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    Sharlo Subdivision Duplex Opportunity Title is generated by Realmo AI

    1474-1476 Sharlo Ave, Baton Rouge, LA 70820

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    Pending
    $245,000

    Duplex - Baton Rouge, LA

    Type:Duplex
    Property size:
    4,318 SF
    Lot size:
    0.18 Acres
    Added:
    Apr 19, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 5 at 8:06 am

    Property Features for 1474-1476 Sharlo Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Parking
    4
    Parking features
    Carport, Covered, Parking Lot
    Patio and Porch features
    Patio, Porch
    Interior features
    9+ Ft. Ceiling, Electric Stove Con.
    Exterior features
    Patio, Porch
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Dryer, Range, Refrigerator, Washer, Washer/Dryer Combo
    Standard status
    Pending
    Size
    4,318 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Expense value
    960
    Expense
    Home Owner Assessments Fee

    Utilities

    Utilities
    Electricity Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Brick, Frame, Wood Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Kara Horne
    Kara Horne

    Listing agent Kara Horne

    Listing office Dawson Grey Real Estate 4100 S Sherwood Frst Bl #101d, Baton Rouge, LA

    Listing date Apr 19, 2026

    MLS# 2026007121 Listing URL

    Copyright © 2026 Greater Baton Rouge 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

    • Rare opportunity: two attached townhouses near LSU, perfect for investment, multi‑generational living, or rental income.
    • Each unit features two bedrooms and two full bathrooms.
    • Located in the desirable Sharlo Subdivision with mature landscaping, sidewalks, and LSU bus route access.
    • Private fenced backyards with low‑maintenance shell gravel, plus covered parking and exterior storage rooms (updated in 2025).
    • Recent major improvements include roof replacements (2018 & 2020) and HVAC replacement in one unit (2025).
    • Never flooded and located in Flood Zone X.

    Overview

    This property features two attached townhouses located in the Sharlo Subdivision, a community with sidewalks and landscaping, situated near LSU and on the LSU bus route. Each two-story unit has a functional layout with a bedroom and bathroom upstairs, and another bedroom and bathroom downstairs. The downstairs living areas include living rooms with tall ceilings, dining areas, and separate kitchens equipped with a refrigerator, range, and dishwasher. Each unit also has a laundry room with a washer and dryer. The property includes private fenced backyards finished with shell gravel. Covered parking and exterior storage rooms were updated in 2025 on both units. The roofs were replaced in 2020 and 2018, and the HVAC system in one unit was replaced in 2025. The property is located in Flood Zone X and has never flooded. The property is tenant occupied with month-to-month tenants. The property is suitable for income-producing or multi-generational living.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Kitchen & Bath Showroom Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.18546
    Latitude
    30.391016

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    FAQs

    What type of property is this?
    Duplex - Two attached townhouses in desirable Sharlo Subdivision near LSU.
    Where is this duplex located?
    The property is located at 1474-1476 Sharlo Ave Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: Rare opportunity: two attached townhouses near LSU, perfect for investment, multi‑generational living, or rental income.; Each unit features two bedrooms and two full bathrooms.; Located in the desirable Sharlo Subdivision with mature landscaping, sidewalks, and LSU bus route access.
    (225) 276-7765
    We can help!
    Listing Contact
    Kara Horne
    Kara Horne
    Real Estate License ID: 0995682192
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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