Two-Unit Duplex with Central
For Sale
$130,000
4736-4738 Paige St, Baton Rouge, LA 70811
Income-producing duplex with two compact residences and shared central climate control.
Property Size1,132 SF
Price / SF$114.84
Days on Market173
Property Features for 4736-4738 Paige St
General Information
Standard status
Active
Size
1,132 SF
Property subtype
Multi-Family
Listing Agency:
Goodwood Realty
(225) 939-3936
Listed By:
Brittany Harvey · License #995709400
Source:
Smithsquared
Added: Mar 13
Changed: Aug 31
Last Checked: Aug 31 at 6:30PM
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 Goodwood Realty
Investment Insights
Based on property information with market context.
This duplex contains two separate one-bedroom, one-bath residences within approximately 1,132 square feet. Both units include central HVAC and range/oven appliances, supporting straightforward residential functionality. The building has a traditional slab foundation and a frame exterior finished with vinyl siding.
Located at 4736-4738 Paige Street in Baton Rouge, Louisiana, the property is configured as a two-unit residential income asset. Its unit layout provides two individual living spaces under one ownership structure.
Located at 4736-4738 Paige Street in Baton Rouge, Louisiana, the property is configured as a two-unit residential income asset. Its unit layout provides two individual living spaces under one ownership structure.
Key Highlights
- Two‑unit duplex configuration
- Each unit includes 1 bedroom and 1 bathroom
- Approximately 1,132 square feet
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
$11,686
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
8.99%
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%
$233,720
$233.7K
Cap Rate 7%
$166,943
$166.9K
Cap Rate 9%
$129,844
$129.8K
Market Conditions
NOI Build-Up for 1,132 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
$17.5K $15.48/SF
− Vacancy
−$829 −$0.73/SF
EGI
$16.7K $14.75/SF
− OpEx
−$5.0K −$4.42/SF
NOI
$11.7K $10.32/SF
Area
Baton Rouge, LA
Vacancy
4.73%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
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%
$233,720
Cap Rate 7%
$166,943
Cap Rate 9%
$129,844
Alternative Uses
Best Use
Multifamily LT 5
$166.9K
$146.1K – $194.8K
NOI $11,686 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$148.1K
$129.6K – $172.8K
NOI $10,365 @ 7.0% cap · market cap 7.97%
Theoretical Best
Specialty Retail
$271.1K
$237.2K – $316.3K
NOI $18,977 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 70811, LA
13,116
Population
5,093
Households
2.6
Avg Household Size
39
Median Age
19%
College-Educated
82%
High-School Grad
11.3 sq mi
ZIP Area
1,161
Density / Sq Mi
$41,195
Median Household Income
$31,696
Median Earnings
$876
Median Rent
$161,900
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?
Duplex - Income-producing duplex with two compact residences and shared central climate control.
Where is this duplex located?
The property is located at 4736-4738 Paige St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Each unit includes 1 bedroom and 1 bathroom; Approximately 1,132 square feet
