Duplex Property with Updated
New
For Sale
$150,000
17448 Cardinal Ln, Hammond, LA 70401
Residential Income, Hammond, LA
Property Size1,474 SF
Lot Size0.53 Acres
Price / SF$101.76
Days on Market2
Property Features for 17448 Cardinal Ln
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
Electric Stove Con.
Appliances
Refrigerator
Subdivision
Not A Subdivision
Lot features
Additional Land Lot, Additional Land Lot
Elementary school district
Tangipahoa Parish
Middle school district
Tangipahoa Parish
High school district
Tangipahoa Parish
Directions
From LA Highway 190 in turn north onto Morris Road (LA 443). Cardinal Lane is 1.6 miles On the right.
Standard status
Active
Size
1,474 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Description
.52A BEING TR 2B-1 OF GUILEYARDO MINOR SUB IN SEC 18 T6SR8E B1043 P89 B1079 P778 B1452 P430 B1692 P663 B1696 P256
Legal Description
.52A BEING TR 2B-1 OF GUILEYARDO MINOR SUB IN SEC 18 T6SR8E B1043 P89 B1079 P778 B1452 P430 B1692 P663 B1696 P256
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Flooring type
Wood
Building materials
Wood Siding, Frame
Listing Agency:
eXp Realty
(225) 412-9982
Listed By:
Amanda Rickards · License #B19834
(225) 252-1863
Added: Sep 1
Last Checked: Sep 2 at 5:06PM
MLS# 2026016155
Copyright © 2026 Greater Baton Rouge 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 1,474-square-foot duplex property includes two separate living units, described as a single unit and a larger double unit. The older wood-frame home retains its original character while incorporating fresh paint, updated flooring, neutral finishes, functional kitchens, and full bathrooms. Wood siding, wood flooring, central air, electric heat, a refrigerator, and an electric stove connection are among the documented improvements and features.
Set on 0.53 acres at 17448 Cardinal Ln in Hammond, the property has mature trees and an established residential setting. Public water and a septic tank serve the site. The configuration supports residential use with the possibility of additional rental income, as reflected in the two-unit layout.
Set on 0.53 acres at 17448 Cardinal Ln in Hammond, the property has mature trees and an established residential setting. Public water and a septic tank serve the site. The configuration supports residential use with the possibility of additional rental income, as reflected in the two-unit layout.
Key Highlights
- Two separate living units, including a single unit and a larger double unit
- 1,474 square feet of property size on 0.53 acres
- Fresh paint, updated flooring, and neutral interior finishes
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?
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.
What are key features of this property?
This property features: Two separate living units, including a single unit and a larger double unit; 1,474 square feet of property size on 0.53 acres; Fresh paint, updated flooring, and neutral interior finishes
