Two-Building Duplex
New
For Sale
$375,000
741 N 8th St #4, Baton Rouge, LA 70802
One duplex includes an occupied unit, while the other has undergone substantial interior and framing work.
Property Size3,466 SF
Price / SF$108.19
Days on Market6
Property Features for 741 N 8th St #4
General Information
Standard status
Active
Size
3,466 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
the other side has had the ceiling removed
Additional Details
Road Access
Yes
Multifamily Units
4
Building Details
Buildings
2
Listing Agency:
The Sage Firm
Listed By:
Borne2Sell Realty
(225) 937-0900
Source:
Borne2sell
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 6:22AM
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 The Sage Firm
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Investment Insights
Based on property information with market context.
This duplex property comprises two buildings on one lot, with a combined property size of 3,466 square feet. One building underwent extensive interior demolition, and much of its framing was repaired; the foundation was also leveled. Many original wood windows remain in working condition. In the other building, one side is occupied by a tenant, while the ceiling has been removed from the adjoining side.
The buildings have separate street-facing orientations: one faces Spanish Town, and the other faces N 8th St. The property is in Baton Rouge’s Spanish Town neighborhood.
The buildings have separate street-facing orientations: one faces Spanish Town, and the other faces N 8th St. The property is in Baton Rouge’s Spanish Town neighborhood.
Key Highlights
- Two duplex buildings situated on one lot
- Combined property size of 3,466 square feet
- One unit currently has a tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,735
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,700
$634.7K
Cap Rate 7%
$453,357
$453.4K
Cap Rate 9%
$352,611
$352.6K
Market Conditions
NOI Build-Up for 3,466 SF
Gross rent
$60.7K $17.52/SF
− Vacancy
−$3.0K −$0.87/SF
EGI
$57.7K $16.65/SF
− OpEx
−$26.0K −$7.49/SF
NOI
$31.7K $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 Rate 5%
$634,700
Cap Rate 7%
$453,357
Cap Rate 9%
$352,611
Alternative Uses
Best Use
Multifamily LT 5
$511.2K
$447.3K – $596.4K
NOI $35,781 @ 7.0% cap · market cap 9.54%
Second Best
Apartment 5plus
$453.4K
$396.7K – $528.9K
NOI $31,735 @ 7.0% cap · market cap 8.46%
Theoretical Best
Specialty Retail
$830.1K
$726.3K – $968.4K
NOI $58,105 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 70802, LA
26,519
Population
13,887
Households
1.9
Avg Household Size
29
Median Age
24%
College-Educated
82%
High-School Grad
7.1 sq mi
ZIP Area
3,735
Density / Sq Mi
$34,082
Median Household Income
$23,215
Median Earnings
$935
Median Rent
$105,100
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
Frequently Asked Questions
What type of property is this?
Duplex - One duplex includes an occupied unit, while the other has undergone substantial interior and framing work.
Where is this duplex located?
The property is located at 741 N 8th St #4 Baton Rouge, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two duplex buildings situated on one lot; Combined property size of 3,466 square feet; One unit currently has a tenant
