Multifamily Income Property with
44528 TIFFANY LYNN Court Hammond, LA 70403
44528 TIFFANY LYNN Court, Hammond, LA, 70403
$580,000
For Sale
$580,000
COMMERCIAL - Hammond, LA
Property Size3,350 SF
Lot Size3.72 Acres
Price / SF$173.13
Days on Market53
Property Features for 44528 TIFFANY LYNN Court
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- RC
- Parking features
- Driveway
- Standard status
- Active
- APN
- 6175031
- Size
- 3,350 SF
- Lot size
- 3.72 Acres
Taxes and HOA fees
- Tax Description
- 3.63A IN SEC 20 T6SR8E B1010 P834
Utilities
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 1
Listing Agency
Realty Executives Florida Parishes
(985) 956-7477
200 E Charles St., Hammond, LA
Listed by
Sam DiVittorio · License #995688138
(985) 956-7477
Added: May 29 Checked: Jul 20 at 4:06 am
MLS# 2560316
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.
Investment Insights
Based on property information with market context.
This for-sale multifamily income property is set on 3.72 acres and includes five income-producing rental units: two duplexes and one single-family home. The units are currently 100% occupied. In addition to the housing, the property features a 4,080 SF storage building with 14' ceilings and a 60x100 dirt pad that is described as ready for a slab, supporting continued development or expanded operational needs.
Located on the east side of Hammond, the property is conveniently accessed just off East Highway 190 on Falcon Drive. It is positioned at the end of the road behind a newer industrial development, with the Piggly Wiggly parcel noted nearby. A retention pond is already in place on site, and the property is served by city utilities, including water, sewer, gas, power, garbage service, and high-speed internet.
For buyers and operators, the combination of fully occupied rental units and substantial auxiliary improvements offers a practical platform for income-producing residential use alongside storage and potential site development. The RC zoning designation provides a framework for evaluating further industrial, commercial, or expansion concepts consistent with local regulations.
Located on the east side of Hammond, the property is conveniently accessed just off East Highway 190 on Falcon Drive. It is positioned at the end of the road behind a newer industrial development, with the Piggly Wiggly parcel noted nearby. A retention pond is already in place on site, and the property is served by city utilities, including water, sewer, gas, power, garbage service, and high-speed internet.
For buyers and operators, the combination of fully occupied rental units and substantial auxiliary improvements offers a practical platform for income-producing residential use alongside storage and potential site development. The RC zoning designation provides a framework for evaluating further industrial, commercial, or expansion concepts consistent with local regulations.
Key Highlights
- Nearly 4‑acre east Hammond site on Falcon Drive, located just off East Highway 190
- 5 income‑producing rental units: 2 duplexes plus 1 single‑family home, 100% occupied generating approx. $50,000 annually
- Includes a 4,080 SF storage building with 14' ceilings
Local Financial Insights For Apartment 5plus
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 | $43.8k | $13.08 |
| − Vacancy | −$4.0k | −$1.19 |
| EGI | $39.8k | $11.89 |
| − OpEx | −$17.9k | −$5.35 |
| NOI | $21.9k | $6.54 |
3,350 SF · lease $13.08/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$313.0K
$273.8K – $365.1K
NOI $21,907 @ 7.0% cap · market cap 3.78%
Second Best
Warehouse
$234.0K
$204.8K – $273.0K
NOI $16,382 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$923.5K
$808.1K – $1.08M
NOI $64,644 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 5 rental units plus a sizable storage building and dirt pad on 3.72 acres with city utilities available.
Where is this apartment building located?
The property is located at 44528 TIFFANY LYNN Court Hammond, LA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Nearly 4‑acre east Hammond site on Falcon Drive, located just off East Highway 190; 5 income‑producing rental units: 2 duplexes plus 1 single‑family home, 100% occupied generating approx. $50,000 annually; Includes a 4,080 SF storage building with 14' ceilings
