Four-Unit Quadplex with Screened
For Sale
$469,900
1932 - 1938 Oleander St, Baton Rouge, LA 70806
Four rental residences span a front duplex and two rear units, with shared access to rear parking.
Property Size3,134 SF
Price / SF$149.94
Days on Market69
Property Features for 1932 - 1938 Oleander St
General Information
Standard status
Active
Size
3,134 SF
Property subtype
Quadruplex
Occupancy
100%
Site & Location
Neighborhood
Downtown East
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$54,000
Tenant in Place
Yes
Amenities
screened-in porches
Building Details
Building Size
3,134 SF
Tenancy
Multi
Listing Agency:
The Market Real Estate Co
Listed By:
Laura Buck Smith · License #0000009213
(225) 953-8889
Source:
Magnoliakeyrealty
Added: Aug 25
Changed: Oct 31
Last Checked: Oct 29 at 3:48AM
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 The Market Real Estate Co
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Investment Insights
Based on property information with market context.
Built in 1950, this four-unit property combines a two-story duplex at the front with two residences behind it. The duplex has screened-in porches; the rear accommodations include a one-bedroom unit and a one-bedroom apartment above a two-car carport. A shared driveway leads to rear parking and the alley. The property is fully leased, and existing leases are to remain in place through their stated terms.
The property is near LSU, the LSU lakes, BREC parks and golf course, and Government Street restaurants and nightlife. It is also described as not having flooded and as not requiring flood insurance.
The property is near LSU, the LSU lakes, BREC parks and golf course, and Government Street restaurants and nightlife. It is also described as not having flooded and as not requiring flood insurance.
Key Highlights
- Four rental units in a two‑story front duplex and two rear residences
- Built in 1950
- Screened‑in porches at the duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,354
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,080
$647.1K
Cap Rate 7%
$462,200
$462.2K
Cap Rate 9%
$359,489
$359.5K
Market Conditions
NOI Build-Up for 3,134 SF
Gross rent
$48.5K $15.48/SF
− Vacancy
−$2.3K −$0.73/SF
EGI
$46.2K $14.75/SF
− OpEx
−$13.9K −$4.42/SF
NOI
$32.4K $10.32/SF
Area
Baton Rouge, LA
Vacancy
4.73%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,080
Cap Rate 7%
$462,200
Cap Rate 9%
$359,489
Alternative Uses
Best Use
Multifamily LT 5
$462.2K
$404.4K – $539.2K
NOI $32,354 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$409.9K
$358.7K – $478.3K
NOI $28,695 @ 7.0% cap · market cap 6.11%
Theoretical Best
Specialty Retail
$750.6K
$656.8K – $875.7K
NOI $52,540 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
Business Placement
Demographics for 70806, LA
27,898
Population
14,972
Households
1.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
3,135
Density / Sq Mi
$53,430
Median Household Income
$41,894
Median Earnings
$1,014
Median Rent
$321,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four rental residences span a front duplex and two rear units, with shared access to rear parking.
Where is this quadplex located?
The property is located at 1932 - 1938 Oleander St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Four rental units in a two‑story front duplex and two rear residences; Built in 1950; Screened‑in porches at the duplex
