5407 Nicholson Dr Baton Rouge, LA 70820
Highlands/Perkins NeighborhoodEstimated payment $2,673/month
About This Home
5407 Nicholson Drive - Baton Rouge, LA Fourplex located on Nicholson Drive with access to Louisiana State University and minutes to world-renowned Tiger Stadium and surrounding restaurants. This fully leased, income-producing property provides immediate rental income with tenants already in place. This property brings in over $4000 per month in income. Each unit is occupied under leases, offering consistent cash flow from day one. The location supports steady rental demand for student and workforce housing. This property presents an opportunity to acquire multifamily real estate with existing income in a well-established rental corridor. Buyers may qualify for down payment assistance or grant programs, subject to lender guidelines. Property Features: Four-unit multifamily property Fully rented with leases Minutes to Tiger Stadium and dining options Access to campus, public transportation, and major roadways Down payment grants may be available for qualified buyers An income-producing property with tenants already in place and immediate revenue.
Property Details
Home Type
- Multi-Family
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 4,000 Sq Ft Home
- 2-Story Property
Utilities
- Central Heating and Cooling System
Community Details
- 4 Units
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 |
|---|---|---|---|---|
| 2025 | $4,853 | $38,480 | $2,750 | $35,730 |
| 2024 | $4,853 | $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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/24/2026 01/24/26 | 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 | -- | -- | -- | View Prior Sale |
| 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 | -- | -- | -- | View Prior Sale |
| 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 | $257,655 | FHA | |
| Previous Owner | $176,000 | New Conventional | |
| Previous Owner | $215,000 | Commercial | |
| Previous Owner | $100,000 | Commercial |
Source: New Orleans Metropolitan Association of REALTORS®
MLS Number: NO2539837
APN: 00434698
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Ask me questions while you tour the home.