Multifamily Property with New
1346-1356 Main St, Baton Rouge, LA 70802
For Sale
$550,000
Five thousand one hundred square feet across a gated residential property with recently converted apartment units.
Property Size5,100 SF
Lot Size0.25 Acres
Price / SF$107.84
Days on Market53
Property Features for 1346-1356 Main St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Year Renovated
Listing Agency:
Castro Real Estate Services, LLC
Listed By:
Miguel Castro · License LA B10199
(225) 819-1300
Source:
Soldbyqueen
Added: Sep 22
Changed: Oct 25
Last Checked: Oct 19 at 3:59AM
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 Castro Real Estate Services, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains 5,100 square feet on a quarter-acre parcel at 1346-1356 Main St in Baton Rouge. The site is enclosed by a block wall and iron gate, providing a defined residential setting.
In 2024, the former law-office portion was converted into a three-unit residential building. The property previously included a fourplex and the law office, creating a history of multiple residential and office configurations on the site.
In 2024, the former law-office portion was converted into a three-unit residential building. The property previously included a fourplex and the law office, creating a history of multiple residential and office configurations on the site.
Key Highlights
- 5,100‑square‑foot multifamily property on a quarter‑acre parcel
- Former law‑office space converted into a three‑unit residential building in 2024
- Property previously included a fourplex and law office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,696
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$933,920
$933.9K
Cap Rate 7%
$667,086
$667.1K
Cap Rate 9%
$518,844
$518.8K
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$89.4K $17.52/SF
− Vacancy
−$4.4K −$0.87/SF
EGI
$84.9K $16.65/SF
− OpEx
−$38.2K −$7.49/SF
NOI
$46.7K $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%
$933,920
Cap Rate 7%
$667,086
Cap Rate 9%
$518,844
Alternative Uses
Best Use
Apartment 5plus
$667.1K
$583.7K – $778.3K
NOI $46,696 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,498 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,503
Businesses Nearby
Explore this area
Business Placement
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
$105,100
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Baton Rouge, LA
Properties on Market for Apartment buildings in Baton Rouge
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five thousand one hundred square feet across a gated residential property with recently converted apartment units.
Where is this apartment building located?
The property is located at 1346-1356 Main St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 5,100‑square‑foot multifamily property on a quarter‑acre parcel; Former law‑office space converted into a three‑unit residential building in 2024; Property previously included a fourplex and law office
