Fourplex Townhouse
For Sale
$495,000
7051 Perkins Place Ct, Baton Rouge, LA 70722
Brick veneer fourplex with updated roofing, complete appliance packages, and enclosed patios on select units.
Property Size4,522 SF
Price / SF$109.46
Days on Market19
Property Features for 7051 Perkins Place Ct
General Information
Standard status
Active
Size
4,522 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Amenities
washer/dryer
enclosed patios
Building Details
Year Built
1982
Buildings
1
Construction
brick veneer
Listing Agency:
Congress Realty, Inc.
(888) 881-4118
Listed By:
Jared English · License #7081459
Source:
Dominionplace
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 30 at 7:34PM
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 Congress Realty, Inc.
Investment Insights
Based on property information with market context.
This 1982-built fourplex is configured as a brick veneer townhouse building with four two-bedroom units, each offering 1 1/2 baths. The property contains 4,522 square feet and includes a washer and dryer, refrigerator, stove, dishwasher, and ceiling fans in every unit. Units B, C, and D also feature enclosed concrete rear patios.
A newly installed roof carries a 130 MPH wind rating. The property is located across from Baton Rouge Clinic and near Perkins and Essen Lane in Baton Rouge, Louisiana.
A newly installed roof carries a 130 MPH wind rating. The property is located across from Baton Rouge Clinic and near Perkins and Essen Lane in Baton Rouge, Louisiana.
Key Highlights
- Fourplex townhouse building with four two‑bedroom, 1 1/2‑bath units
- 4,522‑square‑foot property built in 1982
- New roof with 130 MPH wind rating
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
$41,404
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
8.36%
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%
$828,080
$828.1K
Cap Rate 7%
$591,486
$591.5K
Cap Rate 9%
$460,044
$460.0K
Market Conditions
NOI Build-Up for 4,522 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
$79.2K $17.52/SF
− Vacancy
−$3.9K −$0.87/SF
EGI
$75.3K $16.65/SF
− OpEx
−$33.9K −$7.49/SF
NOI
$41.4K $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%
$828,080
Cap Rate 7%
$591,486
Cap Rate 9%
$460,044
Alternative Uses
Best Use
Multifamily LT 5
$666.9K
$583.5K – $778.1K
NOI $46,683 @ 7.0% cap · market cap 9.43%
Second Best
Apartment 5plus
$591.5K
$517.6K – $690.1K
NOI $41,404 @ 7.0% cap · market cap 8.36%
Theoretical Best
Specialty Retail
$1.08M
$947.6K – $1.26M
NOI $75,808 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,620
Businesses Nearby
Explore this area
Business Placement
Demographics for 70722, LA
5,569
Population
2,848
Households
2
Avg Household Size
47
Median Age
26%
College-Educated
90%
High-School Grad
168.8 sq mi
ZIP Area
33
Density / Sq Mi
$73,310
Median Household Income
$49,250
Median Earnings
$907
Median Rent
$229,700
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?
Quadplex - Brick veneer fourplex with updated roofing, complete appliance packages, and enclosed patios on select units.
Where is this quadplex located?
The property is located at 7051 Perkins Place Ct Baton Rouge, LA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Fourplex townhouse building with four two‑bedroom, 1 1/2‑bath units; 4,522‑square‑foot property built in 1982; New roof with 130 MPH wind rating
