Two-Building Duplex
For Sale
$375,000
4-741 N 8th St, Baton Rouge, LA 70802
The two-building assemblage includes an occupied side and a second duplex with substantial renovation work completed.
Property Size3,466 SF
Price / SF$108.19
Days on Market8
Property Features for 4-741 N 8th St
General Information
Standard status
Active
Size
3,466 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Building Details
Buildings
2
Listing Agency:
Geaux Home Real Estate
(225) 338-8414
Listed By:
Kevin Doiron · License #0995691919
(225) 281-9819
Source:
Exprealty
Added: Oct 12
Changed: Oct 17
Last Checked: Oct 19 at 11:36AM
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 Geaux Home Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,466-square-foot property comprises two duplex buildings on a single lot. One building faces Spanish Town, while the other fronts N 8th St. At the N 8th St. duplex, a tenant occupies one side; the ceiling has been removed from the other.
The Spanish Town building has undergone extensive interior work, including removal to the studs and repairs to most of the framing. Its foundation was leveled, and most original wood windows remain in working condition.
The Spanish Town building has undergone extensive interior work, including removal to the studs and repairs to most of the framing. Its foundation was leveled, and most original wood windows remain in working condition.
Key Highlights
- Two duplex buildings occupy one lot, with 3,466 square feet of property size
- One side of the N 8th St. duplex has a tenant; the ceiling is removed in the other side
- Spanish Town building was taken to the studs, with most framing repaired
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,735
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,700
$634.7K
Cap Rate 7%
$453,357
$453.4K
Cap Rate 9%
$352,611
$352.6K
Market Conditions
NOI Build-Up for 3,466 SF
Gross rent
$60.7K $17.52/SF
− Vacancy
−$3.0K −$0.87/SF
EGI
$57.7K $16.65/SF
− OpEx
−$26.0K −$7.49/SF
NOI
$31.7K $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%
$634,700
Cap Rate 7%
$453,357
Cap Rate 9%
$352,611
Alternative Uses
Best Use
Multifamily LT 5
$511.2K
$447.3K – $596.4K
NOI $35,781 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$453.4K
$396.7K – $528.9K
NOI $31,735 @ 7.0% cap · market cap 8.46%
Theoretical Best
Specialty Retail
$830.1K
$726.3K – $968.4K
NOI $58,105 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,746
Businesses Nearby
Explore this area
Business Placement
Demographics for 70802, LA
26,519
Population
13,887
Households
1.9
Avg Household Size
29
Median Age
24%
College-Educated
82%
High-School Grad
7.1 sq mi
ZIP Area
3,735
Density / Sq Mi
$34,082
Median Household Income
$23,215
Median Earnings
$935
Median Rent
$105,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two-building assemblage includes an occupied side and a second duplex with substantial renovation work completed.
Where is this duplex located?
The property is located at 4-741 N 8th St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two duplex buildings occupy one lot, with 3,466 square feet of property size; One side of the N 8th St. duplex has a tenant; the ceiling is removed in the other side; Spanish Town building was taken to the studs, with most framing repaired
