Fourplex with Four 2BR
3187 Wyoming Street Baton Rouge, LA 70802
3187 Wyoming Street, Baton Rouge, LA, 70802
$379,900
For Sale
$379,900
Move-in ready fourplex with four 2-bedroom, 1-bath units, each with full kitchens, laundry connections, and dedicated parking.
Property Size3,200 SF
Price / SF$118.72
Days on Market21
Property Features for 3187 Wyoming Street
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Listing agency
Kaizen Home Sales and Services, LLC
(225) 396-2215
Listed by
Kailyn Hubbard · License #995707743
(225) 396-2215
Source
Compass
Added: Jul 2 Updated: Jul 22 at 1:53AM Checked: Jul 22 at 10:33AM
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 Kaizen Home Sales and Services, LLC
Investment Insights
Based on property information with market context.
This move-in ready fourplex features four 2-bedroom, 1-bath units. Each unit includes a full kitchen, laundry connections, and dedicated parking. The property is described as well maintained, with updates including a new roof installed in 2024, newer Hardie siding, new flooring, newer water heaters, a new privacy fence enclosing the property, and TAP insulation installed in 2025.
The property is located at 3187 Wyoming Street in Baton Rouge, LA 70802. The current occupancy is three units occupied and one vacant, supporting straightforward showings.
The current configuration supports immediate income generation, with potential to lease the remaining unit. The seller states market rent is approximately $1,000 per unit.
The property is located at 3187 Wyoming Street in Baton Rouge, LA 70802. The current occupancy is three units occupied and one vacant, supporting straightforward showings.
The current configuration supports immediate income generation, with potential to lease the remaining unit. The seller states market rent is approximately $1,000 per unit.
Key Highlights
- Fourplex with four 2‑bedroom, 1‑bath units, each featuring a full kitchen
- Move‑in ready property with three units currently occupied and one vacant unit for easy showings
- Income‑producing setup with market rent noted as approximately $1,000 per unit
Local Financial Insights For Multifamily LT 5
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 | $49.5k | $15.48 |
| − Vacancy | −$2.3k | −$0.73 |
| EGI | $47.2k | $14.75 |
| − OpEx | −$14.2k | −$4.42 |
| NOI | $33.0k | $10.32 |
3,200 SF · lease $15.48/SF/yr · vacancy 4.73% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.9K
$412.9K – $550.6K
NOI $33,035 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$418.6K
$366.3K – $488.3K
NOI $29,300 @ 7.0% cap · market cap 7.71%
Theoretical Best
Specialty Retail
$766.4K
$670.6K – $894.1K
NOI $53,646 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Move-in ready fourplex with four 2-bedroom, 1-bath units, each with full kitchens, laundry connections, and dedicated parking.
Where is this quadplex located?
The property is located at 3187 Wyoming Street Baton Rouge, LA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Fourplex with four 2‑bedroom, 1‑bath units, each featuring a full kitchen; Move‑in ready property with three units currently occupied and one vacant unit for easy showings; Income‑producing setup with market rent noted as approximately $1,000 per unit
