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Renovated Duplex with Two Leases

2702-2704 Iroquois St Baton Rouge, LA 70805

Claim this Listing
For Sale
$150,000

MULTI_FAMILY - Baton Rouge, LA

Property size:
1,315 SF
Lot size:
0.21 Acres
Price / SF:
$114.07/SF
Added:
Feb 19, 2026
Days on Market:
145
Last Refresh:
Jul 14 at 7:06 am

Property Features for 2702-2704 Iroquois St

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking
6
Interior features
Gas Stove Con.
Appliances
Range/Oven, Refrigerator
Standard status
Active
Size
1,315 SF
Lot size
0.21 Acres

Taxes and HOA fees

Tax Description
Ward 1-2; Block #2; Lot #11; Parcel #212229; Pitchford-Ourso Subdivision; Less: That Portion To Parish Of E.B.R. 1981. (122-9462); Lot Dimensions: 50X176.97; 0.21 Acres.

Utilities

Sewer type
Public Sewer
Heating system
Central, Wall Furnace
Cooling system
Window Unit(s), Ceiling Fan(s), Central Air
Water source
Public

Building Details

Flooring type
Wood, Tile - Ceramic
Building materials
Vinyl Siding, Other Siding, Frame
Roof type
Composition

Listing agent Gwen Le

Listing office eXp Realty 2900 Westfork Dr, Ste 401, Baton Rouge, LA

Listing date Feb 19, 2026

MLS# 2026003130 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 renovated duplex is configured as two separate, tenant-occupied units and is ready for an investor who wants income at or immediately after closing. Unit 1 is a 2-bedroom, 1-bath layout leased at $900 per month. Unit 2 is a 1-bedroom, 1-bath layout leased at $650 per month. Both units are currently occupied, which supports a straightforward ownership transition.

The property is located in East Baton Rouge Parish in Baton Rouge, Louisiana, at 2702-2704 Iroquois St (70805). The lot size is listed at 0.21 acres, and the total property size is 1,315 square feet. The property is identified as Flood Zone X.

This offering is best suited for investors seeking a performing residential income property with tenants already in place. Showings are by scheduled appointment only, and tenants should not be disturbed. Flood Zone X designation may also be a relevant consideration for underwriting and ongoing risk management.

Key Highlights

  • Income‑producing duplex with 2 tenant‑occupied units generating rent immediately
  • Unit 1: 2BR/1BA leased for $900/month
  • Unit 2: 1BR/1BA leased for $650/month

Local Financial Insights For Apartment 5plus

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 $23.0k $17.52
− Vacancy −$1.1k −$0.87
EGI $21.9k $16.65
− OpEx −$9.9k −$7.49
NOI $12.0k $9.16
1,315 SF · lease $17.52/SF/yr · vacancy 4.98% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$193.9K
$169.7K – $226.3K (±1% cap)
NOI $13,575 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$172.0K
$150.5K – $200.7K (±1% cap)
NOI $12,040 @ 7.0% cap · market cap 8.03%
Theoretical Best
Specialty Retail
$314.9K
$275.6K – $367.4K (±1% cap)
NOI $22,045 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Skin Care Clinic Electrical Service Pharmacy Kitchen & Bath Showroom Garden Center Building Supply Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two tenant-occupied units provide immediate rental income for an investor purchase in Baton Rouge.
Where is this duplex located?
The property is located at 2702-2704 Iroquois St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Income‑producing duplex with 2 tenant‑occupied units generating rent immediately; Unit 1: 2BR/1BA leased for $900/month; Unit 2: 1BR/1BA leased for $650/month
Contact an agent
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