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$5,250,000
Monthly Est:$26,131
113 Beds
64 Baths64 full baths
38,000sqft
5750 Florida Blvd, Baton Rouge, LA 70806
$5,250,000
$26,131/moEst:
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Multi Family
Built in 1978
$-- HOA
2.76 acres lot
$138/sq.ft
Description
River Pines Apartments is a 64-unit multifamily property located on Florida Blvd in Baton Rouge. The complex features a mix of (15) one-bedroom units and (49) two-bedroom units, offering a balanced unit mix with strong tenant demand strong historical occupancy and reliable cash flow. All major systems are maintained and market rents support further upside through light renovations. With an in place NOI of $335k and an 6.39% cap rate at the asking price, River Pines provides stable yield and low management intensity in a high-demand Baton Rouge submarket to major employers, retail and transit routes. The seller has intentionally kept rental rates low to ensure high occupancy and reduce turnover. When the rents are increased to actual market value, NOI can be boosted to $536,587 or a 10.22% cap rate.
- Houzeo last checked: 3 hours ago
- Listing updated: October 23, 2026 at 9:22 am
- Listing Provided by: Bryce A Danna-Marullo (504) 301-5583 DRE #995705186, Cameron B. Griffin DRE #995696437 | Bridgewater Realty Advisors (504) 901-0463
- Source: Regional One Access Multiple Listing Service | MLS#: 2558044
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1978
HOA Fees
-
Finished Area
38,000 sqft
Lot Size
2.76 acres lot
Basement Area
- sqft
MLS Name
Regional One Access Multiple Listing Service
MLS Number
2558044
MLS Status
Active
Days on Market
169
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 113
Bathrooms: 64
Interior
Cooling
Central Air
Heating
Central
Sewer
Public Sewer
Construction
Year Built
Year Built: 1978
Home type
Multi Family
Architectural Style
Traditional
Foundation Details
Slab
Construction Materials
Block, Brick
Utilities & Energy
Parking Features
Parking Lot
Laundry Features
Common Area
Water Source
Public
Utilities
Natural Gas Available
Other Features
Disclosures
Property As Is
Tenant Pays
Electricity
Price History
| Date | Event | Price |
|---|---|---|
05/13/2026 Source: | Listed for Sale | $5,250,000 -9.48% $138/sqft |
12/29/2025 Source: | Off Market | $5,800,000 +225.13% $153/sqft |
11/16/2025 Source: | Price Decreased | $1,783,875 -18.91% $47/sqft |
11/16/2025 Source: | Listing Removed | $2,200,000 +25.71% $58/sqft |
11/16/2025 Source: | Sold | $1,750,000 -55.13% $46/sqft |
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Based on information from the ROAM MLS through Oct 29, 2026, 02:15PM. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 ROAM MLS. All Rights Reserved.
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