Four-Unit Multifamily
New
For Sale
$400,000
6368 Quin Dr, Baton Rouge, LA 70817
Residential Income, Baton Rouge, LA
Property Size3,896 SF
Lot Size0.19 Acres
Price / SF$102.67
Days on Market3
Property Features for 6368 Quin Dr
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
8
Parking features
Parking Lot
Patio and Porch features
Porch
Exterior features
Balcony, Lighting
Fencing
Barbed Wire
Appliances
Dishwasher, Range/Oven, Refrigerator
Subdivision
Rural Tract (no Subd)
View
Water
Elementary school district
East Baton Rouge
Middle school district
East Baton Rouge
High school district
East Baton Rouge
Directions
Off of Tiger Bend and Antioch
Standard status
Active
Size
3,896 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
DIST:3RD WARD CITY/MUNI/TWP:EBATON ROUGE PARISH WARD: 3-3, SUBDIVISION: SCR TRUST PROPERTY, LOT: M-6-B. TRACT M-6-B, RESUB. OF TRACT M-6 OF THE SCR TRUST PROPERTY IN SEC. 57
Legal Description
DIST:3RD WARD CITY/MUNI/TWP:EBATON ROUGE PARISH WARD: 3-3, SUBDIVISION: SCR TRUST PROPERTY, LOT: M-6-B. TRACT M-6-B, RESUB. OF TRACT M-6 OF THE SCR TRUST PROPERTY IN SEC. 57
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Wall Furnace
Cooling system
Central Air, Ceiling Fan(s), Window Unit(s)
Water source
Public
Building Details
Floors in Building
2
Flooring type
Tile - Ceramic
Building materials
Vinyl Siding, Brick
Roof type
Shingle
Listing Agency:
Real Broker LLC
(855) 450-0442
Listed By:
Natasha Amaya Engle · License #0099563967
(225) 768-1800
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 11 at 3:06AM
MLS# 2026016643
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.
Investment Insights
Based on property information with market context.
This four-unit residential income property contains 3,896 square feet on a 0.19-acre parcel. The configuration includes four 2-bedroom, 2-bath units, each with a refrigerator, range, dishwasher, and electric washer/dryer connections. Ceramic tile flooring, central and window cooling systems, electric heating, porches, balconies, a parking lot, public water, and public sewer are among the property features. Construction includes brick and vinyl siding beneath a shingle roof.
The property is located just off Airline Highway in Baton Rouge, near Women's Hospital, restaurants, shopping, and everyday services. The asset is fully occupied, with several tenants having long-term occupancy histories. Residents pay their own electricity, while ownership covers water, sewer, and trash. The property is in Flood Zone X, and the property did not flood in 2016.
The property is located just off Airline Highway in Baton Rouge, near Women's Hospital, restaurants, shopping, and everyday services. The asset is fully occupied, with several tenants having long-term occupancy histories. Residents pay their own electricity, while ownership covers water, sewer, and trash. The property is in Flood Zone X, and the property did not flood in 2016.
Key Highlights
- Fully occupied four‑unit property with four 2‑bedroom, 2‑bath residences
- 3,896 square feet on a 0.19‑acre parcel
- Each unit includes a refrigerator, range, dishwasher, and electric washer/dryer connections
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,672
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$713,440
$713.4K
Cap Rate 7%
$509,600
$509.6K
Cap Rate 9%
$396,356
$396.4K
Market Conditions
NOI Build-Up for 3,896 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$68.3K $17.52/SF
− Vacancy
−$3.4K −$0.87/SF
EGI
$64.9K $16.65/SF
− OpEx
−$29.2K −$7.49/SF
NOI
$35.7K $9.16/SF
Area
Baton Rouge, LA
Vacancy
4.98%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$713,440
Cap Rate 7%
$509,600
Cap Rate 9%
$396,356
Alternative Uses
Best Use
Multifamily LT 5
$574.6K
$502.8K – $670.3K
NOI $40,220 @ 7.0% cap · market cap 10.06%
Second Best
Apartment 5plus
$509.6K
$445.9K – $594.5K
NOI $35,672 @ 7.0% cap · market cap 8.92%
Theoretical Best
Specialty Retail
$933.1K
$816.4K – $1.09M
NOI $65,314 @ 7.0% cap · market cap 16.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 70817, LA
35,025
Population
14,106
Households
2.5
Avg Household Size
40
Median Age
50%
College-Educated
96%
High-School Grad
25.4 sq mi
ZIP Area
1,379
Density / Sq Mi
$102,878
Median Household Income
$58,613
Median Earnings
$1,363
Median Rent
$288,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residential income property with updated rent positioning and individual utility responsibility for electricity.
Where is this quadplex located?
The property is located at 6368 Quin Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Fully occupied four‑unit property with four 2‑bedroom, 2‑bath residences; 3,896 square feet on a 0.19‑acre parcel; Each unit includes a refrigerator, range, dishwasher, and electric washer/dryer connections
