Residential Income
For Sale
$299,000
1816 Olive Street Unit 2, Baton Rouge, LA 70802
Residential income property for sale at 1816 Olive Street, Unit 2, Baton Rouge.
Property Size2,264 SF
Price / SF$132.07
Days on Market82
Property Features for 1816 Olive Street Unit 2
General Information
Standard status
Active
Size
2,264 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Listing Agency:
Highroad Realty, LLC
(225) 454-0177
Listed By:
Jewel P Fourrier · License #0995684953
(225) 454-0177
Source:
Compass
Added: May 13
Changed: Jul 10
Last Checked: Aug 2 at 11:16AM
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 Highroad Realty, LLC
Investment Insights
Based on property information with market context.
This offering is categorized as a residential income property, presented for sale as 1816 Olive Street, Unit 2. The available record does not include further interior or exterior detail at this time, and additional property information is noted as coming soon.
The property is located at 1816 Olive Street, Unit 2 in Baton Rouge, Louisiana 70802. No additional information is provided regarding building type, unit configuration beyond the referenced unit number, or any notable site features.
For buyers or investors seeking a residential income asset in Baton Rouge, this listing provides a defined address and ownership structure tied to Unit 2. Because detailed operating data and property-specific improvements are not included in the current materials, prospective purchasers should plan to conduct their own due diligence and confirm unit condition, layout, and any income-related records directly with the seller or listing representative before making a decision.
The property is located at 1816 Olive Street, Unit 2 in Baton Rouge, Louisiana 70802. No additional information is provided regarding building type, unit configuration beyond the referenced unit number, or any notable site features.
For buyers or investors seeking a residential income asset in Baton Rouge, this listing provides a defined address and ownership structure tied to Unit 2. Because detailed operating data and property-specific improvements are not included in the current materials, prospective purchasers should plan to conduct their own due diligence and confirm unit condition, layout, and any income-related records directly with the seller or listing representative before making a decision.
Key Highlights
- 4‑bedroom residential income property at 1816 Olive Street, Unit 2, Baton Rouge
- 2 full bathrooms and 1 partial bathroom (3 total)
- Central air and central heating with 2 AC units and 2 heating units
Financial Insights For Apartment 5plus
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 | $39.7k | $17.52 |
| − Vacancy | −$2.0k | −$0.87 |
| EGI | $37.7k | $16.65 |
| − OpEx | −$17.0k | −$7.49 |
| NOI | $20.7k | $9.16 |
2,264 SF · lease $17.52/SF/yr · vacancy 4.98% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$296.1K
$259.1K – $345.5K
NOI $20,729 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$542.2K
$474.4K – $632.6K
NOI $37,955 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
689
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
Properties on Market for Residential income properties in Baton Rouge
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property for sale at 1816 Olive Street, Unit 2, Baton Rouge.
Where is this residential income property located?
The property is located at 1816 Olive Street Unit 2 Baton Rouge, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 4‑bedroom residential income property at 1816 Olive Street, Unit 2, Baton Rouge; 2 full bathrooms and 1 partial bathroom (3 total); Central air and central heating with 2 AC units and 2 heating units
