18-Unit Apartment
For Sale
$2,450,000
5133-5277 Brightside View Dr, Baton Rouge, LA 70820
Fully occupied student housing portfolio near LSU campus.
Property Size15,000 SF
Days on Market59
Property Features for 5133-5277 Brightside View Dr
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Multifamily
Occupancy
100%
Additional Details
Multifamily Units
18
Building Details
Building Size
15,000 SF
Listing Agency:
JRE Brokerage
Listed By:
Mark Segalla · License #SALE.995699471‐ACT
(225) 505-4349
Source:
Gojre
Added: Aug 21
Changed: Oct 12
Last Checked: Oct 16 at 6:51AM
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 JRE Brokerage
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment portfolio comprises 18 multifamily units in Baton Rouge. The properties are positioned off Brightside Drive near LSU campus and are identified as student rentals with 100% occupancy.
Key Highlights
- 18 multifamily units included
- 100% occupied student rental portfolio
- Located off Brightside Drive near LSU campus
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,342
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,746,840
$2.7M
Cap Rate 7%
$1,962,029
$2.0M
Cap Rate 9%
$1,526,022
$1.5M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$262.8K $17.52/SF
− Vacancy
−$13.1K −$0.87/SF
EGI
$249.7K $16.65/SF
− OpEx
−$112.4K −$7.49/SF
NOI
$137.3K $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 Rate 5%
$2,746,840
Cap Rate 7%
$1,962,029
Cap Rate 9%
$1,526,022
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,342 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.59M
$3.14M – $4.19M
NOI $251,465 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
186
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
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied student housing portfolio near LSU campus.
Where is this apartment building located?
The property is located at 5133-5277 Brightside View Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 18 multifamily units included; 100% occupied student rental portfolio; Located off Brightside Drive near LSU campus
