6-Unit Multifamily
47024 Ligia Pl, Hammond, LA 70401
For Sale
$785,000
Three duplex buildings offer six rental units across a parcel with additional building room.
Property Size5,320 SF
Lot Size2.14 Acres
Price / SF$147.56
Days on Market12
Property Features for 47024 Ligia Pl
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Homesmart Realty South - Metairie
(504) 908-7653
Listed By:
Lydia N Dazet · License #995695356
(504) 669-4184
Source:
Exprealty
Added: Oct 27
Changed: Nov 4
Last Checked: Nov 6 at 12:48PM
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 Homesmart Realty South - Metairie
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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 comprises three duplex buildings with six units totaling 5,320 square feet. The owner has maintained the buildings, and the 2.14-acre site includes room for additional construction.
The properties are identified at 47020, 47024, and 47025 Ligia Place in Hammond, Louisiana.
The properties are identified at 47020, 47024, and 47025 Ligia Place in Hammond, Louisiana.
Key Highlights
- Six units across three duplex buildings
- 5,320 square feet of building area
- 2.14‑acre property with room for additional construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,789
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,780
$695.8K
Cap Rate 7%
$496,986
$497.0K
Cap Rate 9%
$386,544
$386.5K
Market Conditions
NOI Build-Up for 5,320 SF
Gross rent
$69.6K $13.08/SF
− Vacancy
−$6.3K −$1.19/SF
EGI
$63.3K $11.89/SF
− OpEx
−$28.5K −$5.35/SF
NOI
$34.8K $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%
$695,780
Cap Rate 7%
$496,986
Cap Rate 9%
$386,544
Alternative Uses
Best Use
Apartment 5plus
$497.0K
$434.9K – $579.8K
NOI $34,789 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,658 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
18
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
$226,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Three duplex buildings offer six rental units across a parcel with additional building room.
Where is this multifamily property located?
The property is located at 47024 Ligia Pl Hammond, LA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Six units across three duplex buildings; 5,320 square feet of building area; 2.14‑acre property with room for additional construction
