Renovated 44-Unit Apartment
For Sale
$3,490,000
11352 Bard Ave, Baton Rouge, LA 70815
Renovated 44-unit complex with 40 one-bedroom and 4 two-bedroom apartments on 1.26 acres.
Property Size26,458 SF
Lot Size1.26 Acres
Price / SF$131.91
Days on Market97
Property Features for 11352 Bard Ave
General Information
Standard status
Active
Size
26,458 SF
Lot size
1.26 Acres
Site & Location
Neighborhood
North Sherwood Forest
Highway Access
Yes
Additional Details
Multifamily Units
44
Building Details
Year Built
1984
Tenancy
Multi
Listing Agency:
K Company Realty
Listed By:
Kimberly Doughty
(985) 517-6311
Source:
Dominionplace
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 7 at 4:24PM
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 K Company Realty
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Investment Insights
Based on property information with market context.
Renovated 44-unit multifamily apartment complex featuring 40 one-bedroom units and 4 two-bedroom units. The property is described as well-maintained and designed to minimize immediate capital improvement needs, offering a turnkey option for an incoming owner.
The community is located at 11352 BARD Avenue in Baton Rouge, Louisiana, and sits on 1.26 acres. The property is in Flood Zone X.
From a practical unit-mix standpoint, the combination of one- and two-bedroom apartments supports a diversified residential offering within a single property footprint.
The community is located at 11352 BARD Avenue in Baton Rouge, Louisiana, and sits on 1.26 acres. The property is in Flood Zone X.
From a practical unit-mix standpoint, the combination of one- and two-bedroom apartments supports a diversified residential offering within a single property footprint.
Key Highlights
- Renovated 44‑unit multifamily apartment complex in Baton Rouge
- Unit mix includes 40 one‑bedroom units and 4 two‑bedroom units
- Situated on 1.26 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$242,253
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,845,060
$4.8M
Cap Rate 7%
$3,460,757
$3.5M
Cap Rate 9%
$2,691,700
$2.7M
Market Conditions
NOI Build-Up for 26,458 SF
Gross rent
$463.5K $17.52/SF
− Vacancy
−$23.1K −$0.87/SF
EGI
$440.5K $16.65/SF
− OpEx
−$198.2K −$7.49/SF
NOI
$242.3K $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 Rate 5%
$4,845,060
Cap Rate 7%
$3,460,757
Cap Rate 9%
$2,691,700
Alternative Uses
Best Use
Apartment 5plus
$3.46M
$3.03M – $4.04M
NOI $242,253 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.34M
$5.54M – $7.39M
NOI $443,552 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
44
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Explore this area
Business Placement
Demographics for 70815, LA
29,376
Population
12,060
Households
2.4
Avg Household Size
37
Median Age
30%
College-Educated
86%
High-School Grad
9.5 sq mi
ZIP Area
3,092
Density / Sq Mi
$55,804
Median Household Income
$36,158
Median Earnings
$984
Median Rent
$213,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 44-unit complex with 40 one-bedroom and 4 two-bedroom apartments on 1.26 acres.
Where is this apartment building located?
The property is located at 11352 Bard Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: Renovated 44‑unit multifamily apartment complex in Baton Rouge; Unit mix includes 40 one‑bedroom units and 4 two‑bedroom units; Situated on 1.26 acres
