Renovated Duplex with
For Sale
$374,900
2103 Government St, Baton Rouge, LA 70806
Two-level income property with updated kitchens, separate HVAC systems, shared laundry, and commercial-use zoning.
Property Size2,499 SF
Price / SF$150.02
Days on Market47
Property Features for 2103 Government St
General Information
Standard status
Active
Size
2,499 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
shared laundry room
Building Details
Year Renovated
2024
Buildings
1
Stories
2
Listing Agency:
Compass - Perkins
Listed By:
Kim Blanchard · License #0995689268
(225) 772-3443
Source:
Larry.agent225
Added: Sep 5
Changed: Oct 6
Last Checked: Oct 7 at 12:55PM
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 Compass - Perkins
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Investment Insights
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This two-level duplex contains two separate two-bedroom, one-bathroom residences. Both units include renovated kitchens with granite countertops and stainless steel appliances, while the ground-floor kitchen also has a 5-burner gas stove and the upper unit includes an electric stove. Interior features include walk-in showers, marble-counter vanity tops, decorative fireplace detailing, and extensive window exposure. The upper residence adds a side balcony, and both units connect to a shared laundry and mud area on the ground level.
Renovation work was completed during 2023-2024, including a roof replacement in 2023, two HVAC system installations in 2024, and a tankless water heater installed in 2024. The property provides parking for 4+ cars at the front and 4+ cars at the rear. Located at 2103 Government St in Baton Rouge, the property is described as zoned for commercial use as well as residential use.
Renovation work was completed during 2023-2024, including a roof replacement in 2023, two HVAC system installations in 2024, and a tankless water heater installed in 2024. The property provides parking for 4+ cars at the front and 4+ cars at the rear. Located at 2103 Government St in Baton Rouge, the property is described as zoned for commercial use as well as residential use.
Key Highlights
- Two‑level duplex with two 2‑bedroom, 1‑bath units
- Renovated during 2023‑2024
- Roof replaced in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,798
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,960
$516.0K
Cap Rate 7%
$368,543
$368.5K
Cap Rate 9%
$286,644
$286.6K
Market Conditions
NOI Build-Up for 2,499 SF
Gross rent
$38.7K $15.48/SF
− Vacancy
−$1.8K −$0.73/SF
EGI
$36.9K $14.75/SF
− OpEx
−$11.1K −$4.42/SF
NOI
$25.8K $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%
$515,960
Cap Rate 7%
$368,543
Cap Rate 9%
$286,644
Alternative Uses
Best Use
Multifamily LT 5
$368.5K
$322.5K – $430.0K
NOI $25,798 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$326.9K
$286.0K – $381.4K
NOI $22,881 @ 7.0% cap · market cap 6.10%
Theoretical Best
Specialty Retail
$598.5K
$523.7K – $698.2K
NOI $41,894 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level income property with updated kitchens, separate HVAC systems, shared laundry, and commercial-use zoning.
Where is this duplex located?
The property is located at 2103 Government St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Two‑level duplex with two 2‑bedroom, 1‑bath units; Renovated during 2023‑2024; Roof replaced in 2023
