46434 W LEE HUGHES Road, Hammond, LA 70401
MULTI_FAMILY - Hammond, LA
- Added:
- May 20, 2026
- Days on Market:
- 49
- Last Refresh:
- Jul 7 at 5:06 am
Property Features for 46434 W LEE HUGHES Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Security features
- Security
- Exterior features
- Fence, Security Cameras
- Fencing
- Fenced
- Standard status
- Active
- APN
- 05988519
- Size
- 17,513 SF
- Lot size
- 1.85 Acres
Taxes and HOA fees
- Tax Description
- 1.85A IN SEC 18 T6SR7E
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1998
- Floors in Building
- 1
- Number of units
- 1
- Roof type
- Asbestos Shingle, Shingle
- Architectural style
- Other
Listing agent Sergio Mesa License #912124506 (985) 542-7601
Listing office Elite Real Estate Advisors 14454 University Ave., Hammond, LA (985) 542-7601
Listing date May 20, 2026
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.
HighLights
- 24 fully occupied 2BD/1BA units in Westview Village Apartments (multifamily) on ~1.85 acres
- Complex includes 3 buildings constructed on concrete slabs with brick and vinyl siding exteriors
- Asphalt shingle roofs replaced approximately 3 years ago
- Tenant amenities include an on‑site coin‑operated laundry facility plus 8 additional storage units used by ownership
- Utilities: parish water service with a single master meter and a septic sewer system; office space available for ownership
- Central heating and central air; fenced exterior with security cameras; 7% cap rate noted
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hammond
- County
- Tangipahoa
- State
- Louisiana
- Longitude
- -90.537055
- Latitude
- 30.531174
