3-Duplex
New
For Sale
$785,000
47024 Ligia Place, Hammond, LA 70401
Multifamily, Hammond, LA
Property Size5,320 SF
Lot Size0.11 Acres
Price / SF$147.56
Days on Market4
Property Features for 47024 Ligia Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
14
Bathrooms
10
Full bathrooms
8
Half bathrooms
4
Rooms
Bathroom 6, Bedroom 3, Bedroom 14, Bathroom 11, Bedroom 13, Bathroom 9, Bathroom 5, Bathroom 1, Bathroom 4, Bedroom 7, Bathroom 8, Bedroom 11, Bedroom 5, Bedroom 10, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 10, Bedroom 12, Bathroom 7, Bedroom 8, Bathroom 12, Bedroom 6, Bedroom 9, Bedroom 2, Bedroom 4
Parking features
Open
Window features
Window Treatments, Double Pane Windows
Interior features
Dual Closets, Open Floorplan, High Ceilings, Shower/Tub Combo
Exterior features
Lighting
Appliances
Dishwasher, Microwave, Range Hood, Oven, Built-In Electric Oven, Dishwasher, Microwave, Range Hood, Oven, Built-In Electric Oven
Lot features
Wooded, Additional Land Available, Shade Tree(s)
Elementary school district
Tangipahoa Parish
Middle school district
Tangipahoa Parish
High school district
Tangipahoa Parish
Directions
Take Causeway Bridge and follow Highway 190 to Coburn Rd. Turn right onto Vineyard Rd. Turn left onto Ligia Place. Property is on the left.
Standard status
Active
APN
6279481
Size
5,320 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
0.11A Being Units A & B Of Vinyard Prop Mini Part A Port Of Tract 2 In Sec 10 T6sr8e B545 P741 B548 P142 B660 P368 B738 P750 B887 P193 B924 P271 B1017 P824 B1071 P581 B1499 P372
Tax Annual Amount
1911
Legal Description
0.11A Being Units A & B Of Vinyard Prop Mini Part A Port Of Tract 2 In Sec 10 T6sr8e B545 P741 B548 P142 B660 P368 B738 P750 B887 P193 B924 P271 B1017 P824 B1071 P581 B1499 P372
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
2007
Number of units
6
Flooring type
Painted/stained, Tile, Linoleum, Laminate
Building materials
HardiPlank Type, Stucco
Roof type
Metal, Shingle
Architectural style
Other
Buildings
3
Listing Agency:
Homesmart Realty South - Metairie · HomeSmart International
(504) 908-7653
Listed By:
Lydia N Dazet · License #995695356
(504) 669-4184
Added: Oct 27
Changed: Oct 29
Last Checked: Oct 30 at 8:06AM
MLS# 200EYA
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Hammond property contains three duplex buildings with six units in total and 5,320 square feet of building area. Constructed in 2007, the property has central heating and central air conditioning, with ceiling fans also listed among its features. Interior details include high ceilings, an open floorplan, dual closets, and shower/tub combinations.
The property is identified with three Ligia Place addresses: 47024, 47025, and 47020. Public water service and a septic system are listed, along with cable availability and open parking.
The property is identified with three Ligia Place addresses: 47024, 47025, and 47020. Public water service and a septic system are listed, along with cable availability and open parking.
Key Highlights
- Three duplex buildings contain six residential units
- 5,320 square feet of building area
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,010
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,200
$800.2K
Cap Rate 7%
$571,571
$571.6K
Cap Rate 9%
$444,556
$444.6K
Market Conditions
NOI Build-Up for 5,320 SF
Gross rent
$62.6K $11.76/SF
− Vacancy
−$5.4K −$1.02/SF
EGI
$57.2K $10.74/SF
− OpEx
−$17.1K −$3.22/SF
NOI
$40.0K $7.52/SF
Area
Tangipahoa County, LA
Vacancy
8.64%
Lease Rate
$11.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,200
Cap Rate 7%
$571,571
Cap Rate 9%
$444,556
Alternative Uses
Best Use
Multifamily LT 5
$571.6K
$500.1K – $666.8K
NOI $40,010 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$497.0K
$434.9K – $579.8K
NOI $34,789 @ 7.0% cap · market cap 4.43%
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.
How Realmo checks its estimates
Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
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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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Six residential units are arranged across three duplex buildings.
Where is this duplex located?
The property is located at 47024 Ligia Place 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: Three duplex buildings contain six residential units; 5,320 square feet of building area; Built in 2007
