8-Unit Multifamily
For Sale
$250,000
3178 N Foster Dr, Baton Rouge, LA 70805
Four duplex buildings offer updated interiors, private outdoor areas, and dedicated parking for each residence.
Property Size2,478 SF
Price / SF$100.89
Days on Market60
Property Features for 3178 N Foster Dr
General Information
Standard status
Active
Size
2,478 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
8
Building Details
Buildings
4
Listing Agency:
Keller Williams Realty-First Choice
Listed By:
Matthew Pearce · License #995710805
(504) 300-0700
Source:
Larry.agent225
Added: Aug 15
Changed: Oct 8
Last Checked: Oct 7 at 3:43PM
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 multifamily property comprises four duplex buildings with eight total residences. Each single-story unit contains 1,236 square feet, three bedrooms, and two full bathrooms. Interior features include ceramic tile flooring, granite countertops, stainless steel appliances, a breakfast bar, dishwasher, and pantry space. Private rear entries open to small grassy outdoor areas, while each unit has a dedicated concrete parking space. Brick exteriors support a low-maintenance building profile.
The property is located at 3178 N Foster Dr in Baton Rouge, near Mid City, Downtown, a hospital, shopping, restaurants, and entertainment. Sidewalks and access to major roadways support convenient connections throughout the area. The eight-unit configuration and consistent three-bedroom layouts provide a clearly defined multifamily format.
The property is located at 3178 N Foster Dr in Baton Rouge, near Mid City, Downtown, a hospital, shopping, restaurants, and entertainment. Sidewalks and access to major roadways support convenient connections throughout the area. The eight-unit configuration and consistent three-bedroom layouts provide a clearly defined multifamily format.
Key Highlights
- Four duplex buildings with 8 total units
- Each unit measures 1,236 square feet with 3 bedrooms and 2 full bathrooms
- Ceramic tile flooring, granite countertops, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,689
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,780
$453.8K
Cap Rate 7%
$324,129
$324.1K
Cap Rate 9%
$252,100
$252.1K
Market Conditions
NOI Build-Up for 2,478 SF
Gross rent
$43.4K $17.52/SF
− Vacancy
−$2.2K −$0.87/SF
EGI
$41.3K $16.65/SF
− OpEx
−$18.6K −$7.49/SF
NOI
$22.7K $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%
$453,780
Cap Rate 7%
$324,129
Cap Rate 9%
$252,100
Alternative Uses
Best Use
Multifamily LT 5
$365.5K
$319.8K – $426.4K
NOI $25,582 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$324.1K
$283.6K – $378.2K
NOI $22,689 @ 7.0% cap · market cap 9.08%
Theoretical Best
Specialty Retail
$593.5K
$519.3K – $692.4K
NOI $41,542 @ 7.0% cap · market cap 16.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Explore this area
Business Placement
Demographics for 70805, LA
26,025
Population
11,502
Households
2.3
Avg Household Size
34
Median Age
11%
College-Educated
72%
High-School Grad
11.4 sq mi
ZIP Area
2,283
Density / Sq Mi
$26,301
Median Household Income
$24,287
Median Earnings
$833
Median Rent
$103,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four duplex buildings offer updated interiors, private outdoor areas, and dedicated parking for each residence.
Where is this multifamily property located?
The property is located at 3178 N Foster Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Four duplex buildings with 8 total units; Each unit measures 1,236 square feet with 3 bedrooms and 2 full bathrooms; Ceramic tile flooring, granite countertops, and stainless steel appliances
