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    Quadplex with 2-Bedroom Units Title is generated by Realmo AI

    934 Hammond Manor Dr, Baton Rouge, LA 70816

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    For Sale
    $377,000

    Quadruplex - Baton Rouge, LA

    Type:Quadruplex
    Property size:
    3,800 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $99/SF
    Added:
    Mar 17, 2026
    Days on Market:
    81
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 934 Hammond Manor Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Parking
    8
    Parking features
    Parking Lot
    Exterior features
    Commons Lot
    Appliances
    Dishwasher, Washer
    Standard status
    Active
    Size
    3,800 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Kye Hammond

    Listing agent Kye Hammond

    Listing office Keller Williams Realty Red Stick Partners 8686 Bluebonnet, Baton Rouge, LA

    Listing date Mar 17, 2026

    MLS# 2026004765 Listing URL

    Copyright © 2026 Greater Baton Rouge 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.

    HighLights

    • Fully occupied multifamily at 934 Hammond Manor Dr, Baton Rouge, LA
    • Each unit features 2 bedrooms and 2 bathrooms with approximately 1,000 SF per unit
    • Tile flooring throughout each unit
    • Washer and dryer connections included in every unit
    • Upstairs units include fireplaces
    • Utilities setup: electricity separately metered; water on a single master meter for the building

    Overview

    This quadplex at 934 Hammond Manor Dr includes four residential units, each offering 2 bedrooms and 2 bathrooms in approximately 1,000 square feet. Interiors feature tile flooring throughout, with washer and dryer connections included in every unit. The upstairs units are enhanced with fireplaces. Utilities are structured with each unit separately metered for electricity, while water is served through a single master meter for the building. All units are currently tenant-occupied.

    The property is located in Baton Rouge, Louisiana, in East Baton Rouge Parish. The lot size is listed at 0.14 acres, and the building size is listed as approximately 3,800 square feet.

    For investors or owner-operators seeking a multifamily asset with four distinct units and current occupancy, this configuration supports straightforward residential leasing. With separately metered electricity by unit, operating expenses may be easier to manage from a utility standpoint, and in-unit washer/dryer connections add convenience for tenants. Reported gross rental income is approximately $4,000 per month, or about $48,000 annually.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.010728
    Latitude
    30.45639

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    FAQs

    What type of property is this?
    Quadplex - Fully occupied quadplex with tile flooring, washer/dryer connections, and separately metered electricity for each unit.
    Where is this quadplex located?
    The property is located at 934 Hammond Manor Dr Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $377,000.
    What are key features of this property?
    This property features: Fully occupied multifamily at 934 Hammond Manor Dr, Baton Rouge, LA; Each unit features 2 bedrooms and 2 bathrooms with approximately 1,000 SF per unit; Tile flooring throughout each unit
    (225) 768-1800
    We can help!
    Listing Contact
    Kye Hammond
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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