Listed By: Amanda Rickards Show Phone

Added: Sep 1 Changed: Sep 14

Report an Issue

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,086

Cap Rate

7.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$221,720 $221.7K

Cap Rate 7%

$158,371 $158.4K

Cap Rate 9%

$123,178 $123.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,474 SF

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 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 (±1% cap)

NOI $11,086 @ 7.0% cap · market cap 7.39%

Second Best

Apartment 5plus

$137.7K

$120.5K – $160.7K (±1% cap)

NOI $9,639 @ 7.0% cap · market cap 6.43%

Theoretical Best

Office A

$406.3K

$355.5K – $474.1K (±1% cap)

NOI $28,443 @ 7.0% cap · market cap 18.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

Mixed-Use Property with Multiple Buildings

44216 S RANGE Road, Hammond, LA 70465

$225,000

0.28 Acres

View details

Fenced-Yard Two-Unit Duplex

1311 Bauerle Rd, Hammond, LA 70403

$250,000

2,006 SF

View details

Duplex with Fenced Backyards

309 Hewitt Rd, Hammond, LA 70403

$250,000

2,006 SF

View details

Character-Rich Mixed-Use Property

602 E MORRIS AVENUE, Hammond, LA 70403

$625,000

4,119 SF

View details

3-Duplex Property

47024 Ligia Place, Hammond, LA 70401

$785,000

5,320 SF

View details

Highway Frontage Mixed-Use Property

12289 Hwy 190, Hammond, LA 70401

$155,000

1,500 SF

View details

Professional Office Building

1003 E Morris Ave, Hammond, LA 70403

$195,000

1,401 SF

View details

Live-Work Property with Separate Entry

112 N SCANLAN Street, Hammond, LA 70401

$185,000

1,210 SF

View details

Two-Level Office Unit

1206 Jw Davis Drive #109, Hammond, LA 70403

$110,000

1,800 SF

View details

Office Building with Fenced Yard

1024 S Cypress St, Hammond, LA 70403

$400,000

1,553 SF

View details

Retail Property with Rail Access

43391 S Holly St, Hammond, LA 70403

$180,000

2,000 SF

View details

Commercial Storefront Property

1242 S Morrison Boulevard P, Hammond, LA 70403

$325,000

1,981 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two separate living units offer flexible residential income potential in an established Hammond setting.

Where is this duplex 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.