4-Unit Multifamily
For Sale
$349,000
612 RUE ST MARTIN, Hammond, LA 70403
Multi-Family, Traditional, Hammond, LA
Property Size3,200 SF
Lot Size0.01 Acres
Price / SF$109.06
Days on Market313
Property Features for 612 RUE ST MARTIN
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Patio and Porch features
Porch
Exterior features
Balcony, Fence, Porch
Fencing
Fenced
Subdivision
Villa West
Lot features
Condo, Regular
Standard status
Active
APN
4818709
Size
3,200 SF
Lot size
0.01 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
garbage, sewer, water
Taxes and HOA fees
Tax Description
UNIT A-2-D OF COURTYARD VILLA CONDOMINIUM & UNDIV 4.167% INT IN COMMON AREA IN SEC 27 T6SR7E HAMM
Legal Description
UNIT A-2-D OF COURTYARD VILLA CONDOMINIUM & UNDIV 4.167% INT IN COMMON AREA IN SEC 27 T6SR7E HAMM
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Floors in Building
2
Number of units
4
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty Executives Florida Parishes · Realty Executives International
(985) 956-7477
Listed By:
Sam DiVittorio
(985) 320-0263
Added: Dec 16, 2025
Changed: Oct 23
Last Checked: Oct 25 at 4:06PM
MLS# 2534841
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.
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Investment Insights
Based on property information with market context.
This 3,200-square-foot multifamily property contains four units, each configured with two bedrooms and one bathroom. The building has central heating and air conditioning, balconies, a porch, fencing, and off-street parking. Exterior work was completed recently, with additional updates made to some interiors. Built in 1983, the property has a shingle roof and public water service.
All utilities are individually metered, and tenants pay their utility costs. Municipal garbage collection, sewer, and water are available. The property is in Flood Zone X and is located minutes from SELU, downtown Hammond, shopping, restaurants, hospitals, and I-55.
All utilities are individually metered, and tenants pay their utility costs. Municipal garbage collection, sewer, and water are available. The property is in Flood Zone X and is located minutes from SELU, downtown Hammond, shopping, restaurants, hospitals, and I-55.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,200 square feet
- Occupied property with individual utility meters; tenants pay utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,066
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,320
$481.3K
Cap Rate 7%
$343,800
$343.8K
Cap Rate 9%
$267,400
$267.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$37.6K $11.76/SF
− Vacancy
−$3.3K −$1.02/SF
EGI
$34.4K $10.74/SF
− OpEx
−$10.3K −$3.22/SF
NOI
$24.1K $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%
$481,320
Cap Rate 7%
$343,800
Cap Rate 9%
$267,400
Alternative Uses
Best Use
Multifamily LT 5
$343.8K
$300.8K – $401.1K
NOI $24,066 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$298.9K
$261.6K – $348.8K
NOI $20,926 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$882.1K
$771.9K – $1.03M
NOI $61,749 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 70403, LA
29,737
Population
13,577
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.3 sq mi
ZIP Area
703
Density / Sq Mi
$50,547
Median Household Income
$32,603
Median Earnings
$992
Median Rent
$207,600
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?
Quadplex - Occupied rental property with separate utility metering and recent exterior improvements.
Where is this quadplex located?
The property is located at 612 RUE ST MARTIN Hammond, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,200 square feet; Occupied property with individual utility meters; tenants pay utilities
