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Tenant-Occupied Triplex Investment
For Sale
Contact for pricing
Pending

1240 Convention St, Baton Rouge, LA 70802

Tenant-occupied triplex with three units and existing professional property management.

Property SizeContact for details
Days on Market148

Property Features for 1240 Convention St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Business Included Yes
Multifamily Units 3

Building Details

Tenancy Multi
Listing Agency: Keller Williams Realty Red Stick
Listed By: Timothy Houk · License #LA 0000075454
Source: Crexi
Added: Apr 11 Changed: Aug 24 Last Checked: Sep 4 at 3:29PM

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 Keller Williams Realty Red Stick

Investment Insights

Based on property information with market context.

This tenant-occupied triplex is offered for sale in good condition and is under professional property management. The property includes three residential units: one 2-bedroom unit, one 1-bedroom unit, and one loft unit.

According to the provided information, unit rents total $1,650 per month, comprised of $650 for the 2-bedroom, $550 for the 1-bedroom, and $450 for the loft unit. Please inquire about current occupancy status if you are interested.

The seller also has an additional triplex available at 1333 Laurel St and would like to sell the two properties as a package deal.

Key Highlights

  • Tenant‑occupied triplex under professional property management
  • Total rent is $1,650 per month
  • Unit mix: 2BR rents for $650 per month

Property Analytics

Current Use

Wellness Center of Baton ... Gym & Fitness Center

Suggested Use

Top Pick Dental Office Pharmacy (Bike/Boat/Book/etc) Store Home Appliance Store Locksmith Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,821
Businesses Nearby

Demographics for 70802, LA

26,519
Population
13,887
Households
1.9
Avg Household Size
29
Median Age
24%
College-Educated
82%
High-School Grad
7.1 sq mi
ZIP Area
3,735
Density / Sq Mi
$34,082
Median Household Income
$23,215
Median Earnings
$935
Median Rent
$105,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Tenant-occupied triplex with three units and existing professional property management.
Where is this triplex located?
The property is located at 1240 Convention St Baton Rouge, LA.
What are key features of this property?
This property features: Tenant‑occupied triplex under professional property management; Total rent is $1,650 per month; Unit mix: 2BR rents for $650 per month
(225) 768-1800 Call to check price and availability
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