Cottage-Style Multifamily
41126 W Lee Hughes Road, Hammond, LA 70401
For Sale
New
$2,750,000
Built in 2025, the property has central air, refrigerators, and carport parking.
Property Size30,000 SF
Days on Market7
Property Features for 41126 W Lee Hughes Road
General Information
Standard status
Size
Property subtype
Amenities
Central Air, Multi Units
Central
Refrigerator
Carport
Cottage
Building Details
Building Size
Year Built
Buildings
Listing Agency:
STOPHCO 2, LLC
Listed By:
Liesha P Foster · License #995689151
(985) 981-2089
Source:
Evrealestate
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 5:00PM
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 STOPHCO 2, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property at 41126 W Lee Hughes Road in Hammond was built in 2025. Property features include cottage-style improvements, carport parking, central air with multiple units, and refrigerators.
Access is described from I-55 via the Wardline/University exit, continuing along Wardline and West Lee Hughes Road to Brian and Ashley Drive.
Access is described from I-55 via the Wardline/University exit, continuing along Wardline and West Lee Hughes Road to Brian and Ashley Drive.
Key Highlights
- Built in 2025
- Cottage‑style improvements with carport parking
- Central air with multiple units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,180
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,923,600
$3.9M
Cap Rate 7%
$2,802,571
$2.8M
Cap Rate 9%
$2,179,778
$2.2M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$392.4K $13.08/SF
− Vacancy
−$35.7K −$1.19/SF
EGI
$356.7K $11.89/SF
− OpEx
−$160.5K −$5.35/SF
NOI
$196.2K $6.54/SF
Area
Tangipahoa County, LA
Vacancy
9.10%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,923,600
Cap Rate 7%
$2,802,571
Cap Rate 9%
$2,179,778
Alternative Uses
Best Use
Apartment 5plus
$2.80M
$2.45M – $3.27M
NOI $196,180 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.27M
$7.24M – $9.65M
NOI $578,897 @ 7.0% cap · market cap 21.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 70401, LA
21,014
Population
10,321
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
88%
High-School Grad
34.7 sq mi
ZIP Area
606
Density / Sq Mi
$50,995
Median Household Income
$31,405
Median Earnings
$977
Median Rent
$226,800
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Hammond, LA
Properties on Market for Multifamily properties in Hammond
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 2025, the property has central air, refrigerators, and carport parking.
Where is this multifamily property located?
The property is located at 41126 W Lee Hughes Road Hammond, LA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Built in 2025; Cottage‑style improvements with carport parking; Central air with multiple units
