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$5,800,000
113 Beds
64 Baths64 full baths
38,000sqft
5750 Florida Blvd, Baton Rouge, LA 70806
$5,800,000
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Apartment
Built in 1978
$-- HOA
2.76 acres lot
$153/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 $423,071 and an 7.29% cap rate at the asking price, River Pines provides stable yield and low management intensity in a high-demand Baton Rouge submarket close to major employers, retail and transit routes. The seller has intentionally kept rental rates low to ensure hig...
Continue Reading- Houzeo last checked: 48 Minutes ago
- Listing updated: November 13, 2025 at 6:42 pm
- Listing Provided by: Mason McCullough (504) 298-8631 , Bryce Danna-Marullo | Bridgewater Realty Advisors, LLC (504) 901-0463
- Source: New Orleans Metropolitan AOR (NOMAR) MLS-LA | MLS#: 2529356
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
New Orleans Metropolitan AOR (NOMAR) MLS
MLS Number
2529356
MLS Status
Active
Days on Market
49
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