Updated Four-Unit
For Sale
$225,000
2389 Tennessee Street, Baton Rouge, LA 70802
Four one-bedroom units feature open-plan interiors, kitchens, and living areas in a residential income property near LSU.
Property Size1,703 SF
Price / SF$132.12
Days on Market224
Property Features for 2389 Tennessee Street
General Information
Standard status
Active
Size
1,703 SF
Property subtype
MULTI FAMILY FOR SALE / Townhouse
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Amenities
Window Unit(s)
Wall Furnace
Range/Oven, Refrigerator
1
Asphalt
2
Slab: Traditional
Brick
Building Details
Buildings
1
Listing Agency:
Boyd Realtors, LLC
Listed By:
Amberly Pierre · License #995694127
(504) 416-5311
Source:
Compass
Added: Mar 13
Changed: Oct 21
Last Checked: Oct 20 at 11:59PM
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 Boyd Realtors, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit residential property includes one-bedroom units with open-plan interiors, kitchen areas, and living rooms. Recent improvements include new vinyl plank flooring, roofing, windows, electrical work, and plumbing. Brick exterior construction, an asphalt surface, and a traditional slab foundation are also noted. Window-unit cooling and other heat serve the building.
The property is located at 2389 Tennessee Street in Baton Rouge, Louisiana, with proximity to LSU. Its four-unit configuration and one-bedroom layouts provide a straightforward multifamily format for residential occupancy and rental use.
The property is located at 2389 Tennessee Street in Baton Rouge, Louisiana, with proximity to LSU. Its four-unit configuration and one-bedroom layouts provide a straightforward multifamily format for residential occupancy and rental use.
Key Highlights
- Four‑unit quadplex with one‑bedroom layouts
- New vinyl plank flooring, roof, windows, electrical, and plumbing
- Open‑plan interiors with kitchen and living room areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,581
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,620
$351.6K
Cap Rate 7%
$251,157
$251.2K
Cap Rate 9%
$195,344
$195.3K
Market Conditions
NOI Build-Up for 1,703 SF
Gross rent
$26.4K $15.48/SF
− Vacancy
−$1.2K −$0.73/SF
EGI
$25.1K $14.75/SF
− OpEx
−$7.5K −$4.42/SF
NOI
$17.6K $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%
$351,620
Cap Rate 7%
$251,157
Cap Rate 9%
$195,344
Alternative Uses
Best Use
Multifamily LT 5
$251.2K
$219.8K – $293.0K
NOI $17,581 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$222.8K
$194.9K – $259.9K
NOI $15,593 @ 7.0% cap · market cap 6.93%
Theoretical Best
Specialty Retail
$407.9K
$356.9K – $475.8K
NOI $28,550 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
409
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
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
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom units feature open-plan interiors, kitchens, and living areas in a residential income property near LSU.
Where is this quadplex located?
The property is located at 2389 Tennessee Street Baton Rouge, LA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Four‑unit quadplex with one‑bedroom layouts; New vinyl plank flooring, roof, windows, electrical, and plumbing; Open‑plan interiors with kitchen and living room areas
