Hammond Multifamily Investment
46434 Lee Hughes Road, Hammond, LA 70401
Call to check price and availability
24-unit apartment complex near I-55 and I-12.
Type:Multifamily
Property size:
17,513 SFLot size:
1.85 AcresPrice / SF:
$122/SF- Added:
- May 22, 2026
- Days on Market:
- 12
- Last Refresh:
- May 27 at 8:21 am
Property Features for 46434 Lee Hughes Road
General Information
- Standard status
- Active
- Size
- 17,513 SF
- Lot size
- 1.85 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1998
Listing agent Sergio Mesa License #912124506
Listing office Elite Real Estate Advisors (985) 542-7601
Listing date May 22, 2026
Source Crexi
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 Elite Real Estate Advisors
HighLights
- 24 fully occupied units, each with 2 bedrooms and 1 bathroom, providing immediate income
- Excellent location near Interstate 55 and Interstate 12, Southeastern Louisiana University, shopping, restaurants, and medical facilities
- Recently replaced asphalt shingle roofs, reducing near‑term maintenance costs
- On‑site coin‑operated laundry facility and eight additional storage units, offering potential for increased rental income
- Well‑maintained complex built in 1998 with attractive brick and vinyl siding exteriors
- Ample parking for residents and guests
Overview
Westview Village Apartments, located in Hammond at 46434 W. Lee Hughes Road, presents a multifamily investment opportunity. The property features 24 fully occupied units, each with 2 bedrooms and 1 bathroom. Situated on approximately 1.85 acres, the complex consists of three buildings constructed on concrete slabs with brick and vinyl siding exteriors. The asphalt shingle roofs were replaced approximately three years ago. Tenant amenities include an on-site coin-operated laundry facility and eight additional storage units currently utilized by ownership, creating potential for additional rental income. A large concrete parking area provides access and parking for residents and guests. Utilities include parish water service with a single master meter and a septic sewer system. There is an office space available for ownership. Westview Village is located minutes from Interstate 55 and Interstate 12, allowing commutes to Baton Rouge and New Orleans. The property is also located near Southeastern Louisiana University, local schools, shopping, restaurants, medical facilities, parks, and everyday conveniences. With strong occupancy, a stable tenant base, and opportunities for increased revenue, Westview Village offers investors an income-producing asset in Tangipahoa Parish’s rental market.
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 | $229.1k | $13.08 |
| − Vacancy | −$20.8k | −$1.19 |
| EGI | $208.2k | $11.89 |
| − OpEx | −$93.7k | −$5.35 |
| NOI | $114.5k | $6.54 |
17,513 SF · lease $13.08/SF/yr · vacancy 9.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,524 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.83M
$4.22M – $5.63M
NOI $337,941 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Tangipahoa
- State
- Louisiana
- Longitude
- -90.5370109
- Latitude
- 30.5311483
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 24-unit apartment complex near I-55 and I-12.
Where is this apartment building located?
The property is located at 46434 Lee Hughes Road Hammond, LA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 24 fully occupied units, each with 2 bedrooms and 1 bathroom, providing immediate income; Excellent location near Interstate 55 and Interstate 12, Southeastern Louisiana University, shopping, restaurants, and medical facilities; Recently replaced asphalt shingle roofs, reducing near‑term maintenance costs
