE Road 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: 8 units with 2 bedrooms and 1 bathroom per unit; 7,400 square feet on 1 acre; Built in 1985 with concrete slabs, brick veneer, and asphalt shingle roofs
