Eight-Unit Multifamily
For Sale
$1,000,000
3232 N Foster Dr, Baton Rouge, LA 70805
Single-story residences offer three-bedroom layouts, modern finishes, and private outdoor areas.
Property Size9,912 SF
Price / SF$100.89
Days on Market68
Property Features for 3232 N Foster Dr
General Information
Standard status
Active
Size
9,912 SF
Total Parking Spaces
8
Property subtype
Multifamily
Zoning
C2
Units
Unit Mix
8 x 3BR/2BA
Multifamily Units
8
Parking per Unit
1
Additional Details
Highway Access
Yes
Amenities
Power
Water
Sewer
8 Parking Spaces
Building Details
Buildings
4
Construction
brick
Listing Agency:
Keller Williams Realty-First Choice
Listed By:
Matthew Pearce · License #995710805
(225) 744-0044
Source:
Lacdb.resimplifi
Added: Aug 7
Changed: Sep 14
Last Checked: Oct 12 at 4:41PM
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 units. Each single-story residence measures 1,236 square feet and includes three bedrooms, two full bathrooms, ceramic tile flooring, granite countertops, stainless steel appliances, a breakfast bar, dishwasher, and pantry space. Private rear entrances open to small grassy areas, while each unit has a dedicated concrete parking space. Brick exteriors support a low-maintenance design.
Located at 3232 N Foster Dr in Baton Rouge, the property is positioned near Mid City, Downtown, hospitals, shopping, restaurants, and entertainment. Sidewalks and access to major roadways support convenient connections throughout the area.
Located at 3232 N Foster Dr in Baton Rouge, the property is positioned near Mid City, Downtown, hospitals, shopping, restaurants, and entertainment. Sidewalks and access to major roadways support convenient connections throughout the area.
Key Highlights
- Four duplexes with 8 total units
- Each unit offers 1,236 square feet with 3 bedrooms and 2 full bathrooms
- Ceramic tile, granite countertops, stainless steel appliances, breakfast bars, dishwashers, and pantries
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,756
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,815,120
$1.8M
Cap Rate 7%
$1,296,514
$1.3M
Cap Rate 9%
$1,008,400
$1.0M
Market Conditions
NOI Build-Up for 9,912 SF
Gross rent
$173.7K $17.52/SF
− Vacancy
−$8.6K −$0.87/SF
EGI
$165.0K $16.65/SF
− OpEx
−$74.3K −$7.49/SF
NOI
$90.8K $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%
$1,815,120
Cap Rate 7%
$1,296,514
Cap Rate 9%
$1,008,400
Alternative Uses
Best Use
Multifamily LT 5
$1.46M
$1.28M – $1.71M
NOI $102,326 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$1.30M
$1.13M – $1.51M
NOI $90,756 @ 7.0% cap · market cap 9.08%
Theoretical Best
Specialty Retail
$2.37M
$2.08M – $2.77M
NOI $166,168 @ 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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
336
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 - Single-story residences offer three-bedroom layouts, modern finishes, and private outdoor areas.
Where is this multifamily property located?
The property is located at 3232 N Foster Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four duplexes with 8 total units; Each unit offers 1,236 square feet with 3 bedrooms and 2 full bathrooms; Ceramic tile, granite countertops, stainless steel appliances, breakfast bars, dishwashers, and pantries
