Remodeled Two-Unit
For Sale
$275,000
40216 Hendrix Ln, Ponchatoula, LA 70454
Two residential units feature full kitchens, spacious living areas, and in-unit laundry connections.
Property Size2,880 SF
Price / SF$95.49
Days on Market89
Property Features for 40216 Hendrix Ln
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$32,940
Amenities
in-unit laundry connections
Building Details
Year Built
2007
Buildings
1
Listing Agency:
Keller Williams Realty Services
Listed By:
Will Frederick · License #0912124137
(225) 939-6072
Source:
Dominionplace
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 7 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Services
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Investment Insights
Based on property information with market context.
Built in 2007, this duplex contains two residential units with matching layouts of three bedrooms, two bathrooms, and approximately 1,440 square feet of living space per unit. Each residence includes a full kitchen, generous living area, and connections for in-unit laundry. Unit A received a full remodel in 2022, including updated systems and contemporary finishes. Unit B has been occupied by the same tenant for more than three years.
The property is located at 40216 Hendrix Ln in Ponchatoula, Louisiana. Additional square footage on the site has been identified for possible conversion into a third rental unit, subject to the necessary remodeling work.
The property is located at 40216 Hendrix Ln in Ponchatoula, Louisiana. Additional square footage on the site has been identified for possible conversion into a third rental unit, subject to the necessary remodeling work.
Key Highlights
- Two‑unit duplex with 2,880 square feet of property size
- Each unit offers 3 bedrooms, 2 bathrooms, and approximately 1,440 sq. ft. of living space
- Unit A was fully remodeled in 2022 with updated systems and modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,660
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,200
$433.2K
Cap Rate 7%
$309,429
$309.4K
Cap Rate 9%
$240,667
$240.7K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$33.9K $11.76/SF
− Vacancy
−$2.9K −$1.02/SF
EGI
$30.9K $10.74/SF
− OpEx
−$9.3K −$3.22/SF
NOI
$21.7K $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 Rate 5%
$433,200
Cap Rate 7%
$309,429
Cap Rate 9%
$240,667
Alternative Uses
Best Use
Multifamily LT 5
$309.4K
$270.8K – $361.0K
NOI $21,660 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$269.0K
$235.4K – $313.9K
NOI $18,833 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$793.9K
$694.7K – $926.2K
NOI $55,574 @ 7.0% cap · market cap 20.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
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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?
Duplex - Two residential units feature full kitchens, spacious living areas, and in-unit laundry connections.
Where is this duplex located?
The property is located at 40216 Hendrix Ln Ponchatoula, LA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,880 square feet of property size; Each unit offers 3 bedrooms, 2 bathrooms, and approximately 1,440 sq. ft. of living space; Unit A was fully remodeled in 2022 with updated systems and modern finishes
