Historic 4-Unit
For Sale
$750,000
2211 Tulip St, Baton Rouge, LA 70806
Fully occupied historic multifamily property with transferable leases and rear parking.
Property Size4,850 SF
Price / SF$154.64
Days on Market42
Property Features for 2211 Tulip St
General Information
Standard status
Active
Size
4,850 SF
Property subtype
Residential Income
Listing Agency:
Cascio Realty LLC
Listed By:
Jay Cascio
(225) 302-1199
Source:
Exprealty
Added: Aug 27
Changed: Oct 3
Last Checked: Oct 6 at 12:19AM
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 Cascio Realty LLC
Investment Insights
Based on property information with market context.
This 4,850-square-foot quadplex contains four two-bedroom, one-bath residences and is currently 100% occupied. The property includes 10 rear parking spaces, and all existing leases will transfer to the new owner.
Constructed in 1941, the building was designed by A. Hayes Town in a classic American Colonial/Georgian architectural style. The property is recognized by the Foundation of Historical Louisiana. Prospective buyers may inspect the property after an offer has been accepted to minimize disruption for residents.
Constructed in 1941, the building was designed by A. Hayes Town in a classic American Colonial/Georgian architectural style. The property is recognized by the Foundation of Historical Louisiana. Prospective buyers may inspect the property after an offer has been accepted to minimize disruption for residents.
Key Highlights
- Four two‑bedroom, one‑bath units
- 4,850‑square‑foot building constructed in 1941
- 100% occupied with leases transferring to the new owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,069
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,380
$1.0M
Cap Rate 7%
$715,271
$715.3K
Cap Rate 9%
$556,322
$556.3K
Market Conditions
NOI Build-Up for 4,850 SF
Gross rent
$75.1K $15.48/SF
− Vacancy
−$3.6K −$0.73/SF
EGI
$71.5K $14.75/SF
− OpEx
−$21.5K −$4.42/SF
NOI
$50.1K $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%
$1,001,380
Cap Rate 7%
$715,271
Cap Rate 9%
$556,322
Alternative Uses
Best Use
Multifamily LT 5
$715.3K
$625.9K – $834.5K
NOI $50,069 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$634.4K
$555.1K – $740.1K
NOI $44,407 @ 7.0% cap · market cap 5.92%
Theoretical Best
Specialty Retail
$1.16M
$1.02M – $1.36M
NOI $81,307 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
678
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Quadplex - Fully occupied historic multifamily property with transferable leases and rear parking.
Where is this quadplex located?
The property is located at 2211 Tulip St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four two‑bedroom, one‑bath units; 4,850‑square‑foot building constructed in 1941; 100% occupied with leases transferring to the new owner
