5750 Florida Boulevard, Baton Rouge, LA 70806

Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
5750 Florida Boulevard,Baton Rouge, LA 70806
$5,800,000
  • 113 Beds
  • 64 Baths
  • 38,000 sq. ft.
  • Multi-family
  • Active
Listed by: mason mccullough, bryce danna-marullo
Office: bridgewater realty advisors, llc.
MLS#:2529356
Source:LA_CLBOR

Price summary

  • Price:$5,800,000
  • Price per sq. ft.:$152.63

About this home

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 high occupancy and reduce turnover. When the rents are increased to actual market value, NOI can be boosted to $520,426 or a 8.97% cap rate.

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Home facts

  • Year built:1978
  • Listing ID #:2529356
  • Added:53 day(s) ago
  • Updated:December 28, 2025 at 04:02 PM

Rooms and interior

  • Bedrooms:113
  • Total bathrooms:64
  • Full bathrooms:64
  • Living area:38,000 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Heating

Structure and exterior

  • Roof:Flat
  • Year built:1978
  • Building area:38,000 sq. ft.
  • Lot area:2.76 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,800,000
  • Price per sq. ft.:$152.63

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