Under-Construction 7-Unit Apartment
1060 Swan Avenue Baton Rouge, LA 70807
1060 Swan Avenue, Baton Rouge, LA, 70807
$595,000
For Sale
$595,000
Seven-unit apartment complex currently under construction, planned with three 1-bedroom and four 2-bedroom units.
Property Size5,600 SF
Price / SF$106.25
Days on Market325
Property Features for 1060 Swan Avenue
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Listing agency
LPT Realty, LLC
(877) 366-2213
Listed by
Tracy Renee Uhiara · License #995709528
(877) 366-2213
Source
Compass
Added: Aug 31, 2025 Updated: Jul 20 at 10:32PM Checked: Jul 20 at 10:32PM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This investor-focused apartment complex is currently under construction and planned as a seven-unit property. The completed layout will include three 1-bedroom units and four 2-bedroom units. The sale also includes Lot 5 (Parcel #1201840), Lot 6 (Parcel #1201859), and Lot 7 (Parcel #1201867), offering additional flexibility for future growth.
The property is located within a short walk of Southern University, which may support demand from students and long-term renters once construction is complete. Please do not enter the property without an appointment, as it remains an active construction site.
The property is located within a short walk of Southern University, which may support demand from students and long-term renters once construction is complete. Please do not enter the property without an appointment, as it remains an active construction site.
Key Highlights
- 7‑unit apartment complex currently under construction
- Planned unit mix: three 1‑bedroom units and four 2‑bedroom units
- Electric cooktop included; 7 AC units and 7 heat units referenced in interior features
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.1k | $17.52 |
| − Vacancy | −$4.9k | −$0.87 |
| EGI | $93.2k | $16.65 |
| − OpEx | −$42.0k | −$7.49 |
| NOI | $51.3k | $9.16 |
5,600 SF · lease $17.52/SF/yr · vacancy 4.98% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$732.5K
$640.9K – $854.6K
NOI $51,274 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,880 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven-unit apartment complex currently under construction, planned with three 1-bedroom and four 2-bedroom units.
Where is this apartment building located?
The property is located at 1060 Swan Avenue Baton Rouge, LA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 7‑unit apartment complex currently under construction; Planned unit mix: three 1‑bedroom units and four 2‑bedroom units; Electric cooktop included; 7 AC units and 7 heat units referenced in interior features
