Renovated Four-Unit
New
For Sale
$310,000
1043 Monet Dr, Baton Rouge, LA 70806
Four-unit residential property with a diversified unit mix and updated building systems.
Property Size2,868 SF
Price / SF$108.09
Days on Market3
Property Features for 1043 Monet Dr
General Information
Standard status
Active
Size
2,868 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
3 x 1BD/1BA, 1 x 2BD/1BA
Multifamily Units
4
Additional Details
Gross Income
$36,480
Amenities
window A/C units
Building Details
Year Renovated
2026
Listing Agency:
Personal Touch Properties
Listed By:
Orlando Zavala Montes
(225) 442-2591
Source:
Smithsquared
Added: Sep 6
Changed: Sep 8
Last Checked: Sep 7 at 3:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Personal Touch Properties
Investment Insights
Based on property information with market context.
This four-unit residential property at 1043 Monet Dr includes three 1BD/1BA units and one 2BD/1BA unit, creating a varied configuration within 2,868 square feet. All units are currently occupied, and tenants are responsible for utilities. Each apartment has window A/C units in every room.
The building underwent a complete renovation in 2025, including installation of a new roof that year. New plumbing and electrical systems were installed in 2026. The property is located in Baton Rouge, Louisiana, and offers an established four-unit layout with recent building-system improvements.
The building underwent a complete renovation in 2025, including installation of a new roof that year. New plumbing and electrical systems were installed in 2026. The property is located in Baton Rouge, Louisiana, and offers an established four-unit layout with recent building-system improvements.
Key Highlights
- Four‑unit property with three 1BD/1BA units and one 2BD/1BA unit
- 2,868 square feet of residential space
- All units currently occupied
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
$26,260
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
8.47%
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%
$525,200
$525.2K
Cap Rate 7%
$375,143
$375.1K
Cap Rate 9%
$291,778
$291.8K
Market Conditions
NOI Build-Up for 2,868 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
$50.2K $17.52/SF
− Vacancy
−$2.5K −$0.87/SF
EGI
$47.7K $16.65/SF
− OpEx
−$21.5K −$7.49/SF
NOI
$26.3K $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%
$525,200
Cap Rate 7%
$375,143
Cap Rate 9%
$291,778
Alternative Uses
Best Use
Multifamily LT 5
$423.0K
$370.1K – $493.5K
NOI $29,608 @ 7.0% cap · market cap 9.55%
Second Best
Apartment 5plus
$375.1K
$328.3K – $437.7K
NOI $26,260 @ 7.0% cap · market cap 8.47%
Theoretical Best
Specialty Retail
$686.9K
$601.0K – $801.3K
NOI $48,080 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
Demographics for 70806, LA
27,898
Population
14,972
Households
1.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
3,135
Density / Sq Mi
$53,430
Median Household Income
$41,894
Median Earnings
$1,014
Median Rent
$321,400
Median Home Value
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 - Four-unit residential property with a diversified unit mix and updated building systems.
Where is this quadplex located?
The property is located at 1043 Monet Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Four‑unit property with three 1BD/1BA units and one 2BD/1BA unit; 2,868 square feet of residential space; All units currently occupied
