Fourplex with Updated
5276 Brightside View Dr, Baton Rouge, LA 70820
For Sale
$382,000
Three of the four residences are leased, with each offering two bedrooms and one-and-a-half bathrooms.
Property Size1,200 SF
Price / SF$318.33
Days on Market300
Property Features for 5276 Brightside View Dr
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
refrigerator
washer & dryer
Building Details
Building Size
Tenancy
Listing Agency:
Lewis Companies
Listed By:
Luke Lewis
(225) 766-8802
Source:
Magnoliakeyrealty
Added: Jan 15
Changed: Nov 2
Last Checked: Nov 9 at 9:21AM
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 Lewis Companies
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Investment Insights
Based on property information with market context.
This 1983 fourplex contains four residences, each with two bedrooms and one-and-a-half bathrooms. Refrigerators and washers and dryers are included in every unit, and the building’s exterior has been painted recently.
Three units are currently rented. The property is located approximately six minutes from LSU in Baton Rouge.
Three units are currently rented. The property is located approximately six minutes from LSU in Baton Rouge.
Key Highlights
- Four residential units, each with 2 bedrooms and 1.5 baths
- Three units currently rented
- Refrigerator, washer and dryer in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,388
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,760
$247.8K
Cap Rate 7%
$176,971
$177.0K
Cap Rate 9%
$137,644
$137.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$18.6K $15.48/SF
− Vacancy
−$879 −$0.73/SF
EGI
$17.7K $14.75/SF
− OpEx
−$5.3K −$4.42/SF
NOI
$12.4K $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 Rate 5%
$247,760
Cap Rate 7%
$176,971
Cap Rate 9%
$137,644
Alternative Uses
Best Use
Multifamily LT 5
$177.0K
$154.9K – $206.5K
NOI $12,388 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$157.0K
$137.3K – $183.1K
NOI $10,987 @ 7.0% cap · market cap 2.88%
Theoretical Best
Specialty Retail
$287.4K
$251.5K – $335.3K
NOI $20,117 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
158
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
$293,900
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Baton Rouge, LA
Properties on Market for Quadplexes in Baton Rouge
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three of the four residences are leased, with each offering two bedrooms and one-and-a-half bathrooms.
Where is this quadplex located?
The property is located at 5276 Brightside View Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $382,000.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1.5 baths; Three units currently rented; Refrigerator, washer and dryer in every unit
