New Townhouse-Style
3151-318 North Boulevard Baton Rouge, LA 70806
For Sale
$799,000
Well-maintained fourplex with townhouse-style layouts, each featuring three bedrooms and a private single-car garage.
Property Size7,360 SF
Price / SF$108.56
Days on Market82
Property Features for 3151-318 North Boulevard
General Information
- Standard status
- Active
- Size
- 7,360 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Listing Agency:
Keller Williams Realty-First Choice
(225) 788-1615
Listed By:
Nia M Bookter · License #0995697060
(225) 788-1615
Source:
Compass
Added: May 4
Changed: Jul 10
Last Checked: Jul 24 at 1:59PM
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 Keller Williams Realty-First Choice
Investment Insights
Based on property information with market context.
This newer construction fourplex is configured as four townhouse-style units. Each residence offers approximately 1,618 square feet of living space with three bedrooms and 2.5 bathrooms, along with a private single-car garage. Interior highlights include 9-foot ceilings, crown molding, ceramic tile flooring, open-concept living, and kitchen, dining, and living areas that flow together. Additional details include spacious walk-in closets and abundant storage throughout each unit.
The property is located on North Boulevard in Mid City, Baton Rouge, directly across from Ogden Park. It is described as being just minutes from Downtown Baton Rouge and Government Street for dining and shopping, as well as Baton Rouge Community College.
For buyers seeking a small multifamily asset, the unit mix of three-bedroom, 2.5-bath townhouse layouts is designed to appeal to households that want more space and a private garage. With four separate units on-site and the modern interior package already in place, the property may fit investors or owner-operators looking for a maintained fourplex in a well-established area.
The property is located on North Boulevard in Mid City, Baton Rouge, directly across from Ogden Park. It is described as being just minutes from Downtown Baton Rouge and Government Street for dining and shopping, as well as Baton Rouge Community College.
For buyers seeking a small multifamily asset, the unit mix of three-bedroom, 2.5-bath townhouse layouts is designed to appeal to households that want more space and a private garage. With four separate units on-site and the modern interior package already in place, the property may fit investors or owner-operators looking for a maintained fourplex in a well-established area.
Key Highlights
- Fourplex with townhouse‑style units on North Boulevard, directly across from Ogden Park
- Each unit offers approx. 1,618 SF with 3 bedrooms and 2.5 bathrooms
- Private single‑car garage with each residence
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 | $128.9k | $17.52 |
| − Vacancy | −$6.4k | −$0.87 |
| EGI | $122.5k | $16.65 |
| − OpEx | −$55.1k | −$7.49 |
| NOI | $67.4k | $9.16 |
7,360 SF · lease $17.52/SF/yr · vacancy 4.98% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$949.8K – $1.27M
NOI $75,981 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$962.7K
$842.4K – $1.12M
NOI $67,389 @ 7.0% cap · market cap 8.43%
Theoretical Best
Specialty Retail
$1.76M
$1.54M – $2.06M
NOI $123,386 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex with townhouse-style layouts, each featuring three bedrooms and a private single-car garage.
Where is this quadplex located?
The property is located at 3151-318 North Boulevard Baton Rouge, LA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fourplex with townhouse‑style units on North Boulevard, directly across from Ogden Park; Each unit offers approx. 1,618 SF with 3 bedrooms and 2.5 bathrooms; Private single‑car garage with each residence
