604 Spanish Town Rd Baton Rouge, LA 70802
This exceptional investment opportunity presents a 6-unit apartment building located at 604 Spanish Town Road, Baton Rouge, LA 70802. Situated on a 0.08-acre lot (APN 41475), this two-story building offers 4,040 square feet of space and is zoned A4 – General Residential. The property boasts numerous historic features ripe for restoration, presenting a blank slate for developers seeking a rehabilitation project. The building's exterior has been recently painted, and new plumbing was previously installed. This multifamily property, located in the highly desirable historic Spanish Town neighborhood of Downtown Baton Rouge, offers excellent street parking access due to its corner lot location. The potential exists to renovate and reconfigure the existing structure into 4 to 6 units, maximizing rental income potential. This is a rare chance to acquire a property in a coveted area with significant upside for the right investor. The asking price is $485,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.