Duplex with Covered
For Sale
$275,000
40216 HENDRIX Lane, Ponchatoula, LA 70454
Multifamily, Ponchatoula, LA
Property Size2,880 SF
Lot Size0.29 Acres
Price / SF$95.49
Days on Market356
Property Features for 40216 HENDRIX Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 1
Parking features
Covered
Subdivision
Not a Subdivision
Standard status
Active
APN
02066807
Size
2,880 SF
Lot size
0.29 Acres
Additional Details
Tenant in Place
Yes
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
Legal 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
Number of units
2
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
Keller Williams Realty Serv.
(985) 727-7000
Listed By:
William Joshua Frederick · License #912124137
(985) 215-3100
Added: Nov 3, 2025
Changed: Oct 24
Last Checked: Oct 25 at 11:06AM
MLS# 2529245
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.
This duplex contains two units, each with 3 bedrooms, 2 bathrooms and approximately 1,440 square feet. Both have full kitchens, spacious living areas and connections for in-unit laundry. Central heating and air conditioning serve the residences, and covered parking is provided. The building dates to 2007 and has vinyl siding; public water serves the property.
One unit received a full remodel in 2022. The second has had a tenant for more than three years. The site measures 0.29 acres and includes additional building area that could be converted into a third unit with remodeling.
One unit received a full remodel in 2022. The second has had a tenant for more than three years. The site measures 0.29 acres and includes additional building area that could be converted into a third unit with remodeling.
Key Highlights
- Two units, each with 3 bedrooms, 2 bathrooms and approximately 1,440 square feet
- 0.29‑acre site with additional building area that could be remodeled for a third unit
- One residence remodeled in 2022
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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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 three-bedroom residences include separate laundry connections and central heating and cooling.
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: Two units, each with 3 bedrooms, 2 bathrooms and approximately 1,440 square feet; 0.29‑acre site with additional building area that could be remodeled for a third unit; One residence remodeled in 2022
