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    1305 Laurel St Baton Rouge, LA 70802

    For Sale
    $800,000

    11-Unit Portfolio, 8% Cap Rate

    Property size:
    15,555 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional investment opportunity presents an 11-unit single-family rental portfolio located in Baton Rouge, Louisiana. The portfolio comprises eleven buildings, totaling 15,555 square feet, and currently boasts 100% occupancy. The properties are a mix of single-family homes and one owner-occupied office space, offering immediate cash flow. The asking price is $800,000, translating to a compelling price per square foot of $51.43 and a price per unit of $72,727.27. The portfolio's strong performance is reflected in its pro-forma net operating income (NOI) of $64,230, yielding an attractive pro-forma cap rate of 8.03%. The properties are fee simple ownership and are located across various addresses in Baton Rouge, primarily within East Baton Rouge Parish, with zip codes 70802, 70805, and 70811. Individual unit details vary, with some featuring updated central heating and air conditioning. Several units benefit from rental income subsidies. The portfolio's location offers potential advantages, with some properties situated in Opportunity Zones. Tenants are responsible for yard maintenance. The seller is open to considering offers for individual property sales. This portfolio represents a rare opportunity to acquire a stabilized, high-occupancy rental investment in a desirable location. Financial details are available upon request.

    Property Features for 1305 Laurel St

    General Information

    Property type
    Multifamily properties
    Square Feet
    15,555 SF
    Class
    C

    Building Details

    Buildings
    11
    Units
    11

    HighLights

    • High historical occupancy rates.
    • Located in a Qualified Opportunity Zone.
    • Select units benefit from rental income subsidies.
    • Several units feature updated central heating and air conditioning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.176019948479
    Latitude
    30.450759316525

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    FAQs

    What type of property is this?
    Multifamily property - 11-Unit Portfolio, 8% Cap Rate
    Where is this multifamily property located?
    The property is located at 1305 Laurel St Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: High historical occupancy rates.; Located in a Qualified Opportunity Zone.; Select units benefit from rental income subsidies.
    (225) 237-3343
    Request Owner's contact information
    1305 Laurel St Baton Rouge, LA 70802
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    Baton Rouge, LA 70802
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    1305 Laurel St Baton Rouge, LA 70802
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