Occupied Fourplex with Two-Bedroom
New
For Sale
$400,000
6368 Quin Dr, Baton Rouge, LA 70817
Four apartments provide established occupancy, full kitchen appliances, and electric washer/dryer connections.
Property Size3,896 SF
Price / SF$102.67
Days on Market3
Property Features for 6368 Quin Dr
General Information
Standard status
Active
Size
3,896 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Building Details
Buildings
1
Listing Agency:
Real Broker LLC
Listed By:
Natasha Amaya Engle · License #B14193
(225) 768-1800
Source:
Soldbyqueen
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 12 at 4:42AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This 3,896-square-foot fourplex contains four two-bedroom, two-bathroom apartments, creating a consistent residential income configuration. Each unit includes a refrigerator, range, dishwasher, and electric washer/dryer connections. The property is fully occupied, with several long-term residents, including some with more than 20 years of occupancy.
Residents pay their own electricity, while ownership covers water, sewer, and trash. The property is located at 6368 Quin Dr in Baton Rouge, near Airline Highway, Women’s Hospital, restaurants, shopping, and everyday amenities. It is in Flood Zone X, and flood insurance is optional. The property did not flood in 2016. Unit showings are available after the seller accepts a Purchase Agreement.
Residents pay their own electricity, while ownership covers water, sewer, and trash. The property is located at 6368 Quin Dr in Baton Rouge, near Airline Highway, Women’s Hospital, restaurants, shopping, and everyday amenities. It is in Flood Zone X, and flood insurance is optional. The property did not flood in 2016. Unit showings are available after the seller accepts a Purchase Agreement.
Key Highlights
- Fully occupied fourplex with four residential units
- Four 2‑bedroom, 2‑bathroom units
- 3,896 square feet of total property size
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
$35,672
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
8.92%
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%
$713,440
$713.4K
Cap Rate 7%
$509,600
$509.6K
Cap Rate 9%
$396,356
$396.4K
Market Conditions
NOI Build-Up for 3,896 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
$68.3K $17.52/SF
− Vacancy
−$3.4K −$0.87/SF
EGI
$64.9K $16.65/SF
− OpEx
−$29.2K −$7.49/SF
NOI
$35.7K $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 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%
$713,440
Cap Rate 7%
$509,600
Cap Rate 9%
$396,356
Alternative Uses
Best Use
Multifamily LT 5
$574.6K
$502.8K – $670.3K
NOI $40,220 @ 7.0% cap · market cap 10.06%
Second Best
Apartment 5plus
$509.6K
$445.9K – $594.5K
NOI $35,672 @ 7.0% cap · market cap 8.92%
Theoretical Best
Specialty Retail
$933.1K
$816.4K – $1.09M
NOI $65,314 @ 7.0% cap · market cap 16.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 70817, LA
35,025
Population
14,106
Households
2.5
Avg Household Size
40
Median Age
50%
College-Educated
96%
High-School Grad
25.4 sq mi
ZIP Area
1,379
Density / Sq Mi
$102,878
Median Household Income
$58,613
Median Earnings
$1,363
Median Rent
$288,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments provide established occupancy, full kitchen appliances, and electric washer/dryer connections.
Where is this quadplex located?
The property is located at 6368 Quin Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Fully occupied fourplex with four residential units; Four 2‑bedroom, 2‑bathroom units; 3,896 square feet of total property size
