Fully Occupied
2389 Tennessee St Baton Rouge, LA 70802
2389 Tennessee St, Baton Rouge, LA, 70802
$225,000
For Sale
$225,000
MULTI_FAMILY - Baton Rouge, LA
Property Size1,703 SF
Lot Size0.05 Acres
Price / SF$132.12
Days on Market93
Property Features for 2389 Tennessee St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Active
- Size
- 1,703 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Description
- Ward: 1-3, Subdivision: South Baton Rouge, Lot: 34, Block: 38.
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Floors in Building
- 2
- Building materials
- Brick Siding, Brick
- Roof type
- Composition
Listing Agency
Keller Williams Realty Red Stick Partners
(225) 768-1800
8686 Bluebonnet, Baton Rouge, LA
Listed by
Timothy Houk · License #0000075454
(225) 301-7467
Added: Apr 16 Checked: Jul 17 at 6:06 pm
MLS# 2026006900
Listing URL
Copyright © 2026 Greater Baton Rouge Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fourplex at 2389 Tennessee St, Baton Rouge, LA 70802 consists of four residential units and is fully occupied. The reported total monthly income is $3,200, providing a consistent revenue stream based on current tenancy. The property is described as being well maintained, and it is offered as a residential income asset for buyers seeking an immediately leased configuration.
Located in Baton Rouge, the property is noted as being just a short drive or bike ride from the LSU Lakes, supporting convenient access to an outdoor recreation destination. The listing also characterizes the area as central, with quick access to the university.
For investors and buyers who prioritize an income-producing, tenant-occupied asset, this four-unit property offers straightforward operation as a residential income building. With occupancy already in place, there is no need to lease up the units to begin collecting rental income based on the current reported figures. All details provided here reflect the information in the listing, including the fully occupied status and the $3,200 total monthly income.
Located in Baton Rouge, the property is noted as being just a short drive or bike ride from the LSU Lakes, supporting convenient access to an outdoor recreation destination. The listing also characterizes the area as central, with quick access to the university.
For investors and buyers who prioritize an income-producing, tenant-occupied asset, this four-unit property offers straightforward operation as a residential income building. With occupancy already in place, there is no need to lease up the units to begin collecting rental income based on the current reported figures. All details provided here reflect the information in the listing, including the fully occupied status and the $3,200 total monthly income.
Key Highlights
- Fully occupied fourplex with total monthly income of $3,200
- Brick siding construction with composition roof
- Public utilities: public water and public sewer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $15.48 |
| − Vacancy | −$1.2k | −$0.73 |
| EGI | $25.1k | $14.75 |
| − OpEx | −$7.5k | −$4.42 |
| NOI | $17.6k | $10.32 |
1,703 SF · lease $15.48/SF/yr · vacancy 4.73% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Marks Dumpster Services
Waste Management Facility
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FAQs
What type of property is this?
Quadplex - A four-unit residential income property with all units occupied and monthly income of $3,200.
Where is this quadplex located?
The property is located at 2389 Tennessee St 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: Fully occupied fourplex with total monthly income of $3,200; Brick siding construction with composition roof; Public utilities: public water and public sewer
