Occupied Quadplex Near LSU
For Sale
$225,000
2389 Tennessee St, Baton Rouge, LA 70802
Residential Income, Baton Rouge, LA
Property Size1,703 SF
Lot Size0.05 Acres
Price / SF$132.12
Days on Market184
Property Features for 2389 Tennessee St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
Appliances
Range/Oven, Refrigerator
Subdivision
South Baton Rouge
Elementary school district
East Baton Rouge
Middle school district
East Baton Rouge
High school district
East Baton Rouge
Directions
Bounding Streets: E BUCHANAN
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.
Legal 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
Listed By:
Timothy Houk · License #0000075454
(225) 301-7467
Added: Apr 16
Changed: Aug 19
Last Checked: Oct 16 at 12:06PM
MLS# 2026006900
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.
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Investment Insights
Based on property information with market context.
This quadplex at 2389 Tennessee St in Baton Rouge contains 1,703 square feet on a 0.046-acre parcel. The building features brick construction, composition roofing, wall-furnace heating, and window-unit cooling. Range/oven and refrigerator appliances are included, while parking is available on the street.
The property is fully occupied and positioned near the LSU Lakes, with the university and major transit routes also identified in the surrounding context. Public water and public sewer serve the site. Its compact format and existing occupancy provide a straightforward multifamily asset profile in Baton Rouge’s 70802 area.
The property is fully occupied and positioned near the LSU Lakes, with the university and major transit routes also identified in the surrounding context. Public water and public sewer serve the site. Its compact format and existing occupancy provide a straightforward multifamily asset profile in Baton Rouge’s 70802 area.
Key Highlights
- Quadplex with 1,703 square feet of building area
- Fully occupied multifamily property
- 0.046‑acre parcel at 2389 Tennessee St, Baton Rouge, LA 70802
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
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Current Use
Lease Details
4
Residential units
100%
Occupancy
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 - Brick construction with public utilities and on-street parking supports a compact multifamily configuration.
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: Quadplex with 1,703 square feet of building area; Fully occupied multifamily property; 0.046‑acre parcel at 2389 Tennessee St, Baton Rouge, LA 70802
