5407 Nicholson Dr Baton Rouge, LA 70820
Highlands/Perkins NeighborhoodEstimated payment $2,645/month
About This Home
DOWNPAYMENT GRANTS ARE AVAILABLE! Investor’s Goldmine – Fully Rented 4-Unit Property Near Tiger Stadium! Located at 5407 Nicholson Drive, Baton Rouge, LA 70820, this 4-unit multifamily property is a rare find for savvy investors. Boasting a monthly rental income of $3,950, this property is already at full occupancy, making it a turnkey cash cow ready to generate returns from day one. Why This Property Stands Out Prime Location: Just minutes from LSU and the iconic Tiger Stadium, this property is perfectly situated to attract students, professionals, and sports fans. It's also conveniently located near major bus lines for easy commuting and just a short drive to Baton Rouge’s popular shopping destinations, including the Mall of Louisiana. Renovated and Updated: All four units have been recently upgraded with modern finishes, including fresh paint, durable flooring, and updated kitchens featuring sleek countertops and appliances. These updates ensure tenant satisfaction and low vacancy rates. Spacious Layouts: Each unit features 2 generously sized bedrooms and 1.5 bathrooms, offering tenants the space and comfort they desire. The open living areas and functional designs make these units highly desirable. Investment Highlights Strong Rental Income: Generating $3,950 monthly in rental income, this property provides an excellent return on investment. Proximity to Attractions: The property’s location near LSU and Tiger Stadium ensures a steady pool of potential renters. Plus, with shopping, dining, and entertainment options nearby, tenants have everything they need within reach. Low Maintenance: With recent renovations, this property is positioned to require minimal upkeep, allowing you to focus on maximizing your investment. High Demand Area: Properties in this area are consistently in demand, making it an ideal long-term investment opportunity. This is a rare opportunity to own a fully rented, income-generating property in one of Baton Rouge’s most desirable locations.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,643
Lot Details
- 0.25 Acre Lot
Parking
- 4 Parking Spaces
Home Design
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 4,000 Sq Ft Home
- 2-Story Property
- Dryer
Kitchen
- Oven or Range
- Microwave
Community Details
- Property has a Home Owners Association
- Brightside Commons Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,643 | $38,480 | $2,750 | $35,730 |
| 2023 | $4,643 | $27,900 | $2,750 | $25,150 |
| 2022 | $3,430 | $27,900 | $2,750 | $25,150 |
| 2021 | $3,353 | $27,900 | $2,750 | $25,150 |
| 2020 | $3,323 | $27,900 | $2,750 | $25,150 |
| 2019 | $3,999 | $32,080 | $1,850 | $30,230 |
| 2018 | $3,950 | $32,080 | $1,850 | $30,230 |
| 2017 | $1,767 | $14,350 | $1,850 | $12,500 |
| 2016 | $1,724 | $14,350 | $1,850 | $12,500 |
| 2015 | $1,689 | $14,050 | $1,550 | $12,500 |
| 2014 | $1,683 | $14,050 | $1,550 | $12,500 |
| 2013 | -- | $14,050 | $1,550 | $12,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | Price Changed | $423,895 | 0.0% | $106 / Sq Ft |
| 06/04/2025 06/04/25 | Price Changed | $423,899 | 0.0% | $106 / Sq Ft |
| 05/29/2025 05/29/25 | Price Changed | $423,900 | 0.0% | $106 / Sq Ft |
| 05/12/2025 05/12/25 | Price Changed | $423,999 | 0.0% | $106 / Sq Ft |
| 04/23/2025 04/23/25 | Price Changed | $424,000 | -0.1% | $106 / Sq Ft |
| 03/29/2025 03/29/25 | Price Changed | $424,300 | 0.0% | $106 / Sq Ft |
| 03/25/2025 03/25/25 | Price Changed | $424,400 | 0.0% | $106 / Sq Ft |
| 03/19/2025 03/19/25 | Price Changed | $424,500 | -0.1% | $106 / Sq Ft |
| 03/13/2025 03/13/25 | Price Changed | $424,899 | 0.0% | $106 / Sq Ft |
| 02/23/2025 02/23/25 | Price Changed | $424,900 | 0.0% | $106 / Sq Ft |
| 12/23/2024 12/23/24 | For Sale | $425,000 | 0.0% | $106 / Sq Ft |
| 07/17/2023 07/17/23 | Rented | $1,050 | +5.0% | -- |
| 05/05/2023 05/05/23 | Price Changed | $1,000 | -4.8% | $1 / Sq Ft |
| 04/07/2023 04/07/23 | Price Changed | $1,050 | -4.5% | $1 / Sq Ft |
| 03/14/2023 03/14/23 | For Rent | $1,100 | 0.0% | -- |
| 03/09/2023 03/09/23 | Sold | -- | -- | -- |
| 01/11/2023 01/11/23 | Pending | -- | -- | -- |
| 01/10/2023 01/10/23 | For Sale | $425,000 | 0.0% | $106 / Sq Ft |
| 01/08/2023 01/08/23 | Pending | -- | -- | -- |
| 12/30/2022 12/30/22 | For Sale | $425,000 | +93.2% | $106 / Sq Ft |
| 05/30/2017 05/30/17 | Sold | -- | -- | -- |
| 02/23/2017 02/23/17 | Pending | -- | -- | -- |
| 02/21/2017 02/21/17 | For Sale | $220,000 | -- | $61 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $405,000 | Accelerated Title | |
| Deed | $267,000 | Bayou Title Inc | |
| Deed | $220,000 | Preferred Title Company | |
| Deed | $135,000 | -- | |
| Deed | $133,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $397,664 | FHA | |
| Previous Owner | $256,241 | FHA | |
| Previous Owner | $257,655 | FHA | |
| Previous Owner | $176,000 | New Conventional | |
| Previous Owner | $215,000 | Commercial | |
| Previous Owner | $100,000 | Commercial |
Source: Greater Baton Rouge Association of REALTORS®
MLS Number: 2024022647
APN: 00434698
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