Multifamily Property with Central
For Sale
$690,000
3161-3181 North Blvd, Baton Rouge, LA 70806
Interior features include ceiling fans, walk-in closets, high ceilings, and tile counters.
Property Size1,215 SF
Price / SF$106.61
Days on Market152
Property Features for 3161-3181 North Blvd
General Information
Standard status
Active
Size
1,215 SF
Total Parking Spaces
12
Property subtype
Residential Income
Net Operating Income
$42,997
Site & Location
Neighborhood
Mid City
Taxes and HOA fees
Annual Taxes
$10,603
Amenities
Central Air, Ceiling Fan(s), Multi Units
Central
Disposal, Refrigerator, Range
Walk-In Closet(s), High Ceilings, Tile Counters
Vinyl
Garage Door Opener
Traditional
Building Details
Building Size
1,215 SF
Year Built
2020
Buildings
2
Listing Agency:
Keller Williams Realty-First Choice
Listed By:
Nia Bookter · License #0995697060
(225) 788-1615
Source:
Evrealestate
Added: Jun 3
Changed: Oct 30
Last Checked: Oct 30 at 2:50PM
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
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 multifamily property was built in 2020 and features central air, ceiling fans, and multiple central systems. Interior amenities include walk-in closets, high ceilings, tile counters, a disposal, refrigerator, and range. Vinyl exterior finishes and a garage door opener are also noted.
The property is at the corner of North Blvd and Kernan in Baton Rouge, Louisiana.
The property is at the corner of North Blvd and Kernan in Baton Rouge, Louisiana.
Key Highlights
- Built in 2020
- Located at the North Blvd and Kernan corner in Baton Rouge
- Interior features include walk‑in closets, high ceilings, and tile counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,258
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,160
$1.2M
Cap Rate 7%
$846,543
$846.5K
Cap Rate 9%
$658,422
$658.4K
Market Conditions
NOI Build-Up for 6,472 SF
Gross rent
$113.4K $17.52/SF
− Vacancy
−$5.6K −$0.87/SF
EGI
$107.7K $16.65/SF
− OpEx
−$48.5K −$7.49/SF
NOI
$59.3K $9.16/SF
Area
Baton Rouge, LA
Vacancy
4.98%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,160
Cap Rate 7%
$846,543
Cap Rate 9%
$658,422
Alternative Uses
Best Use
Apartment 5plus
$846.5K
$740.7K – $987.6K
NOI $59,258 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,499 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,447
Businesses Nearby
Explore this area
Business Placement
Demographics for 70806, LA
27,898
Population
14,972
Households
1.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
3,135
Density / Sq Mi
$53,430
Median Household Income
$41,894
Median Earnings
$1,014
Median Rent
$321,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Interior features include ceiling fans, walk-in closets, high ceilings, and tile counters.
Where is this multifamily property located?
The property is located at 3161-3181 North Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Built in 2020; Located at the North Blvd and Kernan corner in Baton Rouge; Interior features include walk‑in closets, high ceilings, and tile counters
