Fully Leased
5407 Nicholson Drive Baton Rouge, LA 70820
For Sale
$425,000
Four-unit multifamily property is fully rented under existing leases with access to LSU and nearby dining.
Property Size4,000 SF
Price / SF$106.25
Days on Market200
Property Features for 5407 Nicholson Drive
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1980
Listing Agency:
Plain & Associates LLC
(225) 571-5958
Listed By:
Kendall Plain · License #0995684726
(225) 571-5958
Source:
Compass
Added: Jan 6
Changed: Jul 22
Last Checked: Jul 24 at 12:58PM
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 Plain & Associates LLC
Investment Insights
Based on property information with market context.
This four-unit multifamily property is offered fully rented, with each unit occupied under existing leases. The setup is designed for immediate rental occupancy, providing income-producing performance from day one.
Situated on Nicholson Drive in Baton Rouge, the property offers access to Louisiana State University and is described as minutes to Tiger Stadium and surrounding restaurant options. The location also provides access to campus, public transportation, and major roadways.
The current arrangement supports an income stream of over $4,000 per month, with tenants already in place and leases in effect. This is a turnkey option for buyers seeking multifamily ownership with existing revenue. Down payment assistance or grant programs may be available for qualified buyers, subject to lender guidelines.
Situated on Nicholson Drive in Baton Rouge, the property offers access to Louisiana State University and is described as minutes to Tiger Stadium and surrounding restaurant options. The location also provides access to campus, public transportation, and major roadways.
The current arrangement supports an income stream of over $4,000 per month, with tenants already in place and leases in effect. This is a turnkey option for buyers seeking multifamily ownership with existing revenue. Down payment assistance or grant programs may be available for qualified buyers, subject to lender guidelines.
Key Highlights
- Fourplex at 5407 Nicholson Drive, Baton Rouge, LA
- Fully leased with tenants already in place under existing leases
- Income‑producing property reported at over $4,000 per month
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 | $70.1k | $17.52 |
| − Vacancy | −$3.5k | −$0.87 |
| EGI | $66.6k | $16.65 |
| − OpEx | −$30.0k | −$7.49 |
| NOI | $36.6k | $9.16 |
4,000 SF · lease $17.52/SF/yr · vacancy 4.98% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$589.9K
$516.2K – $688.2K
NOI $41,294 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$523.2K
$457.8K – $610.4K
NOI $36,625 @ 7.0% cap · market cap 8.62%
Theoretical Best
Specialty Retail
$958.0K
$838.2K – $1.12M
NOI $67,057 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property is fully rented under existing leases with access to LSU and nearby dining.
Where is this quadplex located?
The property is located at 5407 Nicholson Drive Baton Rouge, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Fourplex at 5407 Nicholson Drive, Baton Rouge, LA; Fully leased with tenants already in place under existing leases; Income‑producing property reported at over $4,000 per month
