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    Hammond Multifamily Investment Opportunity Title is generated by Realmo AI

    202 204 206 W CLARK Street, Hammond, LA 70401

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    Claim this Listing
    For Sale
    $245,000

    MULTI_FAMILY - Hammond, LA

    Property size:
    2,650 SF
    Price / SF:
    $92/SF
    Added:
    Jan 25, 2026
    Days on Market:
    137
    Last Refresh:
    Jun 11 at 5:06 pm

    Property Features for 202 204 206 W CLARK Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Driveway
    Standard status
    Active
    APN
    70401WCLARK20204206
    Size
    2,650 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1956
    Floors in Building
    1
    Number of units
    3
    Roof type
    Asphalt, Shingle
    Architectural style
    Cottage

    We can help!

    Listing Contact
    Anthony Neeson

    Listing agent Anthony Neeson

    Listing office Keller Williams Realty Services 1522 W. Causeway Approach, Mandeville, LA

    Listing date Jan 25, 2026

    MLS# 2539931 Listing URL

    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.

    HighLights

    • 3‑unit incoming‑producing property mix: two 2 bed, 1 bath units and one 3 bed, 1 bath unit
    • Oversized lots with each unit set up on its own lot
    • Central heating and central air conditioning
    • Public water service
    • Shingle asphalt roof
    • Year built 1956 with cottage architectural style

    Overview

    This multifamily property presents an investment opportunity with three income-producing units. The property is centrally located near I-55, downtown Hammond amenities, and Southeastern Louisiana University. It includes two 2-bedroom, 1-bath units and one 3-bedroom, 1-bath unit, all situated on oversized lots. The total property size is 2650 square feet.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $31.2k $11.76
    − Vacancy −$2.7k −$1.02
    EGI $28.5k $10.74
    − OpEx −$8.5k −$3.22
    NOI $19.9k $7.52
    2,650 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $284.7K
    $249.1K – $332.2K (±1% cap)
    NOI $19,930 @ 7.0% cap · market cap 8.13%
    Second Best
    Apartment 5plus
    $247.6K
    $216.6K – $288.8K (±1% cap)
    NOI $17,329 @ 7.0% cap · market cap 7.07%
    Theoretical Best
    Office A
    $730.5K
    $639.2K – $852.3K (±1% cap)
    NOI $51,136 @ 7.0% cap · market cap 20.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.476158
    Latitude
    30.503008

    FAQs

    What type of property is this?
    Triplex - Three income-producing properties near I-55 and Southeastern Louisiana University.
    Where is this triplex located?
    The property is located at 202 204 206 W CLARK Street Hammond, LA.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: 3‑unit incoming‑producing property mix: two 2 bed, 1 bath units and one 3 bed, 1 bath unit; Oversized lots with each unit set up on its own lot; Central heating and central air conditioning
    More about this property
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