Three-Residence Multifamily
For Sale
$535,000
26111 HARVEY LAVIGNE Road, Ponchatoula, LA 70454
Multifamily, Ponchatoula, LA
Property Size5,103 SF
Lot Size5.00 Acres
Price / SF$104.84
Days on Market39
Property Features for 26111 HARVEY LAVIGNE Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 6, Bedroom 7, Bedroom 8, Bedroom 2, Bedroom 1, Bathroom 5
Parking features
Carport
Subdivision
Not a Subdivision
Directions
I-12 to Robert- head South on Hwy 445- Left on Mike Cooper- Right on Harvey Lavigne- approx 1.5 miles on left
Standard status
Active
APN
05476607
Size
5,103 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Description
5.00A BEING TR 1 OF WALLER MINI PART IN SEC 34 T6SR9E
Legal Description
5.00A BEING TR 1 OF WALLER MINI PART IN SEC 34 T6SR9E
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front features
Pond
Amenities
barn
stable
stocked pond
above-ground pool with deck and bar area
solar panels
Building Details
Year built
1992
Number of units
3
Building materials
Brick, Vinyl Siding
Architectural style
Other
Listing Agency:
Elite Real Estate Advisors · Century 21 Real Estate
(985) 542-7601
Listed By:
Jena Milazzo Nichols · License #995687309
(985) 634-0932
Added: Sep 16
Changed: Oct 23
Last Checked: Oct 24 at 1:06AM
MLS# 2577448
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on 5 acres in Ponchatoula, this multifamily property contains three residences with a combined 5,103 square feet of living area. The main Acadian-style house offers 2,591 square feet, four bedrooms, and three bathrooms; it was built in 1992 and renovated in 2008. A studio-style guest residence adds approximately 400 square feet and one bathroom. The 2021 double-wide home has 2,112 square feet, three bedrooms, and two bathrooms, plus a 384-square-foot porch.
Additional improvements include a two-story barn, a stable, an above-ground pool with a deck and bar area, and a stocked pond with bass and catfish. The property is in Flood Zone X. Public water serves all three residences; sewer is via septic tank. The main house has solar panels, a metal roof, and windows installed in 2019. Its propane tank and solar panels are leased. The double-wide includes a tankless water heater, and its propane tank is also leased.
Additional improvements include a two-story barn, a stable, an above-ground pool with a deck and bar area, and a stocked pond with bass and catfish. The property is in Flood Zone X. Public water serves all three residences; sewer is via septic tank. The main house has solar panels, a metal roof, and windows installed in 2019. Its propane tank and solar panels are leased. The double-wide includes a tankless water heater, and its propane tank is also leased.
Key Highlights
- Three residences totaling 5,103 square feet on 5 acres
- Main house: 2,591 square feet, 4 bedrooms, 3 bathrooms; built in 1992 and renovated in 2008
- 2021 double‑wide: 2,112 square feet, 3 bedrooms, 2 bathrooms, and a 384‑square‑foot porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,370
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,400
$667.4K
Cap Rate 7%
$476,714
$476.7K
Cap Rate 9%
$370,778
$370.8K
Market Conditions
NOI Build-Up for 5,103 SF
Gross rent
$66.7K $13.08/SF
− Vacancy
−$6.1K −$1.19/SF
EGI
$60.7K $11.89/SF
− OpEx
−$27.3K −$5.35/SF
NOI
$33.4K $6.54/SF
Area
Tangipahoa County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,400
Cap Rate 7%
$476,714
Cap Rate 9%
$370,778
Alternative Uses
Best Use
Apartment 5plus
$476.7K
$417.1K – $556.2K
NOI $33,370 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,470 @ 7.0% cap · market cap 18.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 70454, LA
32,154
Population
14,132
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
87%
High-School Grad
174.6 sq mi
ZIP Area
184
Density / Sq Mi
$70,560
Median Household Income
$46,159
Median Earnings
$1,124
Median Rent
$219,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three separate homes, a barn, and a stable occupy a five-acre property served by public water.
Where is this multifamily property located?
The property is located at 26111 HARVEY LAVIGNE Road Ponchatoula, LA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Three residences totaling 5,103 square feet on 5 acres; Main house: 2,591 square feet, 4 bedrooms, 3 bathrooms; built in 1992 and renovated in 2008; 2021 double‑wide: 2,112 square feet, 3 bedrooms, 2 bathrooms, and a 384‑square‑foot porch
