Condo in Prime Mid-Town
For Sale
$72,750
4735 Government St ##216 Baton, Baton Rouge, LA 70806
Charming 1 bed, 1 bath condo in vibrant Mid-Town.
Property Size633 SF
Days on Market376
Property Features for 4735 Government St ##216 Baton
General Information
Standard status
Active
Size
633 SF
Property subtype
Condominium
Taxes and HOA fees
Annual Taxes
$3,300
Amenities
Central
Central Air
Ceiling Fan(s)
Electric Cooktop
Dishwasher
Microwave
Stainless Steel Appliance(s)
Pool, Shingle
Building Details
Building Size
633 SF
Year Built
1968
Stories
1
Listing Agency:
Baton Rouge
Listed By:
Michelle Knobloch-Murphy · License #0995676780
(225) 293-4448
Source:
Kw
Added: Aug 26, 2025
Changed: Aug 7
Last Checked: Sep 4 at 5:33PM
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 Baton Rouge
Investment Insights
Based on property information with market context.
This condo in Vieux Carre Condominiums offers a prime location in the heart of Mid-Town, surrounded by restaurants, bars, shopping, and entertainment. It features 1 bedroom and 1 bathroom, with a spacious living room. The kitchen is equipped with stainless steel appliances. Additional features include recessed lighting, crown molding, updated fixtures, and laminate wood flooring throughout, with ceramic tile in the wet areas. Community amenities include a pool, laundry facilities, and secure electric gate access. Monthly HOA dues of $275 cover water, sewer, trash, property maintenance, grounds keeping, community pool, and building insurance. This condo is suitable for low maintenance living and investment rental opportunities.
Key Highlights
- Prime mid‑town location: Surrounded by restaurants, bars, shopping, and entertainment.
- Enjoy low‑maintenance living: HOA covers water, sewer, trash, property maintenance, grounds keeping, community pool, and building insurance.
- Community pool and laundry facilities.
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
$5,796
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
7.97%
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%
$115,920
$115.9K
Cap Rate 7%
$82,800
$82.8K
Cap Rate 9%
$64,400
$64.4K
Market Conditions
NOI Build-Up for 633 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
$11.1K $17.52/SF
− Vacancy
−$552 −$0.87/SF
EGI
$10.5K $16.65/SF
− OpEx
−$4.7K −$7.49/SF
NOI
$5.8K $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 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%
$115,920
Cap Rate 7%
$82,800
Cap Rate 9%
$64,400
Alternative Uses
Best Use
Apartment 5plus
$82.8K
$72.5K – $96.6K
NOI $5,796 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$151.6K
$132.7K – $176.9K
NOI $10,612 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,356
Businesses Nearby
Explore this area
Business Placement
Demographics for 70806, LA
27,898
Population
14,972
Households
1.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
3,135
Density / Sq Mi
$53,430
Median Household Income
$41,894
Median Earnings
$1,014
Median Rent
$321,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Charming 1 bed, 1 bath condo in vibrant Mid-Town.
Where is this apartment building located?
The property is located at 4735 Government St ##216 Baton Baton Rouge, LA.
What is the asking price?
The asking price for this property is $72,750.
What are key features of this property?
This property features: Prime mid‑town location: Surrounded by restaurants, bars, shopping, and entertainment.; Enjoy low‑maintenance living: HOA covers water, sewer, trash, property maintenance, grounds keeping, community pool, and building insurance.; Community pool and laundry facilities.
