Two-Unit
New
For Sale
$245,999
9935-9937 El Scott Ave, Baton Rouge, LA 70811
Each residence offers three bedrooms and two bathrooms, with one side vacant and the other occupied by a tenant.
Property Size1,386 SF
Price / SF$177.49
Days on Market4
Property Features for 9935-9937 El Scott Ave
General Information
Standard status
Active
Size
1,386 SF
Property subtype
Multi-Family
Occupancy
50%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Bayou Classic Realty, LLC
Listed By:
Southern Homes Team
(225) 268-1110
Source:
Movingto225
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 6:59AM
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 Bayou Classic Realty, LLC
Investment Insights
Based on property information with market context.
This duplex, built in 1981, contains two residences, each with three bedrooms and two bathrooms. Each side measures 1,386 square feet. One residence is tenant-occupied, while the other is vacant and available for occupancy.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Each side measures 1,386 square feet
- One side is tenant‑occupied; the other is vacant
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
$14,308
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
5.82%
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%
$286,160
$286.2K
Cap Rate 7%
$204,400
$204.4K
Cap Rate 9%
$158,978
$159.0K
Market Conditions
NOI Build-Up for 1,386 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
$21.5K $15.48/SF
− Vacancy
−$1.0K −$0.73/SF
EGI
$20.4K $14.75/SF
− OpEx
−$6.1K −$4.42/SF
NOI
$14.3K $10.32/SF
Area
Baton Rouge, LA
Vacancy
4.73%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
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%
$286,160
Cap Rate 7%
$204,400
Cap Rate 9%
$158,978
Alternative Uses
Best Use
Multifamily LT 5
$204.4K
$178.9K – $238.5K
NOI $14,308 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$181.3K
$158.6K – $211.5K
NOI $12,690 @ 7.0% cap · market cap 5.16%
Theoretical Best
Specialty Retail
$331.9K
$290.4K – $387.3K
NOI $23,235 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 70811, LA
13,116
Population
5,093
Households
2.6
Avg Household Size
39
Median Age
19%
College-Educated
82%
High-School Grad
11.3 sq mi
ZIP Area
1,161
Density / Sq Mi
$41,195
Median Household Income
$31,696
Median Earnings
$876
Median Rent
$161,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms and two bathrooms, with one side vacant and the other occupied by a tenant.
Where is this duplex located?
The property is located at 9935-9937 El Scott Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $245,999.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Each side measures 1,386 square feet; One side is tenant‑occupied; the other is vacant
