40216 HENDRIX Lane, Ponchatoula, LA 70454
MULTI_FAMILY - Ponchatoula, LA
- Added:
- Nov 3, 2025
- Days on Market:
- 232
- Last Refresh:
- Jun 23 at 7:06 pm
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
- Architectural style
- Other
Listing agent Will Frederick License #912124137 (985) 727-7000
Listing office Keller Williams Realty Services 1522 W. Causeway Approach, Mandeville, LA (985) 727-7000
Listing date Nov 3, 2025
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.
HighLights
- $2,745/month gross income reported for this duplex with a long‑term rental history
- Duplex built in 2007 offering 3 bed, 2 bath units with approximately 1,440 SF each
- Unit A fully remodeled in 2022 with updated systems and modern finishes
- Unit B has a tenant of over 3 years for immediate, stable occupancy
- Both units include in‑unit laundry connections and full kitchens with large living areas
- Additional on‑site square footage could be converted to a third rental unit (triplex potential)
Overview
Local 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 | $33.9k | $11.76 |
| − Vacancy | −$2.9k | −$1.02 |
| EGI | $30.9k | $10.74 |
| − OpEx | −$9.3k | −$3.22 |
| NOI | $21.7k | $7.52 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ponchatoula
- County
- Tangipahoa
- State
- Louisiana
- Longitude
- -90.460758
- Latitude
- 30.444092
