Occupied
1664 Clear Lake Ave, Baton Rouge, LA 70808
For Sale
$390,000
Four leased residential units provide an established multifamily configuration near shopping, dining, and interstate connections.
Property Size3,823 SF
Price / SF$102.01
Days on Market97
Property Features for 1664 Clear Lake Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Listing Agency:
Keller Williams Realty-First Choice
Listed By:
Melody Newman · License LA B21335
(225) 288-0564
Source:
Larry.agent225
Added: Aug 10
Changed: Nov 13
Last Checked: Nov 12 at 10:11AM
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-First Choice
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Investment Insights
Based on property information with market context.
This quadplex contains four residential units within a 3,823-square-foot multifamily property. All units are currently leased, giving the asset an established occupancy profile for a buyer seeking an income-producing residential property. The building is described as well maintained and is offered with its existing leasing arrangement in place.
The property is located at 1664 Clear Lake Ave in Baton Rouge, Louisiana. Shopping and dining are nearby, and the site offers convenient access to the interstate. These surrounding conveniences support the property’s established residential setting while keeping the asset connected to everyday services and regional transportation routes.
The property is located at 1664 Clear Lake Ave in Baton Rouge, Louisiana. Shopping and dining are nearby, and the site offers convenient access to the interstate. These surrounding conveniences support the property’s established residential setting while keeping the asset connected to everyday services and regional transportation routes.
Key Highlights
- Four‑unit quadplex configuration
- 3,823‑square‑foot multifamily property
- All units currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,004
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,080
$700.1K
Cap Rate 7%
$500,057
$500.1K
Cap Rate 9%
$388,933
$388.9K
Market Conditions
NOI Build-Up for 3,823 SF
Gross rent
$67.0K $17.52/SF
− Vacancy
−$3.3K −$0.87/SF
EGI
$63.6K $16.65/SF
− OpEx
−$28.6K −$7.49/SF
NOI
$35.0K $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%
$700,080
Cap Rate 7%
$500,057
Cap Rate 9%
$388,933
Alternative Uses
Best Use
Multifamily LT 5
$563.8K
$493.3K – $657.8K
NOI $39,467 @ 7.0% cap · market cap 10.12%
Second Best
Apartment 5plus
$500.1K
$437.6K – $583.4K
NOI $35,004 @ 7.0% cap · market cap 8.98%
Theoretical Best
Specialty Retail
$915.6K
$801.1K – $1.07M
NOI $64,090 @ 7.0% cap · market cap 16.43%
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
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
Explore this area
Business Placement
Demographics for 70808, LA
32,510
Population
18,833
Households
1.7
Avg Household Size
35
Median Age
65%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,709
Density / Sq Mi
$69,078
Median Household Income
$41,162
Median Earnings
$1,283
Median Rent
$392,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Baton Rouge, LA
Properties on Market for Quadplexes in Baton Rouge
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four leased residential units provide an established multifamily configuration near shopping, dining, and interstate connections.
Where is this quadplex located?
The property is located at 1664 Clear Lake Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Four‑unit quadplex configuration; 3,823‑square‑foot multifamily property; All units currently leased
