Income-Producing Rental Duplex
44528 TIFFANY LYNN Court Hammond, LA 70403
44528 TIFFANY LYNN Court, Hammond, LA, 70403
$580,000
For Sale
$580,000
MULTI_FAMILY - Hammond, LA
Property Size3,350 SF
Lot Size3.72 Acres
Price / SF$173.13
Days on Market47
Property Features for 44528 TIFFANY LYNN Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- 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
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2000
- Floors in Building
- 1
- Number of units
- 5
- Roof type
- Shingle
- Architectural style
- Cottage
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: Jun 4 Checked: Jul 20 at 1:06 am
MLS# 2561190
Listing URL
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.
The property consists of five income-producing rental units, configured as two duplexes and one single-family home, currently 100% occupied. In addition to the residential units, there is an approximately 4,080 SF storage building with 14' ceilings, and a 60x100 dirt pad prepared and ready for a future slab. A retention pond is already in place, and all city utilities are available, including water, sewer, gas, power, garbage service, and high-speed internet.
Located on the east side of Hammond, the site sits just off East Highway 190 on Falcon Drive, positioned at the end of the road behind a new industrial development and next to the Piggly Wiggly parcel. The remarks note proximity to the airport as well as Interstates I-12 and I-55, supported by the property’s access off East Highway 190.
This offering can fit investors or operators seeking an income-producing multifamily mix alongside supplemental storage capacity and a prepared pad for additional improvements. For developers, the existing infrastructure—utilities, retention pond, and the slab-ready area—supports planning for future expansion while the current rental units provide ongoing occupancy.
Located on the east side of Hammond, the site sits just off East Highway 190 on Falcon Drive, positioned at the end of the road behind a new industrial development and next to the Piggly Wiggly parcel. The remarks note proximity to the airport as well as Interstates I-12 and I-55, supported by the property’s access off East Highway 190.
This offering can fit investors or operators seeking an income-producing multifamily mix alongside supplemental storage capacity and a prepared pad for additional improvements. For developers, the existing infrastructure—utilities, retention pond, and the slab-ready area—supports planning for future expansion while the current rental units provide ongoing occupancy.
Key Highlights
- Nearly 4 acres on Falcon Drive in Hammond, just off East Highway 190 and behind nearby industrial development
- 5 income‑producing rental units: 2 duplexes and 1 single‑family home, 100% occupied and generating approximately $50,000 annually
- Additional 4,080 SF storage building with 14' ceilings
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 | $39.4k | $11.76 |
| − Vacancy | −$3.4k | −$1.02 |
| EGI | $36.0k | $10.74 |
| − OpEx | −$10.8k | −$3.22 |
| NOI | $25.2k | $7.52 |
3,350 SF · lease $11.76/SF/yr · vacancy 8.64% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$359.9K
$314.9K – $419.9K
NOI $25,195 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$313.0K
$273.8K – $365.1K
NOI $21,907 @ 7.0% cap · market cap 3.78%
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
Duplexes
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FAQs
What type of property is this?
Duplex - Five fully occupied rental units plus a large storage building and future slab-ready pad on an expansive Hammond site.
Where is this duplex 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 acres on Falcon Drive in Hammond, just off East Highway 190 and behind nearby industrial development; 5 income‑producing rental units: 2 duplexes and 1 single‑family home, 100% occupied and generating approximately $50,000 annually; Additional 4,080 SF storage building with 14' ceilings
