Rear-Positioned
8061 Pennth Avenue Unit A B C D Baton Rouge, LA 70809
For Sale
$549,000
Fully occupied 4-plex includes four units positioned in the rear of the complex.
Property Size4,456 SF
Price / SF$123.20
Days on Market537
Property Features for 8061 Pennth Avenue Unit A B C D
General Information
- Standard status
- Active
- Size
- 4,456 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Listing Agency:
Pennant Real Estate
(225) 445-4152
Listed By:
Calvin A Clement · License #0995687393
(225) 445-4152
Source:
Compass
Added: Feb 1, 2025
Changed: Jul 21
Last Checked: Jul 23 at 9:54AM
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 Pennant Real Estate
Investment Insights
Based on property information with market context.
This property is a fully occupied four-plex offering four separate units (Unit A, B, C, and D) within a single residential income building. The 4-plex is located in the rear of the complex, providing added privacy for residents.
The property is described as being in a thriving area near hospitals, restaurants, a mall, and the interstate, with access referenced off Summa Blvd.
The offering is for sale. The seller notes there is no owner financing.
The property is described as being in a thriving area near hospitals, restaurants, a mall, and the interstate, with access referenced off Summa Blvd.
The offering is for sale. The seller notes there is no owner financing.
Key Highlights
- Fully occupied 4‑plex with four units positioned in the rear of the complex
- Total of 8 bedrooms and 12 bathrooms across the four units (8 full, 4 partial)
- Each unit has central air with 4 AC units and central electric heating with 4 heat units
Financial Insights For Multifamily LT 5
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 | $69.0k | $15.48 |
| − Vacancy | −$3.3k | −$0.73 |
| EGI | $65.7k | $14.75 |
| − OpEx | −$19.7k | −$4.42 |
| NOI | $46.0k | $10.32 |
4,456 SF · lease $15.48/SF/yr · vacancy 4.73% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$657.2K
$575.0K – $766.7K
NOI $46,001 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$582.9K
$510.0K – $680.0K
NOI $40,800 @ 7.0% cap · market cap 7.43%
Theoretical Best
Specialty Retail
$1.07M
$933.8K – $1.25M
NOI $74,702 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully occupied 4-plex includes four units positioned in the rear of the complex.
Where is this quadplex located?
The property is located at 8061 Pennth Avenue Unit A B C D Baton Rouge, LA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Fully occupied 4‑plex with four units positioned in the rear of the complex; Total of 8 bedrooms and 12 bathrooms across the four units (8 full, 4 partial); Each unit has central air with 4 AC units and central electric heating with 4 heat units
