Estimated payment $4,912/month
About This Home
Renovated 12 unit multifamily (3 buildings, 4 units each) with a mix of 3 bedroom and 2 bedroom units.The property includes an on-site, income-producing laundromat with 8 machines generating an average of several hundred dollars per month. Utilities are individually metered, so tenants pay their own. The downstairs units were fully gutted and rebuilt with new doors, sheetrock, cabinets, and more. Major systems have been improved, including central HVAC systems installed within approximately the last 5 years, newer water heaters, and updated electrical panels, meter pans, and wiring in most units. Current ownership has maintained conservative tenant-qualification standards and has not been proactive with leasing, creating a clear opportunity for a new owner to improve occupancy and increase cash flow.
Listing Agent
Cornerstone Management Group LLC License #0912124108 Listed on: 02/13/2026
Property Details
Home Type
- Multi-Family
Lot Details
- 25,700 Sq Ft Lot
Parking
- 24 Parking Spaces
Home Design
- 8,800 Sq Ft Home
- Brick Exterior Construction
- Slab Foundation
- Frame Construction
Utilities
- Central Heating and Cooling System
- Multiple Heating Units
- Separate Meters
Community Details
- 12 Units
- Gross Income $123,600
Listing and Financial Details
- Tax Lot 14, 21, 22
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2026 03/31/26 | Price Changed | $775,000 | -9.4% | $88 / Sq Ft |
| 02/13/2026 02/13/26 | For Sale | $855,000 | -- | $97 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Sheriffs Deed | $52,100 | None Available | |
| Warranty Deed | $2,100,000 | -- |
Source: Greater Baton Rouge Association of REALTORS®
MLS Number: BR2026002777
APN: 00728144
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Ask me questions while you tour the home.