7-Unit Apartment
For Sale
$550,000
1346 Main St, Baton Rouge, LA 70802
C2-zoned residential property combines a four-unit building with a three-unit conversion completed in 2024.
Property Size5,100 SF
Lot Size0.25 Acres
Price / SF$107.84
Days on Market23
Property Features for 1346 Main St
General Information
Standard status
Active
Size
5,100 SF
Total Parking Spaces
8
Lot size
0.25 Acres
Property subtype
Multifamily
Zoning
C2
Additional Details
Multifamily Units
7
Amenities
8 Parking Spaces
Building Details
Year Built
1970
Year Renovated
2024
Listing Agency:
Castro Real Estate Services, LLC
Listed By:
Miguel Castro · License #995703492
(225) 936-7643
Source:
Lacdb.resimplifi
Added: Sep 21
Changed: Oct 13
Last Checked: Oct 13 at 2:17AM
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
Investment Insights
Based on property information with market context.
The 5,100-square-foot apartment property contains seven units across two building configurations: a fourplex and a three-unit residential conversion. The former law office was converted into the additional residential units in 2024. Built in 1970, the property is zoned C2 and occupies a quarter-acre parcel enclosed by a block wall and iron gate.
The property is located at 1346 Main St in Baton Rouge, Louisiana. Its current configuration brings together the original fourplex and the more recent three-unit building on one site.
The property is located at 1346 Main St in Baton Rouge, Louisiana. Its current configuration brings together the original fourplex and the more recent three-unit building on one site.
Key Highlights
- Seven residential units across a fourplex and a three‑unit building
- Three‑unit residential conversion completed in 2024
- 5,100 square feet on a quarter‑acre parcel
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
Property Analytics
Current Use
Lease Details
7
Residential units
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - C2-zoned residential property combines a four-unit building with a three-unit conversion completed in 2024.
Where is this apartment building located?
The property is located at 1346 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: Seven residential units across a fourplex and a three‑unit building; Three‑unit residential conversion completed in 2024; 5,100 square feet on a quarter‑acre parcel
