Updated Triplex with Dual Living
New
For Sale
$150,000
17448 Cardinal Ln, Hammond, LA 70401
Fresh paint and neutral finishes complement functional kitchens and full baths.
Property Size1,474 SF
Price / SF$101.76
Days on Market2
Property Features for 17448 Cardinal Ln
General Information
Standard status
Active
Size
1,474 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Listing Agency:
eXp Realty
Listed By:
Amanda Rickards · License #B19834
(225) 412-9982
Source:
Smartmove225
Added: Sep 2
Last Checked: Sep 2 at 2:15PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 1,474-square-foot triplex is arranged as two separate living units: one single unit and one larger double unit. The older home retains its antique-style character while incorporating fresh paint, updated flooring, neutral finishes, functional kitchens, and full baths. Interiors are bright and clean, with improvements that support the property's multi-unit configuration.
Mature trees and an established setting frame the property at 17448 Cardinal Ln in Hammond, Louisiana. The layout provides three living spaces within two separate units, offering flexibility for an investor or an owner seeking additional rental income.
Mature trees and an established setting frame the property at 17448 Cardinal Ln in Hammond, Louisiana. The layout provides three living spaces within two separate units, offering flexibility for an investor or an owner seeking additional rental income.
Key Highlights
- 1,474‑square‑foot triplex with three living spaces
- Two separate living units: one single unit and one larger double unit
- Fresh paint and updated flooring throughout the improved interiors
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
$11,086
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
7.39%
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%
$221,720
$221.7K
Cap Rate 7%
$158,371
$158.4K
Cap Rate 9%
$123,178
$123.2K
Market Conditions
NOI Build-Up for 1,474 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
$17.3K $11.76/SF
− Vacancy
−$1.5K −$1.02/SF
EGI
$15.8K $10.74/SF
− OpEx
−$4.8K −$3.22/SF
NOI
$11.1K $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 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%
$221,720
Cap Rate 7%
$158,371
Cap Rate 9%
$123,178
Alternative Uses
Best Use
Multifamily LT 5
$158.4K
$138.6K – $184.8K
NOI $11,086 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$137.7K
$120.5K – $160.7K
NOI $9,639 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$406.3K
$355.5K – $474.1K
NOI $28,443 @ 7.0% cap · market cap 18.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 70401, LA
21,014
Population
10,321
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
88%
High-School Grad
34.7 sq mi
ZIP Area
606
Density / Sq Mi
$50,995
Median Household Income
$31,405
Median Earnings
$977
Median Rent
$226,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fresh paint and neutral finishes complement functional kitchens and full baths.
Where is this triplex located?
The property is located at 17448 Cardinal Ln Hammond, LA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,474‑square‑foot triplex with three living spaces; Two separate living units: one single unit and one larger double unit; Fresh paint and updated flooring throughout the improved interiors
