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    40216 HENDRIX Lane Ponchatoula, LA 70454

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    For Sale
    $275,000

    MULTI_FAMILY - Ponchatoula, LA

    Property size:
    2,880 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $95/SF
    Added:
    Nov 3, 2025
    Days on Market:
    184
    Last Refresh:
    May 6 at 11:06 am

    Property Features for 40216 HENDRIX Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Carport, Covered
    Standard status
    Active
    APN
    02066807
    Size
    2,880 SF
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Description
    LOT MEAS 90 X 139.80 FT IN LOT 8 OF SUB IN SEC 59 T7SR7E B441 P181 B522 P392 B547 P722 B744 P295 B809 P302 B890 P282 B973 P157 B1090 P226 B1098 P79 B1117 P586 B1130 P507 B1552 P462

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2007
    Floors in Building
    1
    Number of units
    2
    Roof type
    Shingle

    We can help!

    Listing Contact
    Will Frederick
    Will Frederick

    Listing agent Will Frederick License #912124137

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

    Listing date Nov 3, 2025

    MLS# 2529245 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.

    Overview

    Income-Producing Duplex in Ponchatoula

    This income-producing duplex features a strong rental history and generates $2,745 per month in gross income. Each unit includes 3 bedrooms, 2 bathrooms, and approximately 1,440 square feet of living space. Unit A was fully remodeled in 2022 with modern finishes and updated systems. Unit B has a long-term tenant of over 3 years, providing stable cash flow. Both units offer comfortable layouts with large living areas, full kitchens, and in-unit laundry connections. The property includes additional square footage on site that could be converted into a third rental unit, potentially transforming the property into a triplex and increasing returns. The property is located in Ponchatoula, LA, within Tangipahoa Parish, and sits on a 0.29-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ponchatoula
    County
    Tangipahoa
    State
    Louisiana
    Longitude
    -90.460758
    Latitude
    30.444092

    Nearby Similar for Sale

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    • $390,000

      Ponchatoula Industrial Property For Sale

      Industrial property available for purchase in Ponchatoula, Louisiana.
      41030 Eileen Ln, Ponchatoula, LA 70454
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    FAQs

    What type of property is this?
    Duplex - Spacious duplex with strong rental history and income potential.
    Where is this duplex located?
    The property is located at 40216 HENDRIX Lane 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: Strong income‑producing duplex generating $2,745 per month.; Unit A fully remodeled in 2022 with modern finishes.; Potential to convert additional square footage into a third rental unit (triplex conversion).
    (985) 727-7000
    We can help!
    Listing Contact
    Will Frederick
    Will Frederick
    Real Estate License ID: 912124137
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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