Hammond Multifamily Investment
202 204 206 W CLARK Street Hammond, LA 70401
For Sale
$245,000
MULTI_FAMILY - Hammond, LA
Property Size2,650 SF
Price / SF$92.45
Days on Market182
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
Listing Agency:
Keller Williams Realty Services
(985) 727-7000
Listed By:
Anthony Neeson
(985) 727-7000
Added: Jan 25
Changed: Jul 16
Last Checked: Jul 26 at 7:06PM
MLS# 2539931
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 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.
Key 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
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
NOI $19,930 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$247.6K
$216.6K – $288.8K
NOI $17,329 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$730.5K
$639.2K – $852.3K
NOI $51,136 @ 7.0% cap · market cap 20.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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
