Two-Unit Duplex Investment
309 Hewitt Rd Hammond, LA 70403
New
For Sale
$250,000
MULTI_FAMILY - Hammond, LA
Property Size2,006 SF
Lot Size0.16 Acres
Price / SF$124.63
Days on Market2
Property Features for 309 Hewitt Rd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Carport, Covered
Patio and Porch features
Patio
Interior features
Storage in Building, Electric Stove Con.
Exterior features
Lighting
Fencing
Privacy
Appliances
Washer/Dryer All, Electric Cooktop, Range/Oven, Refrigerator
Standard status
Active
Size
2,006 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
0.16A IN SEC 36 T6SR7E HAMMOND B592 P286 B624 P823 B641 P759 B644 P280 B754 P200 B782 P682-684 B823 P517 B950 P738 B1652 P141 B1668 P144 B1670 P558
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile
Building materials
Brick Siding, Wood Siding, Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Property First Realty Group
(225) 443-0055
Listed By:
Jennifer Dipuma · License #0995697826
(225) 443-0055
Added: Jul 26
Last Checked: Jul 27 at 10:06AM
MLS# 2026013662
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 well-maintained duplex offers two identical residential units. Each unit includes two bedrooms and one bathroom, with approximately 806 square feet of living space. Both units feature full privacy wooden fences in the backyard.
The property is located at 309 Hewitt Rd in Hammond, Louisiana. It is described as being just minutes from Southeastern Louisiana University, North Oaks Hospital, and local shopping and dining.
Unit B is currently vacant and listed for rent, while the other unit is leased, providing existing income per the listing remarks.
The property is located at 309 Hewitt Rd in Hammond, Louisiana. It is described as being just minutes from Southeastern Louisiana University, North Oaks Hospital, and local shopping and dining.
Unit B is currently vacant and listed for rent, while the other unit is leased, providing existing income per the listing remarks.
Key Highlights
- Income‑producing duplex at 309 Hewitt Road, Hammond with 2 identical units
- Each unit offers 2 bedrooms, 1 bathroom, and approximately 806 SF of living space
- Currently leased for $1,350 per month; Unit B is listed active for rent and currently vacant
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 | $23.6k | $11.76 |
| − Vacancy | −$2.0k | −$1.02 |
| EGI | $21.6k | $10.74 |
| − OpEx | −$6.5k | −$3.22 |
| NOI | $15.1k | $7.52 |
2,006 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$215.5K
$188.6K – $251.5K
NOI $15,087 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$187.4K
$164.0K – $218.6K
NOI $13,118 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$553.0K
$483.9K – $645.2K
NOI $38,709 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two identical two-bedroom, one-bath units, each with private fenced backyards.
Where is this duplex located?
The property is located at 309 Hewitt Rd Hammond, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Income‑producing duplex at 309 Hewitt Road, Hammond with 2 identical units; Each unit offers 2 bedrooms, 1 bathroom, and approximately 806 SF of living space; Currently leased for $1,350 per month; Unit B is listed active for rent and currently vacant
