Triplex with Detached
New
For Sale
$468,000
4170 Janet Ave, Baton Rouge, LA 70820
Three residential units include a primary home and two separately metered apartments near Tiger Stadium.
Property Size4,288 SF
Price / SF$109.14
Days on Market2
Property Features for 4170 Janet Ave
General Information
Standard status
Active
Size
4,288 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA (2,400 SF), 1 x 1BR/1BA (577 SF), 1 x 3BR/2BA (1,311 SF)
Multifamily Units
3
Building Details
Buildings
3
Listing Agency:
KW Commercial Baton Rouge
(225) 768-1889
Listed By:
David Vercher · License #0000070595
Source:
Larry.agent225
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 7:51AM
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 KW Commercial Baton Rouge
Investment Insights
Based on property information with market context.
This triplex comprises approximately 4,288 SF of living area across three units. The principal residence contains 2,400 SF with three bedrooms and two bathrooms. Two detached apartments add 577 SF with one bedroom and one bathroom, plus 1,311 SF with three bedrooms and two bathrooms. The apartments are separately metered, providing distinct utility metering for those units.
The property is currently vacant and requires cosmetic improvements. Its location is within walking distance of Tiger Stadium and near LSU, placing the residential asset in an established university-area setting. The existing configuration provides three separate residential components within one property, with the detached apartment arrangement supporting operational separation from the main residence.
The property is currently vacant and requires cosmetic improvements. Its location is within walking distance of Tiger Stadium and near LSU, placing the residential asset in an established university-area setting. The existing configuration provides three separate residential components within one property, with the detached apartment arrangement supporting operational separation from the main residence.
Key Highlights
- Approximately 4,288 SF distributed among three residential units
- 2,400 SF main residence with 3 BR and 2 BA
- Detached 577 SF apartment with 1 BR and 1 BA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,261
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$785,220
$785.2K
Cap Rate 7%
$560,871
$560.9K
Cap Rate 9%
$436,233
$436.2K
Market Conditions
NOI Build-Up for 4,288 SF
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.
Gross rent
$75.1K $17.52/SF
− Vacancy
−$3.7K −$0.87/SF
EGI
$71.4K $16.65/SF
− OpEx
−$32.1K −$7.49/SF
NOI
$39.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$785,220
Cap Rate 7%
$560,871
Cap Rate 9%
$436,233
Alternative Uses
Best Use
Multifamily LT 5
$632.4K
$553.3K – $737.8K
NOI $44,267 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$560.9K
$490.8K – $654.4K
NOI $39,261 @ 7.0% cap · market cap 8.39%
Theoretical Best
Specialty Retail
$1.03M
$898.6K – $1.20M
NOI $71,886 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 70820, LA
23,470
Population
11,589
Households
2
Avg Household Size
26
Median Age
54%
College-Educated
94%
High-School Grad
20.6 sq mi
ZIP Area
1,139
Density / Sq Mi
$47,556
Median Household Income
$23,397
Median Earnings
$1,057
Median Rent
$293,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include a primary home and two separately metered apartments near Tiger Stadium.
Where is this triplex located?
The property is located at 4170 Janet Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $468,000.
What are key features of this property?
This property features: Approximately 4,288 SF distributed among three residential units; 2,400 SF main residence with 3 BR and 2 BA; Detached 577 SF apartment with 1 BR and 1 BA
