Two-Home Duplex
New
For Sale
$514,500
545-555 WILTZ Drive, Baton Rouge, LA 70806
Multi-Family, Traditional, Baton Rouge, LA
Property Size2,349 SF
Price / SF$219.03
Days on Market3
Property Features for 545-555 WILTZ Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Exterior features
Fence
Fencing
Fenced
Lot features
Regular
Subdivision
EBR MLS Area 61
Standard status
Active
APN
30840364
Size
2,349 SF
Taxes and HOA fees
Tax Description
WARD: 1-3, SUBDIVISION: CAPITAL HEIGHTS, LOT: 6-A, BLOCK: 8. LOT 6-A, SQ 8, CONT 0.110 ACRES, RESUB OF LOTS 6 & 7, SQ 8 CAPITAL HEIGHTS, LOCATED IN SEC 81, T7S, R1ERESUB 2020
Legal Description
WARD: 1-3, SUBDIVISION: CAPITAL HEIGHTS, LOT: 6-A, BLOCK: 8. LOT 6-A, SQ 8, CONT 0.110 ACRES, RESUB OF LOTS 6 & 7, SQ 8 CAPITAL HEIGHTS, LOCATED IN SEC 81, T7S, R1ERESUB 2020
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
granite countertops
stainless steel appliances
gas ranges
breakfast bar
living room built-ins
kitchen island
laundry room
covered back patio
covered carport
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Amanda Miller Realty, LLC
(504) 302-4610
Listed By:
Amanda Miller · License #995687438
(504) 250-0059
Added: Sep 3
Last Checked: Sep 5 at 3:06PM
MLS# 2575476
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex package combines two tenant-occupied homes sold together as one property, offering 2,349 square feet of residential improvements. The front residence at 555 Wiltz includes three bedrooms, two bathrooms, a breakfast bar, extensive cabinetry, built-in living room shelving, and a covered carport. Set behind it, 545 Wiltz provides three bedrooms, one bathroom, an open living arrangement, kitchen island, spacious laundry room, and covered rear patio facing the fenced yard.
Built in 1960, the property includes central heating and central air, granite countertops, stainless steel appliances, gas ranges, shingle roofing, and public water service. The 545 Wiltz residence is leased month-to-month, while the 555 Wiltz lease runs through July 2027. Separate homes support continued rental use or an owner-occupancy arrangement with the other residence leased.
Built in 1960, the property includes central heating and central air, granite countertops, stainless steel appliances, gas ranges, shingle roofing, and public water service. The 545 Wiltz residence is leased month-to-month, while the 555 Wiltz lease runs through July 2027. Separate homes support continued rental use or an owner-occupancy arrangement with the other residence leased.
Key Highlights
- Two homes sold together as one 2,349‑square‑foot duplex package
- 555 Wiltz: three bedrooms, two bathrooms, covered carport, breakfast bar, and built‑in living room features
- 545 Wiltz: three bedrooms, one bathroom, open layout, kitchen island, laundry room, and covered rear patio
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
$24,250
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
4.71%
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%
$485,000
$485.0K
Cap Rate 7%
$346,429
$346.4K
Cap Rate 9%
$269,444
$269.4K
Market Conditions
NOI Build-Up for 2,349 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
$36.4K $15.48/SF
− Vacancy
−$1.7K −$0.73/SF
EGI
$34.6K $14.75/SF
− OpEx
−$10.4K −$4.42/SF
NOI
$24.2K $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%
$485,000
Cap Rate 7%
$346,429
Cap Rate 9%
$269,444
Alternative Uses
Best Use
Multifamily LT 5
$346.4K
$303.1K – $404.2K
NOI $24,250 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$307.3K
$268.9K – $358.5K
NOI $21,508 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$562.6K
$492.2K – $656.3K
NOI $39,379 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,654
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
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied residential income property with separate homes, covered parking, fenced outdoor space, and updated kitchen features.
Where is this duplex located?
The property is located at 545-555 WILTZ Drive Baton Rouge, LA.
What is the asking price?
The asking price for this property is $514,500.
What are key features of this property?
This property features: Two homes sold together as one 2,349‑square‑foot duplex package; 555 Wiltz: three bedrooms, two bathrooms, covered carport, breakfast bar, and built‑in living room features; 545 Wiltz: three bedrooms, one bathroom, open layout, kitchen island, laundry room, and covered rear patio
