Duplex with Remodeled
40216 HENDRIX Lane, Ponchatoula, LA 70454
For Sale
$275,000
Multifamily, Ponchatoula, LA
Property Size2,880 SF
Lot Size0.29 Acres
Price / SF$95.49
Days on Market375
Property Features for 40216 HENDRIX Lane
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
Keller Williams Realty Service
(985) 727-7000
Listed By:
William Joshua Frederick · License LA #912124137
(985) 215-3100
Added: Nov 3, 2025
Changed: Nov 8
Last Checked: Nov 12 at 6:06PM
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 2007 duplex contains 2,880 square feet across two units, each with three bedrooms and two bathrooms. Unit A was remodeled in 2022. Both residences have full kitchens, large living areas and laundry connections, and the building has central heating and central air conditioning. Vinyl siding and covered parking are also part of the property.
The site encompasses 0.29 acres in Ponchatoula, Louisiana. Public water serves the property. Additional on-site square footage is identified as a possible area for conversion to a third rental unit, subject to remodeling.
The site encompasses 0.29 acres in Ponchatoula, Louisiana. Public water serves the property. Additional on-site square footage is identified as a possible area for conversion to a third rental unit, subject to remodeling.
Key Highlights
- 2,880‑square‑foot duplex with two 3‑bedroom, 2‑bathroom units
- Unit A remodeled in 2022
- 0.29‑acre parcel in Ponchatoula, Louisiana
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
$219,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Tangipahoa County, LA
Properties on Market for Duplexes in Tangipahoa County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences include central heating and air conditioning, with covered parking on site.
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: 2,880‑square‑foot duplex with two 3‑bedroom, 2‑bathroom units; Unit A remodeled in 2022; 0.29‑acre parcel in Ponchatoula, Louisiana
