Stabilized Multifamily Portfolio Near
4636 Alvin Dark Ave Baton Rouge, LA 70820
4636 Alvin Dark Ave, Baton Rouge, LA, 70820
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For Sale
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72-unit multifamily portfolio in established student housing submarket near LSU.
Property Size21,440 SF
Price / SF$251.87
Days on Market328
Property Features for 4636 Alvin Dark Ave
General Information
- Standard status
- Active
- Size
- 21,440 SF
- Property subtype
- Multifamily
Listing Agency
Beau Box Commercial Real Estate
Listed by
Austin Palmer · License #SALE.995686636-ACT
Source
Crexi
Added: Aug 25, 2025 Checked: Jul 17 at 5:16 am
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 Beau Box Commercial Real Estate
Investment Insights
Based on property information with market context.
This is a stabilized 72-unit multifamily portfolio located in an established off-campus student housing submarket of Baton Rouge. The portfolio comprises 10 buildings situated on 9 separate parcels. The properties, totaling 72 units, have a history of strong occupancy and consistent cash flow. The location is near Louisiana State University's campus. The portfolio offers both immediate revenue and long-term growth potential. The area is currently suited for new development and long-term appreciation. Short-term upside is possible through interior upgrades and rent increases. The properties can be purchased individually or as a package. The total property size is 21440 square feet.
Key Highlights
- Stabilized 72‑unit multifamily portfolio with strong historical occupancy and consistent cash flow.
- Prime location minutes from LSU's campus in an established student housing submarket.
- Opportunity for short‑term upside through interior upgrades and rent increases.
Local Financial Insights For Apartment 5plus
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 | $375.6k | $17.52 |
| − Vacancy | −$18.7k | −$0.87 |
| EGI | $356.9k | $16.65 |
| − OpEx | −$160.6k | −$7.49 |
| NOI | $196.3k | $9.16 |
21,440 SF · lease $17.52/SF/yr · vacancy 4.98% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.80M
$2.45M – $3.27M
NOI $196,307 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.13M
$4.49M – $5.99M
NOI $359,428 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Country Club II ...
Apartment Building
WV Property Management, ...
Property Management Company
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FAQs
What type of property is this?
Apartment building - 72-unit multifamily portfolio in established student housing submarket near LSU.
Where is this apartment building located?
The property is located at 4636 Alvin Dark Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Stabilized 72‑unit multifamily portfolio with strong historical occupancy and consistent cash flow.; Prime location minutes from LSU's campus in an established student housing submarket.; Opportunity for short‑term upside through interior upgrades and rent increases.
