Renovated 2-Unit
For Sale
$299,000
228 S 19th St, Baton Rouge, LA 70806
Two distinct floor plans offer a one-bedroom residence and a separate two-bedroom unit, with kitchen appliances included in the sale.
Property Size2,110 SF
Price / SF$141.71
Days on Market11
Property Features for 228 S 19th St
General Information
Standard status
Active
Size
2,110 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Downtown East
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Amenities
Ceramic Tile,Wood
Granite Counters,Pantry
Electric Dryer Hookup
Appraiser
Partial
Public
7840.8
4
67' x 120'
0.18
Ceiling Fans
Parking Lot
Pillar/Post/Pier
2110
Building Details
Building Size
2,110 SF
Year Renovated
2016
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
(225) 263-4694
Listed By:
Gary Hollier
Source:
Hollierrealestate
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:04PM
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 Gary Hollier
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Investment Insights
Based on property information with market context.
This duplex contains two separately configured apartments: one with one bedroom and one bathroom, and another with two bedrooms and one bathroom. The 2,110-square-foot property was renovated in 2016. Interior details include hardwood floors, decorative wall and trim work, granite kitchen counters, and pantry storage in both units. Each apartment has laundry and storage areas; appliances are included, along with the washer and dryer in the one-bedroom unit.
The property is at 228 S 19th St in Baton Rouge. Each unit has its own electric meter, while water is supplied through a single meter and reimbursed by the tenants. The owner covers lawn maintenance. The two-bedroom unit is located at the rear of the property.
The property is at 228 S 19th St in Baton Rouge. Each unit has its own electric meter, while water is supplied through a single meter and reimbursed by the tenants. The owner covers lawn maintenance. The two-bedroom unit is located at the rear of the property.
Key Highlights
- Two‑unit duplex with one‑bedroom/one‑bath and two‑bedroom/one‑bath apartments
- 2,110 square feet; renovated in 2016
- Granite counters and pantry storage in both kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,782
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,640
$435.6K
Cap Rate 7%
$311,171
$311.2K
Cap Rate 9%
$242,022
$242.0K
Market Conditions
NOI Build-Up for 2,110 SF
Gross rent
$32.7K $15.48/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$31.1K $14.75/SF
− OpEx
−$9.3K −$4.42/SF
NOI
$21.8K $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%
$435,640
Cap Rate 7%
$311,171
Cap Rate 9%
$242,022
Alternative Uses
Best Use
Multifamily LT 5
$311.2K
$272.3K – $363.0K
NOI $21,782 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$276.0K
$241.5K – $322.0K
NOI $19,319 @ 7.0% cap · market cap 6.46%
Theoretical Best
Specialty Retail
$505.3K
$442.2K – $589.6K
NOI $35,373 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
859
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 distinct floor plans offer a one-bedroom residence and a separate two-bedroom unit, with kitchen appliances included in the sale.
Where is this duplex located?
The property is located at 228 S 19th St 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: Two‑unit duplex with one‑bedroom/one‑bath and two‑bedroom/one‑bath apartments; 2,110 square feet; renovated in 2016; Granite counters and pantry storage in both kitchens
