Four-Unit
For Sale
$349,000
612 RUE ST MARTIN, Hammond, LA 70403
Multifamily, Hammond, LA
Property Size3,200 SF
Lot Size0.01 Acres
Price / SF$109.06
Days on Market312
Property Features for 612 RUE ST MARTIN
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 7, Bedroom 5, Bathroom 2, Bedroom 8, Bedroom 6, Bathroom 1
Parking
3
Parking features
Off Street
Patio and Porch features
Porch
Subdivision
Villa West
Directions
Head west on Old Baton Rouge Highway, take left on Rue St Martin, 6th building on the left.
Standard status
Active
APN
4818709
Size
3,200 SF
Lot size
0.01 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
all utilities
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
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Number of units
4
Building materials
HardiPlank Type, Wood Siding
Architectural style
Other
Listing Agency:
Florida Parishes Realty, L.L.C. · Realty Executives International
(985) 956-7477
Listed By:
Sam N DiVittorio · License #995688138
(985) 320-0263
Added: Dec 16, 2025
Changed: Oct 24
Last Checked: Oct 24 at 9:06PM
MLS# 2534841
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 3,200-square-foot quadplex contains four two-bedroom, one-bathroom apartments and was built in 1983. The property is occupied, with each residence separately metered for utilities. Central heating and air conditioning serve the units, and off-street parking is available. Exterior improvements have been completed, along with some interior updates.
Public water and sewer serve the property, and city garbage collection is provided. The site is in Flood Zone X. The property is located in Hammond, minutes from Southeastern Louisiana University, downtown, shopping, restaurants, hospitals, and I-55.
Public water and sewer serve the property, and city garbage collection is provided. The site is in Flood Zone X. The property is located in Hammond, minutes from Southeastern Louisiana University, downtown, shopping, restaurants, hospitals, and I-55.
Key Highlights
- Four apartments, each with 2 bedrooms and 1 bathroom
- 3,200 square feet; built in 1983
- Individually metered utilities; tenants pay utility costs
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.
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Lease Details
4
Residential units
Yes
Highway access
Yes
Utilities to site
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four individually metered residences have central heating and air conditioning, with tenants responsible for utility costs.
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 apartments, each with 2 bedrooms and 1 bathroom; 3,200 square feet; built in 1983; Individually metered utilities; tenants pay utility costs
